Company Registration No. 12819529 (England and Wales)
Panther Partnership Ltd
Unaudited accounts
for the year ended 31 August 2024
Panther Partnership Ltd
Unaudited accounts
Contents
Panther Partnership Ltd
Company Information
for the year ended 31 August 2024
Directors
Jonathan Johnson
Michael Sorbie
Nicholas Gilfillan
Harry Waterworth
Company Number
12819529 (England and Wales)
Registered Office
5 Fairmile Drive
East Didsbury
Manchester
M20 5WS
Accountants
Foster Barlow Limited
81 Penny Meadow
Ashton under Lyne
Lancashire
OL6 6EL
Panther Partnership Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
523,308
203,752
Creditors: amounts falling due within one year
(361,225)
(74,037)
Net current assets
265,005
187,692
Total assets less current liabilities
314,070
187,692
Creditors: amounts falling due after more than one year
(68,802)
(103,204)
Called up share capital
23
20
Profit and loss account
245,245
84,468
Shareholders' funds
245,268
84,488
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2025 and were signed on its behalf by
Michael Sorbie
Director
Company Registration No. 12819529
Panther Partnership Ltd
Notes to the Accounts
for the year ended 31 August 2024
Panther Partnership Ltd is a private company, limited by shares, registered in England and Wales, registration number 12819529. The registered office is 5 Fairmile Drive, East Didsbury, Manchester, M20 5WS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Panther Partnership Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
102,922
57,977
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,000
25,599
Trade creditors
209,324
31,330
Taxes and social security
82,075
5,121
Loans from directors
9,721
3,079
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 2).