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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
Page
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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
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Panther Partnership Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,065 
- 
Current assets
Debtors
102,922 
57,977 
Cash at bank and in hand
523,308 
203,752 
626,230 
261,729 
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)
Net assets
245,268 
84,488 
Capital and reserves
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
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Panther Partnership Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
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.
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Panther Partnership Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
- 
Additions
51,604 
At 31 August 2024
51,604 
Depreciation
Charge for the year
2,539 
At 31 August 2024
2,539 
Net book value
At 31 August 2024
49,065 
5
Debtors
2024 
2023 
£ 
£ 
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 
VAT
9,595 
8,908 
Trade creditors
209,324 
31,330 
Taxes and social security
82,075 
5,121 
Other creditors
20,510 
- 
Loans from directors
9,721 
3,079 
361,225 
74,037 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
68,802 
103,204 
8
Average number of employees
During the year the average number of employees was 4 (2023: 2).
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