Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 11 false No description of principal activity 11 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC317149 2024-04-01 2025-03-31 OC317149 2023-05-01 2024-03-31 OC317149 2025-03-31 OC317149 2024-03-31 OC317149 c:MotorVehicles 2024-04-01 2025-03-31 OC317149 c:FurnitureFittings 2024-04-01 2025-03-31 OC317149 c:OfficeEquipment 2024-04-01 2025-03-31 OC317149 c:OtherPropertyPlantEquipment 2025-03-31 OC317149 c:OtherPropertyPlantEquipment 2024-03-31 OC317149 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC317149 c:CurrentFinancialInstruments 2025-03-31 OC317149 c:CurrentFinancialInstruments 2024-03-31 OC317149 c:Non-currentFinancialInstruments 2025-03-31 OC317149 c:Non-currentFinancialInstruments 2024-03-31 OC317149 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC317149 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC317149 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 OC317149 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 OC317149 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2025-03-31 OC317149 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-03-31 OC317149 d:FRS102 2024-04-01 2025-03-31 OC317149 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC317149 d:FullAccounts 2024-04-01 2025-03-31 OC317149 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC317149 c:WithinOneYear 2025-03-31 OC317149 c:WithinOneYear 2024-03-31 OC317149 c:BetweenOneFiveYears 2025-03-31 OC317149 c:BetweenOneFiveYears 2024-03-31 OC317149 2 2024-04-01 2025-03-31 OC317149 d:PartnerLLP1 2024-04-01 2025-03-31 OC317149 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC317149 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC317149 e:PoundSterling 2024-04-01 2025-03-31 OC317149 c:EntityControlledByKeyManagementPersonnel1 2024-04-01 2025-03-31 OC317149 c:EntityControlledByKeyManagementPersonnel1 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC317149 PANARC INTERIOR SOLUTIONS LLP UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
PANARC INTERIOR SOLUTIONS LLP REGISTERED NUMBER: OC317149 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 4,409 |  | 6,915
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 1,330,423 |  | 1,486,944 |
Cash at bank and in hand | 7 | 155,467 |  | 112,463 |
|  | 1,485,890 |  | 1,599,407 |
Creditors: amounts falling due within one year | 8 | (804,539) |  | (774,228) |
Net current assets |  |  | 681,351 |  | 825,179
Total assets less current liabilities |  |  | 685,760 |  | 832,094
Creditors: amounts falling due after more than one year | 9 |  | - |  | (60,158)
Net assets |  |  | 685,760 |  | 771,936
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 11 |  | 665,560 |  | 751,736
Members' other interests |  |  |  |  |
Members' capital classified as equity |  |  | 20,200 |  | 20,200
|  |  | 685,760 |  | 771,936
Total members' interests |  |  |  |  |
Loans and other debts due to members | 11 |  | 665,560 |  | 751,736
Members' other interests |  |  | 20,200 |  | 20,200
|  |  | 685,760 |  | 771,936
Page 1
PANARC INTERIOR SOLUTIONS LLP REGISTERED NUMBER: OC317149 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the Statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf on 3 September 2025.
P K Fernberg
Designated member
The notes on pages 4 to 11 form part of these financial statements. Page 2
PANARC INTERIOR SOLUTIONS LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2025
| Equity Members' other interests | Debt Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Members' capital (classified as equity) | Other reserves | Total | Other amounts | Total
| £ | £ | £ | £ | £
Amounts due to members |  |  |  | 271,924 |
Balance at 1 May 2023 | 20,200 | - | 20,200 | 271,924 | 292,124
Profit for the year available for discretionary division among members | - | 697,314 | 697,314 | - | 697,314
Members' interests after profit for the year | 20,200 | 697,314 | 717,514 | 271,924 | 989,438
Other division of profits | - | (697,314) | (697,314) | 697,314 | -
Drawings on account and distribution of profit | - | - | - | (217,502) | (217,502)
Amounts due to members |  |  |  | 751,736 |
Balance at 31 March 2024 | 20,200 | - | 20,200 | 751,736 | 771,936
Profit for the year available for discretionary division among members | - | 527,938 | 527,938 | - | 527,938
Members' interests after profit for the year | 20,200 | 527,938 | 548,138 | 751,736 | 1,299,874
Other division of profits | - | (527,938) | (527,938) | 527,938 | -
Drawings on account and distribution of profit | - | - | - | (614,114) | (614,114)
Amounts due to members |  |  |  | 665,560 |
Balance at 31 March 2025 | 20,200 | - | 20,200 | 665,560 | 685,760
The notes on pages 4 to 11 form part of these financial statements.
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
Page 3
PANARC INTERIOR SOLUTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Panarc Interior Solutions LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office is Unit H2 Deseronto Estate, St. Marys Road, Slough, Berkshire, SL3 7EW. The LLP specialises in the provision of suspended ceilings and partitions. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The members note that the company is trading adequately and if this continues, they will have sufficient working capital and other finance available to continue for a period of not less than 12 months from the date of signing the Statement of financial position. As such the members believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the service is provided. Long-term contracts Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen. Retentions are included in the financial statements at their full value and are provided against at a rate of 50% once the project is completed and fully provided for once the date of repayment has passed. Page 4
PANARC INTERIOR SOLUTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following bases:
|  |  |  | Motor Vehicles | - | 25% reducing balance
|  |  |  | Fixtures & Fittings | - | 25% reducing balance
|  |  |  | Office Equipment | - | 33.3% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.8 | Finance costs
Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 5
PANARC INTERIOR SOLUTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Operating leases: the LLP as lessee
Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.10 | Pensions
Defined contribution pension plan The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP has no further payment obligations. The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.
| 2.11 | Interest income
Interest income is recognised in the Statement of comprehensive income using the effective interest method.
| 2.12 | Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense' in the Statement of comprehensive income.
| 2.13 | Borrowing costs
All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.
3. | Employees
The average monthly number of employees, including directors, during the period was 11 (period ended 31 March 2024 - 11). Page 6
PANARC INTERIOR SOLUTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Information in relation to members
|  |  |  |  | Year ended 31 March 2025 | Period ended 31 March 2024
| The average number of members during the year was | 2 | 2
The members received no remuneration during the year (period ended 31 March 2024 - £Nil).
5. | Tangible fixed assets
|  | Other fixed assets
|  | £
| Cost |
| At 1 April 2024 | 17,883
| At 31 March 2025 | 17,883
| Depreciation |
| At 1 April 2024 | 10,968
| Charge for the year on owned assets | 2,506
| At 31 March 2025 | 13,474
| Net book value |
| At 31 March 2025 | 4,409
| At 31 March 2024 | 6,915
Page 7
PANARC INTERIOR SOLUTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 844,935 | 938,598
| Other debtors | 453,330 | 520,936
| Prepayments and accrued income | 32,158 | 27,410
|  | 1,330,423 | 1,486,944
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 155,467 | 112,463
|  | 155,467 | 112,463
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 62,123 | 93,750
| Trade creditors | 282,281 | 350,190
| Other taxation and social security | 22,107 | 23,984
| Other creditors | 343,449 | 200,953
| Accruals and deferred income | 94,579 | 105,351
|  | 804,539 | 774,228
| Included within other creditors are amounts totalling £57,001 (31 March 2024 - £145,917) which are secured by a fixed and floating charge over the total assets of the LLP. Bank loans of £62,123 (31 March 2024 - £93,750) are secured by a fixed and floating charge against the assets of the LLP.
Page 8
PANARC INTERIOR SOLUTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 60,158
|  | - | 60,158
| Bank loans of £Nil (31 March 2024 - £60,158) are secured by a fixed and floating charge against the assets of the LLP.
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 62,123 | 93,750
|  | 62,123 | 93,750
| Amounts falling due 1-2 years |  |
| Bank loans | - | 60,158
|  | 62,123 | 153,908
Page 9
PANARC INTERIOR SOLUTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | 665,560 | 751,736
|  | 665,560 | 751,736
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | 665,560 | 751,736
|  | 665,560 | 751,736
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
12. | Pension commitments
The LLP operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the LLP in an independently administered fund. The pension cost charge represents contributions payable by the LLP to the fund and amounted to £12,565 (period ended 31 March 2024 - £10,390). Contributions totaling £1,381 (31 March 2024 - £1,513) were outstanding as at the year end.
13. | Commitments under operating leases
| At 31 March 2025 the LLP had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 48,858 | 32,331
| Later than 1 year and not later than 5 years | 91,321 | 68,217
|  | 140,179 | 100,548
14. | Related party transactions
| Included within other debtors is an amount of £77,339 (period ended 31 March 2024 - £96,814) due from a company in which the members are directors.
Page 10
PANARC INTERIOR SOLUTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
15. | Controlling party
The LLP is jointly controlled by the designated members.
Page 11