Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 2024-04-01 false The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false No description of principal activity 8 8 true false OC364950 2024-04-01 2025-03-31 OC364950 2023-05-01 2024-03-31 OC364950 2025-03-31 OC364950 2024-03-31 OC364950 c:MotorVehicles 2024-04-01 2025-03-31 OC364950 c:MotorVehicles 2025-03-31 OC364950 c:MotorVehicles 2024-03-31 OC364950 c:MotorVehicles c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC364950 c:CurrentFinancialInstruments 2025-03-31 OC364950 c:CurrentFinancialInstruments 2024-03-31 OC364950 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC364950 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC364950 d:FRS102 2024-04-01 2025-03-31 OC364950 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC364950 d:FullAccounts 2024-04-01 2025-03-31 OC364950 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC364950 d:PartnerLLP1 2024-04-01 2025-03-31 OC364950 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC364950 PANORAMA ADVERTISING & PROMOTIONS LLP UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
PANORAMA ADVERTISING & PROMOTIONS LLP REGISTERED NUMBER: OC364950 BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2025 | 2024 | 2024
Note | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 195,302 |  | 294,950
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 2,851,196 |  | 2,828,830 |
Cash at bank and in hand | 6 | 41 |  | 1,062 |
Creditors: amounts falling due within one year | 7 | (2,360,326) |  | (29,934) |
Net current assets |  |  | 490,911 |  | 2,799,958
Net assets |  |  | 686,213 |  | 3,094,908
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 8 |  | 686,213 |  | 3,094,908
Total members' interests |  |  |  |  |
Loans and other debts due to members | 8 |  | 686,213 |  | 3,094,908
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PANORAMA ADVERTISING & PROMOTIONS LLP REGISTERED NUMBER: OC364950 BALANCE SHEET (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 9 September 2025.
B P Litman
Designated member
Panorama Advertising & Promotions LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity. Page 2
PANORAMA ADVERTISING & PROMOTIONS LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2025
| DEBT Loans and other debts due to members less any amounts due from members in debtors
| Other amounts | Total
| £ | £
Amounts due to members | 3,033,278 | 3,033,278
Balance at 1 May 2023 | 3,033,278 | 3,033,278
Members' interests after loss for the year | 3,033,278 | 3,033,278
Other division of profits | 168,894 | 168,894
Amounts introduced by members | 278,363 | 278,363
Drawings on account and distribution of profit | (385,627) | (385,627)
Amounts due to members | 3,094,908 | 3,094,908
Balance at 31 March 2024 | 3,094,908 | 3,094,908
Members' interests after profit for the year | 3,094,908 | 3,094,908
Other division of profits | 322,372 | 322,372
Amounts introduced by members | 807,673 | 807,673
Drawings on account and distribution of profit | (3,538,740) | (3,538,740)
Amounts due to members | 686,213 | 686,213
Balance at 31 March 2025 | 686,213 | 686,213
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.
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PANORAMA ADVERTISING & PROMOTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Panorama Advertising & Promotions LLP ("the LLP") is a limited liability partnership, incorporated in England and Wales. Its registered office is Unit 2 Kingsgate Court, Rayleigh Road, Leigh-On-Sea, SS9 5PS. 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 | 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. The revenue mix is formed of the retail of electronic goods and domestic appliances and the rendering of services. The sale of electrical goods is recognised when the LLP has transferred the significant risks and rewards of ownership to the buyer. Revenue from the provision of services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.
| 2.3 | 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.
| 2.4 | 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 Balance Sheet. The assets of the plan are held separately from the LLP in independently administered funds. Page 4
PANORAMA ADVERTISING & PROMOTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | 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 .
| 2.6 | 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 on the following annual basis:
|  |  |  | Motor vehicles | - | 25% reducing balance
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.
| 2.7 | Debtors
Short term debtors are measured at transaction price, less any impairment.
| 2.8 | 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.
| 2.9 | Creditors
Short term creditors are measured at the transaction price.
| 2.10 | Financial instruments
The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Page 5
PANORAMA ADVERTISING & PROMOTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.10 | Financial instruments (continued)
Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Page 6
PANORAMA ADVERTISING & PROMOTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. | Employees
The average monthly number of employees, including directors, during the year was 8 (2023 - 8).
4. | Tangible fixed assets
|  | Motor vehicles
|  | £
| Cost |
| At 1 April 2024 | 591,614
| Additions | 252,123
| Disposals | (529,516)
| At 31 March 2025 | 314,221
| Depreciation |
| At 1 April 2024 | 296,664
| Charge for the year on owned assets | 65,100
| Disposals | (242,845)
| At 31 March 2025 | 118,919
| Net book value |
| At 31 March 2025 | 195,302
| At 31 March 2024 | 294,950
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PANORAMA ADVERTISING & PROMOTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 46,200 | 46,200
| Amounts owed by group undertakings | 2,778,463 | 2,781,016
| Other debtors | 25,000 | -
| Prepayments and accrued income | 1,533 | 1,614
|  | 2,851,196 | 2,828,830
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 41 | 1,062
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 4,089 | 4,038
| Amounts owed to group undertakings | 2,340,748 | -
| Other taxation and social security | 8,229 | 9,529
| Other creditors | 7,260 | 16,367
|  | 2,360,326 | 29,934
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PANORAMA ADVERTISING & PROMOTIONS LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | 686,213 | 3,094,908
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | 686,213 | 3,094,908
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
9. | Related party transactions
| At the year end, the LLP was owed £584,746 (2024 - £677,810) from its ultimate parent undertaking. At the year end, the LLP was owed £2,193,717 (2024 - £2,103,206) from companies under the common control. During the year the LLP also received management charges of £220,000 (2024 - £235,000) from this entity. At the year end, the LLP owed £2,340,748 (2024 - £Nil) to companies under common control.
10. | Ultimate parent undertaking and controlling party
Tower Radio Group Limited is considered to be the ultimate parent undertaking of the LLP in the period. The group considers its ultimate controlling party to be B P Litman.
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