Company No: 00450732 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	875		905
Investment property	4	250,000		250,000
		250,875		250,905
Current assets
Debtors	5	254,656		270,386
Cash at bank and in hand		6,757		6,836
		261,413		277,222
Creditors: amounts falling due within one year	6	( 42,600)		( 59,500)
Net current assets		218,813		217,722
Total assets less current liabilities		469,688		468,627
Net assets		469,688		468,627
Capital and reserves
Called-up share capital	7	77,990		77,990
Revaluation reserve		116,484		116,484
Capital redemption reserve		141,400		124,400
Profit and loss account		133,814		149,753
Total shareholders' funds		469,688		468,627

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Panter and Son Limited (registered number: 00450732) were approved and authorised for issue by the Director on 22 June 2026. They were signed on its behalf by:

Mr R Panter Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Panter and Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of, returns, rebates and discounts and after eliminating sales within the company.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Fixtures and fittings

4 years straight line

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 February 2025	4,108		4,108
Additions	349		349
At 31 January 2026	4,457		4,457
Accumulated depreciation
At 01 February 2025	3,203		3,203
Charge for the financial year	379		379
At 31 January 2026	3,582		3,582
Net book value
At 31 January 2026	875		875
At 31 January 2025	905		905

4. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	250,000
As at 31 January 2026	250,000

The investment property has been valued by the director, no independent valuation has been carried out during the year.

5. Debtors

	2026		2025
	£		£
Trade debtors	254,656		270,386

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Accruals	3,000		2,900
Other creditors	39,600		56,600
	42,600		59,500

During the year, 170 (2025: 176) Preference shares were redeemed at their nominal value of £100 each for consideration of £17,000 (2025: £17,600).

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
20,000 A ordinary shares of £ 1.00 each	20,000		20,000
24 B ordinary shares of £ 1.00 each	24		24
8 C ordinary shares of £ 1.00 each	8		8
50 D ordinary shares of £ 25.00 each	1,250		1,250
56,708 E ordinary shares of £ 1.00 each	56,708		56,708
	77,990		77,990

Rights, preferences and restrictions

The A, B, C and D ordinary shares all carry the same rights and privileges and rank pari passu in all respects except that on winding up, the B, C and D ordinary shares shall be entitled to receive only a return at par. The holders of A, B, C and D ordinary shares shall be entitled to vote at meetings. In respect of dividends the directors shall not be bound to treat the A, B, C and D ordinary shares in the same manner.

The E ordinary shares have a right to a fixed cumulative preference dividend at the rate of 7% per annum on the capital. On winding up or other return of capital the shareholder is entitled to the amount paid and any arrears on the fixed dividends. The ordinary E shares do not carry an entitlement to vote at meetings.

The redeemable preference shares have a right to a fixed cumulative preference dividend at the rate of 7% per annum on the capital. On winding up or other return of capital the shareholder is entitled to the amount paid and any arrears on the fixed dividends. The right to vote at any meeting of the company carries one vote for each redeemable preference share. The holder of the preference share or the company has the right at any time after the anniversary of the date of allotment to redemption at par.