Panthera Private Office LLP - LLP accounts 24.3

REGISTERED NUMBER: OC343083 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31st March 2026

for

PANTHERA PRIVATE OFFICE LLP

Page

General Information

1

Report of the Members

2

Statement of Comprehensive Income

3

Statement of Financial Position

4

Reconciliation of Members' Interests

6

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

S J Russell

St. James's Place Acquisition Services Limited

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

OC343083 (England and Wales)

ACCOUNTANTS:

TC Group

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

The members present their report with the financial statements of the LLP for the year ended 31st March 2026.

PRINCIPAL ACTIVITIES

The principal activities of the LLP in the year under review were those of providing FCA-regulated investment and corporate finance advice, together with administrative and other services.

DESIGNATED MEMBERS

The designated members during the year under review were:

S J Russell

St. James's Place Acquisition Services Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £713,791 (2025 - £833,099 profit).

MEMBERS' INTERESTS

Shares in the LLP shall be acquired in the proportion of the equity capital contributions (net of drawings) made by any member. Under the terms of the partnership agreement capital contributions may not be repaid unless certain stipulations are met.

Non-capital amounts may be introduced or withdrawn as loans at the agreement of the members.

The designated members may not call for the members to contribute any further capital in the event of the insolvency of the LLP.

There have been no transfers between equity and debt during the period (31.3.25 - none).

CHARITABLE DONATIONS AND EXPENDITURE

No donations were made to political parties in the period.

ON BEHALF OF THE MEMBERS:

S J Russell - Designated member

30th September 2026

REVENUE

2,668,497

2,587,936

Cost of sales

(118,467

)

(121,978

)

GROSS PROFIT

2,550,030

2,465,958

Administrative expenses

(2,193,466

)

(2,053,642

)

OPERATING PROFIT

4

356,564

412,316

Income from shares in group undertakings

357,227

420,783

PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES

713,791

833,099

PROFIT FOR THE FINANCIAL YEAR BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES

713,791

833,099

Members' remuneration charged as an
expense

5

(897,337

)

(650,603

)

(LOSS)/PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS

(183,546

)

182,496

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

(183,546

)

182,496

FIXED ASSETS

Property, plant and equipment

6

28,898

51,546

Investments

7

2,254

31,152

53,800

CURRENT ASSETS

Debtors

8

311,579

417,009

Cash at bank

283,829

380,318

595,408

797,327

CREDITORS

Amounts falling due within one year

9

389,355

430,102

NET CURRENT ASSETS

206,053

367,225

TOTAL ASSETS LESS CURRENT LIABILITIES

237,205

421,025

PROVISIONS FOR LIABILITIES

20,000

NET ASSETS ATTRIBUTABLE TO MEMBERS

217,205

401,025

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,701,900

1,702,174

MEMBERS' OTHER INTERESTS

Capital accounts

41,000

Other reserves

(1,525,695

)

(1,342,149

)

217,205

401,025

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

10

1,701,900

1,702,174

Members' other interests

(1,484,695

)

(1,301,149

)

217,205

401,025

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 30th September 2026 and were signed by:

S J Russell - Designated member

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

Balance at 1st April 2025

41,000

(1,342,149

)

(1,301,149

)

Members' remuneration charged as an expense,
including employment and retirement benefit costs

-

Loss for the financial year available for
discretionary division among members

-

(183,546

)

(183,546

)

Members' interests after loss for the year

41,000

(1,525,695

)

(1,484,695

)

Repayments of debt (including members' capital
classified as a liability)

-

Drawings on account and distributions of profit

-

Balance at 31st March 2026

41,000

(1,525,695

)

(1,484,695

)

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

1,702,174

Amount due from members

-

Balance at 1st April 2025

1,702,174

401,025

Members' remuneration charged as an expense,
including employment and retirement benefit costs

897,337

Loss for the financial year available for
discretionary division among members

-

(183,546

)

Members' interests after loss for the year

2,599,511

1,114,816

Repayments of debt (including members' capital
classified as a liability)

(274

)

(274

)

Drawings on account and distributions of profit

(897,337

)

(897,337

)

Amount due to members

1,701,900

Amount due from members

-

Balance at 31st March 2026

1,701,900

217,205

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

Balance at 1st April 2024

41,000

(1,524,645

)

(1,483,645

)

Members' remuneration charged as an expense,
including employment and retirement benefit costs

-

Profit for the financial year available for
discretionary division among members

-

182,496

Members' interests after profit for the year

41,000

(1,342,149

)

(1,301,149

)

Introduced by members

-

Repayments of debt (including members' capital
classified as a liability)

-

Drawings on account and distributions of profit

-

Balance at 31st March 2025

41,000

(1,342,149

)

(1,301,149

)

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

1,603,799

Amount due from members

-

Balance at 1st April 2024

1,603,799

120,154

Members' remuneration charged as an expense,
including employment and retirement benefit costs

650,603

Profit for the financial year available for
discretionary division among members

-

182,496

Members' interests after profit for the year

2,254,402

953,253

Introduced by members

105,612

Repayments of debt (including members' capital
classified as a liability)

(7,237

)

(7,237

)

Drawings on account and distributions of profit

(650,603

)

(650,603

)

Amount due to members

1,702,174

Amount due from members

-

Balance at 31st March 2025

1,702,174

401,025

1.	STATUTORY INFORMATION

Panthera Private Office LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Panthera Private Office LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

The financial statements contain information about Panthera Private Office LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 399 (2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements because the LLP is subject to the small companies regime.

Critical accounting judgements and key sources of estimation uncertainty

In preparing these financial statements, the members have had to make the following judgements:

Property, plant & equipment

Items of property, plant & equipment are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on the number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Accrued and deferred income

Income is periodic in nature and contracts are assessed at the date of the Statement of Financial Position to determine whether adjustment needs to be made either for amounts that have been invoiced in respect of future periods or for periods where services have been rendered where an invoice has not yet been raised.

Turnover

Revenue is measured at the fair value of the consideration received or receivable for services performed during the accounting period, excluding discounts, rebates, value added tax or other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the lease

Improvements to property

-

in accordance with the lease

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Financial instruments

The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Where financial assets are found to be impaired, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate of their fair value, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Having considered a period of at least 12 months from the date of approval of these financial statements, the members have a reasonable expectation that the LLP will continue to have adequate resources to continue in operational existence in the foreseeable future and consequently have adopted the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 13 (2025 - 11 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.26

31.3.25

£

Depreciation - owned assets

22,648

21,241

5.	INFORMATION IN RELATION TO MEMBERS

31.3.26

31.3.25

£

Members' remuneration charged as an expense

Partners' salaries

897,337

650,603

6.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

Short

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

COST

At 1st April 2025

and 31st March 2026

15,588

189,911

71,411

52,219

329,129

DEPRECIATION

At 1st April 2025

14,610

175,606

71,411

15,956

277,583

Charge for year

335

4,904

-

17,409

22,648

At 31st March 2026

14,945

180,510

71,411

33,365

300,231

NET BOOK VALUE

At 31st March 2026

643

9,401

-

18,854

28,898

At 31st March 2025

978

14,305

-

36,263

51,546

7.	FIXED ASSET INVESTMENTS

Loans to

group

undertakings

£

At 1st April 2025

and 31st March 2026

2,254

The LLP is a member of two subsidiary LLPs.

Name

Country of Incorporation

Voting
Rights

Principal Activity

Panthera Finance LLP

England and Wales

66.67%

Mortgage broking

Panthera Tax LLP

England and Wales

66.67%

Tax advisory services

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

131,675

250,206

Prepayments

124,869

107,846

Accrued income

55,035

58,957

311,579

417,009

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Payments on account

5,000

52,104

Trade creditors

172,722

87,677

VAT

51,253

55,539

Other creditors

24,628

34,622

Deferred income

79,585

96,667

Accrued expenses

56,167

103,493

389,355

430,102

10.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans due to members are subordinated to unsecured creditors. Other debts due to members rank pari passu with unsecured creditors. No protection is offered by members to creditors in excess of capital or loans already contributed to the LLP.