Company Registration No. 5366585 (England and Wales)
GREY PANTHER MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2019
PAGES FOR FILING WITH REGISTRAR
GREY PANTHER MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GREY PANTHER MANAGEMENT LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2019
28 February 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
186
Investments
4
-
30,000
-
30,186
Current assets
Debtors
5
17,955
17,848
Cash at bank and in hand
12,405
33,302
30,360
51,150
Creditors: amounts falling due within one year
6
(18,446)
(24,533)
Net current assets
11,914
26,617
Total assets less current liabilities
11,914
56,803
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
11,913
56,802
Total equity
11,914
56,803
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 September 2019
Mrs L J A Skuthe-Cook
Director
Company Registration No. 5366585
GREY PANTHER MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2019
- 2 -
1
Accounting policies
Company information
Grey Panther Management Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
11 Half Moon Hill, Haslemere, Surrey, England, GU27 2JW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33% on cost
1.4
Taxation
The tax expense represents the
tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2018 - 1).
GREY PANTHER MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2019
- 3 -
3
Tangible fixed assets
Computers
£
Cost
At 1 March 2018 and 28 February 2019
558
Depreciation and impairment
At 1 March 2018
372
Depreciation charged in the year
186
At 28 February 2019
558
Carrying amount
At 28 February 2019
-
At 28 February 2018
186
4
Fixed asset investments
2019
2018
£
£
Investments
-
30,000
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 March 2018 & 28 February 2019
30,000
Impairment
At 1 March 2018
-
Impairment losses
30,000
At 28 February 2019
30,000
Carrying amount
At 28 February 2019
-
At 28 February 2018
30,000
5
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
17,955
17,848
GREY PANTHER MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2019
5
Debtors
(Continued)
- 4 -
6
Creditors: amounts falling due within one year
2019
2018
£
£
Taxation and social security
11,685
18,847
Other creditors
6,761
5,686
18,446
24,533