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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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Panthera Group Holdings Limited |
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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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for |
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Panthera Group Holdings Limited |
Panthera Group Holdings Limited (Registered number: 06644537) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Statement of Financial Position | 3 |
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Notes to the Financial Statements | 5 |
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Panthera Group Holdings Limited |
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Company Information |
for the Year Ended 31 March 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Endeavour House |
78 Stafford Road |
Wallington |
Surrey |
SM6 9AY |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Panthera Group Holdings Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Panthera Group Holdings Limited for the year ended 31 March 2022 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Panthera Group Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 9 March 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Panthera Group Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Panthera Group Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Panthera Group Holdings Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Panthera Group Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Panthera Group Holdings Limited. You consider that Panthera Group Holdings Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Panthera Group Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Endeavour House |
78 Stafford Road |
Wallington |
Surrey |
SM6 9AY |
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Panthera Group Holdings Limited (Registered number: 06644537) |
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Statement of Financial Position |
31 March 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 | 213 | 200 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 10 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company. |
Panthera Group Holdings Limited (Registered number: 06644537) |
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Statement of Financial Position - continued |
31 March 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Panthera Group Holdings Limited (Registered number: 06644537) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
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1. | STATUTORY INFORMATION |
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Panthera Group Holdings Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed in particular the impact of the COVID-19 pandemic and have concluded that it remains appropriate to prepare these financial statements on a going concern basis. |
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Preparation of consolidated financial statements |
The financial statements contain information about Panthera Group Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Tangible fixed assets |
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Freehold property | - |
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Freehold property is included at fair value based on prevailing market conditions. Gains and losses are recognised in other comprehensive income and accumulated in equity, unless a loss exceeds a previous gain in which case this will be included in profit and loss. |
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Deferred taxation is provided on these gains at the future tax rate expected to apply when the property may be sold. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
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Panthera Group Holdings Limited (Registered number: 06644537) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Freehold |
property |
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COST OR VALUATION |
Additions |
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Revaluations |
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At 31 March 2022 |
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DEPRECIATION |
Charge for year |
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At 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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Included in cost or valuation of land and buildings is freehold land of £ 1,454,970 which is not depreciated. |
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The freehold property was transferred from Panthera Group Limited on 19th August 2021 on a no gain no loss basis. The property has subsequently been revalued. |
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Cost or valuation at 31 March 2022 is represented by: |
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Freehold |
property |
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Valuation in 2022 | 449,549 |
Cost | 1,980,451 |
2,430,000 |
Panthera Group Holdings Limited (Registered number: 06644537) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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4. | PROPERTY, PLANT AND EQUIPMENT - continued |
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An independent property valuation was carried out by Stiles Harold Williams Partnership LLP on 6 July 2020 which valued the property at £2,325,000. The directors have considered the valuation at 31 March 2022 based on the market value of similar properties in the area and consider a valuation of £2,430,000 to be an appropriate fair value at the balance sheet date. |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 April 2021 |
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Additions |
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At 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 March 2021 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
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Amounts owed to group undertakings |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2022 | 2021 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Panthera Group Holdings Limited (Registered number: 06644537) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
2022 | 2021 |
£ | £ |
Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 983,111 | - |
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9. | SECURED DEBTS |
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HSBC Bank plc hold a debenture dated 20 April 2020 securing all present and future liabilities to the bank by way of a fixed and floating charge over all of the assets of the company. HSBC Bank plc also hold a legal charge by way of a mortgage dated 19 August 2021 over the freehold property. |
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10. | RESERVES |
Revaluation |
reserve |
£ |
Revaluation | 364,135 |
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At 31 March 2022 |
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11. | RELATED PARTY DISCLOSURES |
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The company is the parent company of Panthera Group Limited and Panthera Security Limited. Mr N James and Mr R James, who are directors of the company, are also directors of Panthera Group Limited and Panthera Security Limited. |
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During the period under review the company received dividends of £79,535 (2021: £78,620) from Panthera Group Limited. |
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At the balance sheet date, the amounts outstanding were as follows: |
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2022 | 2021 |
Due from | Due to | Due from | Due to |
£ | £ | £ | £ |
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Panthera Group Limited | - | 764,018 | 125 | - |
Panthera Security Limited | - | 100 | - | 100 |
- | 764,118 | 125 | 100 |
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12. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the directors. |