REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 30 November 2020 |
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for |
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Panthera Ventures Ltd |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 30 November 2020 |
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for |
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Panthera Ventures Ltd |
Panthera Ventures Ltd (Registered number: 11694847) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Panthera Ventures Ltd |
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Company Information |
for the Year Ended 30 November 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
28 Church Road |
Stanmore |
Middlesex |
HA7 4XR |
Panthera Ventures Ltd (Registered number: 11694847) |
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Balance Sheet |
30 November 2020 |
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2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Panthera Ventures Ltd (Registered number: 11694847) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2020 |
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1. | STATUTORY INFORMATION |
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Panthera Ventures Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes.Income is recognised when the service is provided. |
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The financial statements have been prepared under the historical cost convention. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Panthera Ventures Ltd (Registered number: 11694847) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2020 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 December 2019 |
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Additions |
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At 30 November 2020 |
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DEPRECIATION |
At 1 December 2019 |
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Charge for year |
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At 30 November 2020 |
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NET BOOK VALUE |
At 30 November 2020 |
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At 30 November 2019 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary shares | £1 | 2 | 2 |
Panthera Ventures Ltd (Registered number: 11694847) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2020 |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Included within other creditors at the year end is an amount of £4,479 (2019: £38,484) due to the director N Bahel. Interest of £1,493 (2019: £61) was charged on the overdrawn balance at a rate of 2.25% (2.5% up until May 2020) whilst the account was overdrawn. |
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The following aggregate amounts were advanced to the director during the year and were considered material: |
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Feb-20 | £27,168 |
Mar-20 | £23,944 |
Apr-20 | £42,955 |
May-20 | £49,466 |
Jun-20 | £55,976 |
July-20 | £87,986 |
Aug-20 | £103,497 |
Sep-20 | £150,007 |
Oct-20 | £165,018 |
Nov-20 | £184,029 |
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There have been no other advances which individually were considered material and no other individual advances exceeding £10,000 to the director during the year under review. |
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9. | RELATED PARTY DISCLOSURES |
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During the year, dividends of £190,000 (2019: £55,000) were declared and paid to the shareholders. |