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REGISTERED NUMBER: OC347362 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Pantiles Financial LLP

Pantiles Financial LLP (Registered number: OC347362)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pantiles Financial LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Hyland Consultants LLP
APT Professional Services LLP





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC347362 (England and Wales)






Pantiles Financial LLP (Registered number: OC347362)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 729,000
Investments 5 - 553,018
- 1,282,018

CURRENT ASSETS
Debtors 6 - 1,500
Cash at bank 2,063 641
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,063

1,284,159

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 109,175 1,391,271
Other reserves (107,112 ) (107,112 )
2,063 1,284,159

TOTAL MEMBERS' INTERESTS
Members' other interests 2,063 1,284,159

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 31 March 2023.

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.

Pantiles Financial LLP (Registered number: OC347362)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 September 2023 and were signed by:





Hyland Consultants LLP - Designated member

Pantiles Financial LLP (Registered number: OC347362)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Pantiles Financial 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.

The functional and presentational currency of the LLP is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Other income

Profit share income from LLP's is recognised on an accruals basis in line with the member LLP's financial statements.

Intangible assets
Intangible assets represent the cost of acquiring customer relationships including customer lists.

In the opinion of the members the customer lists have an active market and that the residual value of the asset will be at least equal to the acquisition cost. Accordingly no amortisation is required.

Intangible assets are reviewed for impairment regularly by the members and in any period in which events or changes in circumstances indicate the carrying value may not be fully recoverable.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 729,000
Disposals (729,000 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 729,000

Pantiles Financial LLP (Registered number: OC347362)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
Pink Consultants LLP - 98
APT Partnership LLP - 244,077
Alan Pink Tax Offices LLP - 308,843
- 553,018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 1,500