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REGISTERED NUMBER: OC420320 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

PALAEO7 LLP

PALAEO7 LLP (Registered number: OC420320)






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


PALAEO7 LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Evolution Applied Ltd
Millennia SC Ltd





REGISTERED OFFICE: 8a Wingbury Courtyard
Business Village
Leighton Road
Wingrave
Buckinghamshire
HP22 4LW





REGISTERED NUMBER: OC420320 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

PALAEO7 LLP (Registered number: OC420320)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £   
CURRENT ASSETS
Debtors 4 97,940 116,989
Cash at bank 78 2,724
98,018 119,713
CREDITORS
Amounts falling due within one
year

5

(96,561

)

(115,710

)
NET CURRENT ASSETS 1,457 4,003
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,457

4,003

LOANS AND OTHER DEBTS DUE
TO MEMBERS

6

1,457

4,003

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

6

1,457

4,003
Amounts due from members 4 (1,201 ) -
256 4,003

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.

PALAEO7 LLP (Registered number: OC420320)

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 15 November 2023 and were signed by:




Evolution Applied Ltd - Designated member




Millennia SC Ltd - Designated member


PALAEO7 LLP (Registered number: OC420320)

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

1. STATUTORY INFORMATION

PALAEO7 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.

Turnover
Turnover represents net invoices sales of services, excluding value added tax.

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.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 64,052 97,388
Other debtors 33,888 19,601
97,940 116,989

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 96,516 115,665
Other creditors 45 45
96,561 115,710

6. LOANS AND OTHER DEBTS DUE TO MEMBERS
31/3/23 31/3/22
£    £   
Loans from members 1,457 1,457
Amounts owed to members in respect of profits - 2,546
1,457 4,003

Falling due within one year 1,457 4,003

.