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Registered number:
OC398900
Paynet LLP
Unaudited Accounts
for the Year Ended
31 March 2023


Paynet LLP
Balance Sheet
as at 31 March 2023

Notes 2023
£
2022
£
Current Assets
Debtors 37,875 36,451
Cash at bank and in hand 85,821 82,637
123,696 119,088
Creditors falling due within one year (528) (3,675)
Net Current Assets / (Liabilities) 123,168 115,413
Creditors falling due after more than one year (703) (654)
Net Assets Attributable to Members 122,465 114,759
Represented by:
Loans and other debts due to members within one year
Members' capital classified as a liability 6,851 85
6,851 85
.
Members' other interests
Members' capital classified as a equity 2 2
Members' other interests - other reserves classified as equity 115,612 114,672
122,465 114,759
.
Total members' interests
Loans and other debts due to members 6,851 85
Members' other interests 115,614 114,674
122,465 114,759

Paynet LLP
Balance Sheet
as at 31 March 2023



These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The members have not delivered a copy of the LLP's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006 (as applied to LLPs).

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

For the year ended 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The financial statements were approved by the members and signed on their behalf by:



.........................................................


Approved by members on 2 April 2024


MS-PROXY SERVICES LTD

Designated Member

Paynet LLP

Registered number: OC398900 (England and Wales)


Paynet LLP
Notes to the Accounts
for the year ended 31 March 2023

1. Accounting Policies

Basis of preparation

These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

These financial statements reflect the results of the LLP for the year ended 31 March 2023.

Turnover

Turnover represents amounts due in respect of legal services provided during the year, net of VAT.
2. Employees
2023 2022
Average number of employees during the period 0 0

3. Other Information

The managers of the company did not receive any form of remuneration or emoluments during this period.