6 April 2023 false No description of principal activity Taxfiler 2024.5 OC333081business:LimitedLiabilityPartnershipLLP2023-04-062024-04-05 OC3330812023-04-05 OC3330812023-04-062024-04-05 OC333081business:AuditExemptWithAccountantsReport2023-04-062024-04-05 OC333081business:FullAccounts2023-04-062024-04-05 OC3330812024-04-05 OC333081business:PartnerLLP12023-04-062024-04-05 OC333081business:PartnerLLP22023-04-062024-04-05 OC333081business:PartnerLLP32023-04-062024-04-05 OC333081business:RegisteredOffice2023-04-062024-04-05 OC3330812023-04-05 OC333081core:WithinOneYear2024-04-05 OC333081core:WithinOneYear2023-04-05 OC333081core:AfterOneYear2024-04-05 OC333081core:AfterOneYear2023-04-05 OC333081core:RetainedEarningsAccumulatedLosses2024-04-05 OC333081core:RetainedEarningsAccumulatedLosses2023-04-05 OC333081business:SmallEntities2023-04-062024-04-05 OC333081countries:EnglandWales2023-04-062024-04-05 OC333081core:LandBuildings2023-04-05 OC333081core:PlantMachinery2023-04-05 OC333081core:LandBuildings2024-04-05 OC333081core:PlantMachinery2024-04-05 OC3330812022-04-062023-04-05 iso4217:GBP xbrli:pure
Registered No. OC333081 (England and Wales)
PAX1 LLP Unaudited accounts for the year ended 5 April 2024
PAX1 LLP LLP Information for the year ended 5 April 2024
Designated members
O Onah
PAX1 Mercantile Ltd
Royal Ezeti Settlement Trust
Registered Number
OC333081 (England and Wales)
Registered Office
20 BOSTON COURT HAYWARDS HEATH RH16 3PY ENGLAND
Accountants
Tarpon Limited 132-134 Great Ancoats Street Manchester M4 6DE
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PAX1 LLP Statement of financial position as at 5 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
857,580 
857,580 
Creditors: amounts falling due within one year
(38,342)
(35,027)
Net current liabilities
(38,342)
(35,027)
Total assets less current liabilities
819,238 
822,553 
Creditors: amounts falling due after more than one year
(858,076)
(858,076)
Net liabilities attributable to members
(38,838)
(35,523)
Represented by:
Loans and other debts due to members
(30,374)
(30,374)
Members' other interests
Other reserves
(8,464)
(5,149)
(38,838)
(35,523)
Total members' interests
Loans and other debts due to members
(30,374)
(30,374)
Members' other interests
(8,464)
(5,149)
(38,838)
(35,523)
For the year ending 5 April 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 16 August 2024.
O Onah Designated member Limited Liability Partnership Registration No. OC333081
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PAX1 LLP Notes to the Accounts for the year ended 5 April 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
2
Statutory information
PAX1 LLP is a limited liability partnership, incorporated in England and Wales, registration number OC333081. Its registered office is 20 BOSTON COURT, HAYWARDS HEATH, RH16 3PY, ENGLAND.
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 6 April 2023
857,580 
10,846 
868,426 
At 5 April 2024
857,580 
10,846 
868,426 
Depreciation
At 6 April 2023
- 
10,846 
10,846 
At 5 April 2024
- 
10,846 
10,846 
Net book value
At 5 April 2024
857,580 
- 
857,580 
At 5 April 2023
857,580 
- 
857,580 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
38,092 
34,777 
Accruals
250 
250 
38,342 
35,027 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
858,076 
858,076 
6
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
(30,374)
(30,374)
Amounts falling due within one year
(30,374)
(30,374)
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PAX1 LLP Notes to the Accounts for the year ended 5 April 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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