Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 May 2022 false 1 January 2023 31 December 2023 31 December 2023 OC360244 Imperium Trust Company (UK) Limited Imperium Advisors Limited Imperium Group Holdings Limited false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC360244 2022-12-31 OC360244 2023-12-31 OC360244 2023-01-01 2023-12-31 OC360244 frs-core:CurrentFinancialInstruments 2023-12-31 OC360244 frs-core:PlantMachinery 2023-12-31 OC360244 frs-core:PlantMachinery 2023-01-01 2023-12-31 OC360244 frs-core:PlantMachinery 2022-12-31 OC360244 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC360244 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC360244 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 OC360244 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC360244 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC360244 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC360244 1 2023-01-01 2023-12-31 OC360244 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC360244 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC360244 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC360244 2022-04-30 OC360244 2022-12-31 OC360244 2022-05-01 2022-12-31 OC360244 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: OC360244
Page Tax Consulting LLP
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: OC360244
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,048 5,413
7,048 5,413
CURRENT ASSETS
Stocks 5 125,250 92,644
Debtors 6 185,499 152,332
Cash at bank and in hand 73,113 38,350
383,862 283,326
Creditors: Amounts Falling Due Within One Year 7 (38,532 ) (141,102 )
NET CURRENT ASSETS (LIABILITIES) 345,330 142,224
TOTAL ASSETS LESS CURRENT LIABILITIES 352,378 147,637
NET ASSETS ATTRIBUTABLE TO MEMBERS 352,378 147,637
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 27,567 27,567
Other amounts 324,811 120,070
352,378 147,637
352,378 147,637
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 352,378 147,637
352,378 147,637
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For the year ending 31 December 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (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 LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Imperium Trust Company (UK) Limited
Designated Member
09/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Page Tax Consulting LLP is a limited liability partnership, incorporated in England & Wales, registered number OC360244 . The Registered Office is Suite E Priory House, 45-51 High Street, Reigate, Surrey, RH2 9AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Pensions
The LLP operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
2.6. Allocation of Profits
A member's share in the profit or loss for the year is accounted for as an allocation of profits.
All profits and losses are allocated for each year by the members as they deem appropriate.
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2.7. Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).
Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.
Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.
Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.
Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position. 
Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.
All amounts due to members that are classified as liabilities are present in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was:
31 December 2023 31 December 2022
Office and administration 4 6
4 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 13,063
Additions 4,117
As at 31 December 2023 17,180
Depreciation
As at 1 January 2023 7,650
Provided during the period 2,482
As at 31 December 2023 10,132
Net Book Value
As at 31 December 2023 7,048
As at 1 January 2023 5,413
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5. Stocks
31 December 2023 31 December 2022
£ £
Work in progress 125,250 92,644
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 118,618 134,340
Prepayments and accrued income 14,005 17,992
Amounts owed by group undertakings 52,876 -
185,499 152,332
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 8,482 18,227
Other loans 875 29,905
Other taxes and social security - 5,236
VAT 24,314 21,453
Other creditors - 759
Accruals and deferred income 4,546 3,000
Amounts owed to group undertakings 315 62,522
38,532 141,102
8. Related Party Transactions
Imperium Tax and Accounting Limited (ITAL Ltd)Owned 100% by Ultimate Group Holding CompanyCosts of £29,356 (2022: £nil) relating to salary oncharges were recharged by ITAL Ltd to Page Tax Consulting LLP in year. A debtor balance of £35,228 (2022: £nil) is shown at the year end.

Imperium Tax and Accounting Limited (ITAL Ltd)

Owned 100% by Ultimate Group Holding Company

Costs of £29,356 (2022: £nil) relating to salary oncharges were recharged by ITAL Ltd to Page Tax Consulting LLP in year. A debtor balance of £35,228 (2022: £nil) is shown at the year end.

Imperium Trust Company (UK) LtdOwns 99% of Page Tax Consulting LLPCosts of £281,231 (2022: £108,041) relating to employee costs, computer software and consumables and sundry expenses were recharged by the holding company to Page Tax Consulting LLP in year. A debtor balance of £17,648 (2022: £61,745 creditor) is shown at the year end.

Imperium Trust Company (UK) Ltd

Owns 99% of Page Tax Consulting LLP

Costs of £281,231 (2022: £108,041) relating to employee costs, computer software and consumables and sundry expenses were recharged by the holding company to Page Tax Consulting LLP in year. A debtor balance of £17,648 (2022: £61,745 creditor) is shown at the year end.

Imperium Group Holdings LimitedUltimate Group Holding CompanyCosts of £6,179 (2022: £776) relating to insurance, computer software and consumables and sundry expenses were recharged by the holding company to Page Tax Consulting LLP in year. A creditor balance of £315 (2022: £776) is shown at the year end.

Imperium Group Holdings Limited

Ultimate Group Holding Company

Costs of £6,179 (2022: £776) relating to insurance, computer software and consumables and sundry expenses were recharged by the holding company to Page Tax Consulting LLP in year. A creditor balance of £315 (2022: £776) is shown at the year end.

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9. Controlling Party
The LLP's ultimate controlling party is Imperium Group Holdings Limited .
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