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REGISTERED NUMBER: OC420174 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pareto Property Investments LLP

Pareto Property Investments LLP (Registered number: OC420174)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pareto Property Investments LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: J M Stevenson
Mrs N J Stevenson
A Woolley
M Wilson





REGISTERED OFFICE: The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF





REGISTERED NUMBER: OC420174 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF

Pareto Property Investments LLP (Registered number: OC420174)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,100,000 3,100,000

CURRENT ASSETS
Debtors 5 272,806 183,361
Cash at bank 65,790 685
338,596 184,046
CREDITORS
Amounts falling due within one year 6 327,328 198,037
NET CURRENT ASSETS/(LIABILITIES) 11,268 (13,991 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,111,268

3,086,009

CREDITORS
Amounts falling due after more than one
year

7

1,339,948

1,455,022
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,771,320

1,630,987

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

758,775

618,442

MEMBERS' OTHER INTERESTS
Capital accounts 1,000,000 1,000,000
Revaluation reserve 10 12,545 12,545
1,771,320 1,630,987

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 758,775 618,442
Members' other interests 1,012,545 1,012,545
1,771,320 1,630,987

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 2024.

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.

Pareto Property Investments LLP (Registered number: OC420174)

Balance Sheet - continued
31 March 2024


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 27 November 2024 and were signed by:





J M Stevenson - Designated member

Pareto Property Investments LLP (Registered number: OC420174)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Pareto Property Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,100,000
NET BOOK VALUE
At 31 March 2024 3,100,000
At 31 March 2023 3,100,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 12,545
Cost 3,087,455
3,100,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 129,890 4,872
Other debtors 142,916 178,489
272,806 183,361

Pareto Property Investments LLP (Registered number: OC420174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 115,811 111,968
Trade creditors 143,944 69,794
Taxation and social security - 14,190
Other creditors 67,573 2,085
327,328 198,037

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,339,948 1,455,022

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,339,948 1,455,022

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,455,759 1,566,990

A first legal charge over the leasehold land and buildings at The School House, 5-7 Byrom Street, Manchester, M3 4PF, is held by Lloyds Bank PLC.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members only take drawings where cash is available and the creditors are not adversely affected.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 12,545

11. RELATED PARTY DISCLOSURES

At 31 March 2024 the LLP was owed £129,000 (2023: £114,000) by the designated members..
The loan is interest free and repayable on demand.

At 31 March 2024 the LLP owed £66,045 (2023: £Nil) to Luna Investment Management Services Ltd, a company under common control.
The amount is interest free.

Pareto Property Investments LLP (Registered number: OC420174)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. ULTIMATE CONTROLLING PARTY

The LLP is controlled by Mr J Stevenson and Mrs N Stevenson.