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REGISTERED NUMBER: OC355360 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pareto Properties LLP

Pareto Properties LLP (Registered number: OC355360)






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 Properties LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: J M Stevenson
G M Chantry
A Woolley





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





REGISTERED NUMBER: OC355360 (England and Wales)






Pareto Properties LLP (Registered number: OC355360)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,350,000 1,325,000

CURRENT ASSETS
Debtors 5 386,612 394,529
Cash at bank 23,826 10,076
410,438 404,605
CREDITORS
Amounts falling due within one year 6 695,639 12,860
NET CURRENT (LIABILITIES)/ASSETS (285,201 ) 391,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,064,799

1,716,745

CREDITORS
Amounts falling due after more than one
year

7

-

659,205
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,064,799

1,057,540

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

189,442

207,183

MEMBERS' OTHER INTERESTS
Capital accounts 191,930 191,930
Revaluation reserve 10 683,427 658,427
1,064,799 1,057,540

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 189,442 207,183
Members' other interests 875,357 850,357
1,064,799 1,057,540

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 Properties LLP (Registered number: OC355360)

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 Properties LLP (Registered number: OC355360)

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

1. STATUTORY INFORMATION

Pareto Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,325,000 58,745 1,383,745
Revaluations 25,000 - 25,000
At 31 March 2024 1,350,000 58,745 1,408,745
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 58,745 58,745
NET BOOK VALUE
At 31 March 2024 1,350,000 - 1,350,000
At 31 March 2023 1,325,000 - 1,325,000

Pareto Properties LLP (Registered number: OC355360)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 658,427 - 658,427
Valuation in 2024 25,000 - 25,000
Cost 666,573 58,745 725,318
1,350,000 58,745 1,408,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 18,343 21,972
Other debtors 368,269 372,557
386,612 394,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 675,685 -
Trade creditors 361 223
Other creditors 19,593 12,637
695,639 12,860

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 659,205

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 675,685 659,205

The bank loan is secured against the Freehold property and the assets of the LLP.

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

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

Pareto Properties LLP (Registered number: OC355360)

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

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 658,427
Revaluation reserve 25,000
At 31 March 2024 683,427

11. RELATED PARTY DISCLOSURES

At 31 March 2024 the LLP was owed £53,000 (2023:£59,000) by Jaws Property Investments LLP, an LLP under common control.
The amount is interest free.

At 31 March 2024 the LLP was owed £313,000 (2023:£313,000) by J Stevenson, designated member.
The amount is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The LLP is controlled by the members.