IRIS Accounts Production v25.3.0.601 OC429408 designated member 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC429408 2024-03-31 OC429408 2025-03-31 OC429408 2024-04-01 2025-03-31 OC429408 2023-03-31 OC429408 2023-04-01 2024-03-31 OC429408 2024-03-31 OC429408 ns15:EnglandWales 2024-04-01 2025-03-31 OC429408 ns14:PoundSterling 2024-04-01 2025-03-31 OC429408 ns10:PartnerLLP1 2024-04-01 2025-03-31 OC429408 ns10:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC429408 ns10:SmallEntities 2024-04-01 2025-03-31 OC429408 ns10:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC429408 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC429408 ns10:LimitedLiabilityPartnershipsSORP 2024-04-01 2025-03-31 OC429408 ns10:FullAccounts 2024-04-01 2025-03-31 OC429408 ns10:RegisteredOffice 2024-04-01 2025-03-31 OC429408 ns5:CurrentFinancialInstruments 2025-03-31 OC429408 ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: OC429408 (England and Wales)

| PASULO 2 LLP |

| REPORT OF THE MEMBERS AND |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

| PASULO 2 LLP (REGISTERED NUMBER: OC429408) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Income Statement | 4 |

| Statement of Financial Position | 5 |

| Notes to the Financial Statements | 6 |

| PASULO 2 LLP |

GENERAL INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DESIGNATED MEMBERS: | Mrs C P Ellis

| C Higson

| REGISTERED OFFICE: | 17 Campdale Road

| London

| United Kingdom

| N7 0EB

| REGISTERED NUMBER: | OC429408 (England and Wales)

| ACCOUNTANTS: | Christiansons Ltd

| Chartered Certified Accountants

| Sterling House

| Fulbourne Road

| Walthamstow

| London

| E17 4EE

| PASULO 2 LLP (REGISTERED NUMBER: OC429408) |

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 31 MARCH 2025

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of holding investment property.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs C P Ellis

C Higson

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £61,415 (2024 - £628 loss).

MEMBERS' INTERESTS

The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at ''par'', so he retiring members are repaid their capital at ''par''.

STATEMENT OF MEMBERS' RESPONSIBILITIES

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

| PASULO 2 LLP (REGISTERED NUMBER: OC429408) |

REPORT OF THE MEMBERS

FOR THE YEAR ENDED 31 MARCH 2025

The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website.

ON BEHALF OF THE MEMBERS:

Mrs C P Ellis - Designated member

7 October 2025

| PASULO 2 LLP (REGISTERED NUMBER: OC429408) |

INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

| 31.3.25 |  | 31.3.24

£ | £ |

TURNOVER | - |  | - |  |

Administrative expenses | 61,415 |  | 2,151 |  |

(61,415 | ) | (2,151 | ) |

Other operating income | - |  | 1,523 |  |

OPERATING LOSS and |

LOSS FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | (61,415 | ) | (628 | ) |

| PASULO 2 LLP (REGISTERED NUMBER: OC429408) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 1,311,832 |  | 1,079,219 |  |

CURRENT ASSETS

Cash at bank | - |  | 36,240 |  |

CREDITORS

Amounts falling due within one year | 5 | 17,634 |  | 1,740 |  |

NET CURRENT (LIABILITIES)/ASSETS | (17,634 | ) | 34,500 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,294,198 |  | 1,113,719 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 6 | 1,294,198 |  | 1,113,719 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 6 | 1,294,198 |  | 1,113,719 |  |

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 2025.

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.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 7 October 2025 and were signed by:

Mrs C P Ellis - Designated member

| PASULO 2 LLP (REGISTERED NUMBER: OC429408) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Pasulo 2 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.

| 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.

| Members' participation rights

| 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 Standards applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnership'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2024 - NIL).

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 1,079,219 |  |

| Additions | 232,613 |  |

| At 31 March 2025 | 1,311,832 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,311,832 |  |

| At 31 March 2024 | 1,079,219 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 7,030 |  | - |  |

| Other creditors | 10,604 |  | 1,740 |  |

17,634 |  | 1,740 |  |

6. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| In the event of winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.