Pace Business Solutions Limited Liability Partnership

Pace Business Solutions Limited Liability Partnership
Contents Page
For the year ended 31 March 2025

Balance sheet	1
Notes to the financial statements	2

Registered Number: OC311801 Pace Business Solutions Limited Liability Partnership
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	89	176
		89	176
Current assets
Debtors		684	684
Cash at bank and in hand		50	104
		734	788
Net current assets		734	788

Total assets less current liabilities		823	964
Net assets		823	964

Represented by:
Loans and other debts due to members	4	4,054	3,687
Amounts due from members		(3,231)	(2,723)
Members' other interest
		823	964

Total members' interests
Amounts due from members	5	(3,231)	(2,723)
Loans and other debts due to members		4,054	3,687
Members' other interests		-	-
		823	964

For the year ending 31 March 2025 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 LLP has opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account under section 444(1) of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006 (as applied to LLPs).

These accounts were approved by the members and signed on their behalf by:

.............................................................................
MR Gannicott
Designated Member
Date approved by the members: 05 November 2025

1

Pace Business Solutions Limited Liability Partnership
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Pace Business Solutions Limited Liability Partnership is a limited liability partnership, registered in England and Wales, registration number OC311801, registration address Astra House, The Common, Cranleigh, Surrey, GU6 8RZ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

33% Straight Line

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

3.

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 April 2024	262	262
Additions	-	-
Disposals	-	-
At 31 March 2025	262	262
Depreciation
At 01 April 2024	86	86
Charge for year	87	87
On disposals	-	-
At 31 March 2025	173	173
Net book values
Closing balance as at 31 March 2025	89	89
Opening balance as at 01 April 2024	176	176

4.

Members' Interests

	Other reserves	Loans and other debts due to members less any amounts due from members included in debtors	Total

Balance at 01 April 2024	-	964	964
Members' remuneration charged as an expense, including retirement benefit costs	-	(3,231)	(3,231)
Profit for the period available for discretionary division among members	-	-	-
Members' interests after profit for the period	-	(2,267)	(2,267)
Introduced by members	-	7,070	7,070
Repaid to members	-	(3,980)	(3,980)
Balance at 31 March 2025	-	823	823

2

Registered Number: OC311801
England and Wales
Abridged Accounts

for the year ended 31 March 2025
for
PACE BUSINESS SOLUTIONS LIMITED LIABILITY PARTNERSHIP