Pareto Tax & Wealth (Compliance) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07254128 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Pareto Tax & Wealth (Compliance) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Woolley

REGISTERED OFFICE:

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

REGISTERED NUMBER:

07254128 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

47,239

62,425

47,239

62,425

CURRENT ASSETS

Debtors

6

124,835

133,464

Cash at bank

163,515

577,861

288,350

711,325

CREDITORS

Amounts falling due within one year

7

129,136

458,754

NET CURRENT ASSETS

159,214

252,571

TOTAL ASSETS LESS CURRENT
LIABILITIES

206,453

314,996

PROVISIONS FOR LIABILITIES

11,810

15,606

NET ASSETS

194,643

299,390

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

194,543

299,290

SHAREHOLDERS' FUNDS

194,643

299,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2025 and were signed by:

A Woolley - Director

1.	STATUTORY INFORMATION

Pareto Tax & Wealth (Compliance) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

550,000

AMORTISATION

At 1 April 2024

and 31 March 2025

550,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

2,700

186,460

4,607

193,767

Additions

-

628

At 31 March 2025

2,700

186,460

5,235

194,395

DEPRECIATION

At 1 April 2024

2,059

124,676

4,607

131,342

Charge for year

161

15,446

207

15,814

At 31 March 2025

2,220

140,122

4,814

147,156

NET BOOK VALUE

At 31 March 2025

480

46,338

421

47,239

At 31 March 2024

641

61,784

-

62,425

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

46,992

57,101

Amounts due from related

undertakings

77,843

76,363

124,835

133,464

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

6,992

4,931

Tax

68,610

77,058

Social security and other taxes

1,421

2,313

VAT

43,650

49,031

Other creditors

-

1,445

Amounts due to related undertaking

-

300,000

Directors' current accounts

1,088

22,476

Accrued expenses

7,375

1,500

129,136

458,754

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31st March 2025, £1,088 (2024: £22,476) was due to A Woolley. The balance is interest free and was repaid within 9 months of the year-end.

9.	RELATED PARTY DISCLOSURES

At 31st March 2025 £76,297 (2024: £74,817) was due from Pareto Tax & Wealth LLP, a business in which A Woolley holds an interest.

At 31st March 2025 £1,546 (2024: £1,546) was due from The Big Red Property Company Limited, a business in which A Woolley holds an interest.

At 31st March 2025 £Nil (2024: £300,000) was due to Geohan Limited, the ultimate parent company.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by Geohan Limited.