Pareto Tax & Wealth LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC353221 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Pareto Tax & Wealth LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A Woolley

Mrs R Woolley

REGISTERED OFFICE:

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

REGISTERED NUMBER:

OC353221 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

The Old Schoolhouse

5-7 Byrom Street

Manchester

M3 4PF

FIXED ASSETS

Tangible assets

4

13,063

17,417

CURRENT ASSETS

Debtors

5

362,665

396,043

Cash at bank

38,411

84,175

401,076

480,218

CREDITORS

Amounts falling due within one year

6

125,524

137,457

NET CURRENT ASSETS

275,552

342,761

TOTAL ASSETS LESS CURRENT
LIABILITIES

288,615

360,178

PROVISIONS FOR LIABILITIES

22,845

NET ASSETS ATTRIBUTABLE TO
MEMBERS

265,770

337,333

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

265,770

337,333

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

265,770

337,333

Amounts due from members

5

(356,690

)

(385,298

)

(90,920

)

(47,965

)

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 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 20 November 2025 and were signed by:

A Woolley - Designated member

1.	STATUTORY INFORMATION

Pareto Tax & Wealth 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

158,837

28,686

187,523

DEPRECIATION

At 1 April 2024

141,420

28,686

170,106

Charge for year

4,354

-

4,354

At 31 March 2025

145,774

28,686

174,460

NET BOOK VALUE

At 31 March 2025

13,063

-

13,063

At 31 March 2024

17,417

-

17,417

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

5,975

10,745

Amounts due from members

356,690

385,298

362,665

396,043

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

4,548

9,428

Amounts owed to group undertakings

100,695

108,815

Social security and other taxes

14,406

19,214

Accrued expenses

5,875

-

125,524

137,457

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

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

8.	ULTIMATE CONTROLLING PARTY

The limited liability partnership is controlled by the members.