Paynet LLP - Accounts

	Registered number:
	OC398900

	Paynet LLP
	Unaudited Accounts
	for the Year Ended
	31 March 2025

		2025 £		2024 £
Current Assets
Debtors	36,025		36,823
Cash at bank and in hand	81,609		83,410
	117,634		120,233

Creditors falling due within one year	(4,601)		(2,928)

Net Current Assets / (Liabilities)		113,033		117,305

Creditors falling due after more than one year		(714)		(707)

Net Assets Attributable to Members		112,319		116,598

Loans and other debts due to members within one year
Represented by:
Members' capital classified as a liability	12,673	9,656
	12,673	9,656

Members' other interests
.
Members' capital classified as a equity	2	2
Members' other interests - other reserves classified as equity	99,644	106,940
	112,319	116,598

Total members' interests
.
Loans and other debts due to members	12,673	9,656
Members' other interests	99,646	106,942
	112,319	116,598

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The members have not delivered a copy of the LLP's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006 (as applied to 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.

For the year ended 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 financial statements were approved by the members and signed on their behalf by:

.........................................................

Approved by members on 15 December 2025

MS-PROXY SERVICES LTD

Designated Member

Paynet LLP

Registered number: OC398900 (England and Wales)

1.	Accounting Policies
	Basis of preparation These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships". These financial statements reflect the results of the LLP for the year ended 31 March 2025.

Accounting Policies

Basis of preparation

These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

These financial statements reflect the results of the LLP for the year ended 31 March 2025.

	Turnover
	Turnover represents amounts due in respect of legal services provided during the year, net of VAT.

2.	Employees
		2025		2024
	Average number of employees during the period	0		0

3.	Other Information