REGISTERED NUMBER: OC305181 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

taxspecialEFX (Peterlee) LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

C J French

P Nichols

REGISTERED OFFICE:

Hillcrest

22 Church Street

Blakesley

Towcester

Northamptonshire

NN12 8RA

REGISTERED NUMBER:

OC305181 (England and Wales)

ACCOUNTANTS:

BFN Accounts & Tax Limited

Hillcrest

22 Church Street

Blakesley

Towcester

Northamptonshire

NN12 8RA

FIXED ASSETS

Tangible assets

4

-

425,000

CURRENT ASSETS

Debtors

5

270,621

163,008

Cash at bank

723

49

271,344

163,057

CREDITORS

Amounts falling due within one year

6

(54,729

)

29,577

NET CURRENT ASSETS

326,073

133,480

TOTAL ASSETS LESS CURRENT LIABILITIES

326,073

558,480

CREDITORS

Amounts falling due after more than one year

7

-

153,059

NET ASSETS ATTRIBUTABLE TO MEMBERS

326,073

405,421

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

-

8,371

MEMBERS' OTHER INTERESTS

Capital accounts

326,073

326,073

Revaluation reserve

9

-

70,977

326,073

405,421

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

-

8,371

Members' other interests

326,073

397,050

Amounts due from members

5

(220,621

)

(156,908

)

105,452

248,513

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 2 December 2025 and were signed by:

C J French - Designated member

1.	STATUTORY INFORMATION

taxspecialEFX (Peterlee) 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

Going concern

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.

The accounts have been prepared on the going concern basis.

Although the partners do not foresee any uncertainties arising within the next 12 months, they, along with the groups, have committed to support the business should difficulties arise.

Tangible fixed assets

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

Land and buildings

-

not provided

3.	EMPLOYEE INFORMATION

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2024

425,000

Disposals

(425,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

425,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

50,000

6,100

Other debtors

220,621

156,908

270,621

163,008

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

-

1,200

Other creditors

(54,729

)

28,377

(54,729

)

29,577

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

-

153,059

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Shares of profits shall not be drawn out unless there are surplus funds available after providing for all anticipated future liabilities that may have become payable in respect of the LLP's business activities carried on in the current financial year, and any other such balances that have agreed to be left in the LLP by the members.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

70,977

Disposal

(70,977

)

At 31 March 2025

-

10.	RELATED PARTY DISCLOSURES

Included in other Debtors is a balance as at the year end of £Nil (2024: £62,800 due to) due from taxspecial EFX LLP, an LLP with designated members in common.

The company invoiced Valhalla Private Client Services LLP £6,000 (2024: £24,000) in respect of rent. At the balance sheet date £Nil (2024: £6,100) was owed by Valhalla Private Client Services LLP.

Include in other debtors is £56,229 due from former partner Mr J J Fields as at the year end.

11.	ULTIMATE CONTROLLING PARTY

The LLP is controlled by its designated members.