taxspecialEFX LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC358126 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

taxspecialEFX LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

C J French

P Nichols

REGISTERED OFFICE:

Hillcrest

22 Church Street

Blakesley

Towcester

Northamptonshire

NN12 8RA

REGISTERED NUMBER:

OC358126 (England and Wales)

CURRENT ASSETS

Debtors

4

282,126

343,726

Cash at bank

638

166

282,764

343,892

CREDITORS

Amounts falling due within one year

5

5,827

8,313

NET CURRENT ASSETS

276,937

335,579

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

276,937

335,579

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

276,937

335,579

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

276,937

335,579

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 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.

Going Concern

The accounts have been prepared on the going concern basis.

Although the directors 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

282,126

343,726

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

1,098

-

Other creditors

4,729

8,313

5,827

8,313

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

Amounts owed to members in respect of profits

276,937

335,579

Falling due within one year

276,937

335,579

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

7.	RELATED PARTY DISCLOSURES

Valhalla Private Client Services LLP

Included in Debtors is a balance due to this LLP of £82,484 (2024: £83,400).

The amount owing is interest free and with no specific terms of repayment.

This LLP has designated members in common.

taxspecialEFX (Peterlee) LLP

Included in other debtors is a balance as at the year end of £Nil (2024: £62,800 due from) due to this LLP, which has designated members in common.

Cobalt 30 Limited

Included in other debtors is £128,224 (2024: £128,224) due from this Company, in which designated members of this LLP, are directors of this Company. The amount is interest free and with no specific terms of repayment.

EIS Marketing Ltd

Included in other debtors is £142,694 (2024: £142,194) due from this Company, in which designated members of this LLP, are directors of this Company. The amount is subject to interest at 6%per annum and repayable within 12 months.