REGISTERED NUMBER: OC435993 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Family Office Tax Services LLP

Page

Balance Sheet

1

Notes to the Financial Statements

3

Current assets

Debtors

4

165,594

22,125

Prepayments and accrued income

234,335

274,988

Cash in hand

55,259

20,352

455,188

317,465

Creditors

Amounts falling due within one year

5

(107,636

)

(56,118

)

Net current assets

347,552

261,347

Total assets less current liabilities

and

Net assets attributable to members

347,552

261,347

Loans and other debts due to members

347,552

261,347

Total members' interests

Loans and other debts due to members

347,552

261,347

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 31 December 2025 and were signed by:

P P Day - Designated member

1.	Statutory information

Family Office Tax Services LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC435993

Registered office:

1 Coldbath Square

Farringdon

London

EC1R 5HL

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.	Employee information

The average number of employees during the year was 5 (2024 - 6 ) .

4.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

165,169

21,823

Amounts owed by participating interests

425

302

165,594

22,125

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

23,525

7,362

Taxation and social security

60,012

33,174

Other creditors

24,099

15,582

107,636

56,118

6.	Related party disclosures

At the balance sheet date Family Office Tax Ltd owed the LLP £425 (2024: £302). This amount is interest free and repayable on demand.