B&P Tax Legal Finance LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC404310 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

B&P TAX LEGAL FINANCE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A Belluzzo

A G Castagnetti

REGISTERED OFFICE:

38 Craven Street

London

WC2N 5NG

REGISTERED NUMBER:

OC404310 (England and Wales)

ACCOUNTANTS:

B&P Tax Legal Finance LLP

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

5,721

1,392

5,721

1,392

CURRENT ASSETS

Debtors

6

1,040,974

1,268,520

Cash at bank

55,290

48,003

1,096,264

1,316,523

CREDITORS

Amounts falling due within one year

7

(524,356

)

(736,141

)

NET CURRENT ASSETS

571,908

580,382

TOTAL ASSETS LESS CURRENT
LIABILITIES

577,629

581,774

CREDITORS

Amounts falling due after more than one
year

8

-

(20,000

)

NET ASSETS ATTRIBUTABLE TO
MEMBERS

577,629

561,774

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

27,629

11,774

MEMBERS' OTHER INTERESTS

Capital accounts

550,000

577,629

561,774

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

27,629

11,774

Members' other interests

550,000

577,629

561,774

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 2026.

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 12 October 2026 and were signed by:

A G Castagnetti - Designated member

A Belluzzo - Designated member

1.	STATUTORY INFORMATION

B&P Tax Legal Finance 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 is measured at the fair value of consideration receivable for services rendered during the year, including work in progress up to the balance sheet date, excluding Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of seven years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

life.

Fixtures & Fittings- 15% SLM

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 9 (2025 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

245,000

AMORTISATION

At 1 April 2025

and 31 March 2026

245,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2025

-

1,999

Additions

5,389

-

5,389

At 31 March 2026

5,389

1,999

7,388

DEPRECIATION

At 1 April 2025

-

607

Charge for year

761

299

1,060

At 31 March 2026

761

906

1,667

NET BOOK VALUE

At 31 March 2026

4,628

1,093

5,721

At 31 March 2025

-

1,392

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

10,718

951,749

Other debtors

1,030,256

316,771

1,040,974

1,268,520

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

39,851

84,861

Trade creditors

334,541

406,572

Taxation and social security

73,623

69,462

Other creditors

76,341

175,246

524,356

736,141

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

-

20,000

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with other creditors.

10.	RELATED PARTY DISCLOSURES

Included within other debtors are balances due from the following entities which are connected with Mr Alessandro Belluzzo:

Trust & Wealth Limited £6,070 (2025:£6,070);

Also included within other debtors is an amount from to B International Limited, a company connected with both Mr Alessandro Belluzzo and Mr Luigi Belluzzo, amounting to £313,994 (2025: £281,058).