1040 Tax LLP

1040 Tax LLP

1040 TAX LLP - Company Information

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1 January 2021 false No description of principal activity Taxfiler 2022.8.3 OC417330business:LimitedLiabilityPartnershipLLP2021-01-012021-12-31 OC4173302020-12-31 OC4173302021-01-012021-12-31 OC417330business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 OC417330business:FullAccounts2021-01-012021-12-31 OC4173302021-12-31 OC4173302020-12-31 OC417330core:AfterOneYear2021-12-31 OC417330core:AfterOneYear2020-12-31 OC417330core:RetainedEarningsAccumulatedLosses2021-12-31 OC417330core:RetainedEarningsAccumulatedLosses2020-12-31 OC417330business:SmallEntities2021-01-012021-12-31 OC417330business:PartnerLLP12021-01-012021-12-31 OC417330countries:EnglandWales2021-01-012021-12-31 OC417330business:RegisteredOffice2021-01-012021-12-31 OC4173302020-01-012020-12-31 iso4217:GBP xbrli:pure
Registered No. OC417330 (England and Wales)
1040 Tax LLP Unaudited accounts for the year ended 31 December 2021
1040 Tax LLP Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
427,848 
208,748 
Cash at bank and in hand
41,917 
41,692 
469,765 
250,440 
Net current assets
469,765 
250,440 
Total assets less current liabilities
469,765 
250,440 
Creditors: amounts falling due after more than one year
3
(469,498)
(191,748)
Net assets attributable to members
267 
58,692 
Represented by:
Loans and other debts due to members
4
60,692 
58,692 
Members' other interests
Other reserves
(60,425)
- 
267 
58,692 
Total members' interests
Loans and other debts due to members
60,692 
58,692 
Members' other interests
(60,425)
- 
267 
58,692 
For the year ending 31 December 2021 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 29 September 2022.
Mr Andrew Walters Designated member Limited Liability Partnership Registration No. OC417330
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1040 Tax LLP Notes to the Accounts for the year ended 31 December 2021
1
Accounting policies
Presentation currency
The accounts are presented in £ sterling.
2
Statutory information
1040 Tax LLP is a limited liability partnership, incorporated in England and Wales, registration number OC417330. Its registered office is FAIRWAYS HOUSE, GEORGE STREET, PRESTWICH, LANCASHIRE, ENGLAND.
3
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
48,225 
50,000 
Amounts owed to group undertakings and other participating interests
421,273 
141,748 
469,498 
191,748 
4
Loans and other debts due to members
2021 
2020 
£ 
£ 
Loans from members
60,692 
58,692 
Amounts falling due within one year
60,692 
58,692 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
5
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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