Paynet LLP - Accounts

	Registered number:
	OC398900

	Paynet LLP
	Unaudited Accounts
	for the Year Ended
	31 March 2022

		2022 £		2021 £
Current Assets
Debtors	1,864		61,394
Cash at bank and in hand	82,637		37,400
	84,501		98,794

Creditors falling due within one year	(11,115)		(1,469)

Net Current Assets / (Liabilities)		73,386		97,325

Creditors falling due after more than one year		(654)		(635)

Net Assets Attributable to Members		72,732		96,690

Loans and other debts due to members within one year
Represented by:
Members' capital classified as a liability	85	85
	85	85

Members' other interests
.
Members' capital classified as a equity	2	96,605
Members' other interests - other reserves classified as equity	72,645	0
	72,732	96,690

Total members' interests
.
Loans and other debts due to members	85	85
Members' other interests	72,647	96,605
	72,732	96,690

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The members have not delivered a copy of the LLP's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006 (as applied to 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.

For the year ended 31 March 2022 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.

The financial statements were approved by the members and signed on their behalf by:

.........................................................

Approved by members on 30 December 2022

MS-PROXY SERVICES LTD

Designated Member

Paynet LLP

Registered number: OC398900 (England and Wales)

1.	Accounting Policies
	Basis of preparation These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships". These financial statements reflect the results of the LLP for the year ended 31 March 2022.

Accounting Policies

Basis of preparation

These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Companies Act 2006 and the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

These financial statements reflect the results of the LLP for the year ended 31 March 2022.

	Turnover
	Turnover represents amounts due in respect of legal services provided during the year, net of VAT.

2.	Employees
		2022		2021
	Average number of employees during the period	0		0

3.	Other Information
	The managers of the company did not receive any form of remuneration or emoluments during this period.