PAN Trustees UK LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC333840 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

PAN TRUSTEES UK LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S Delo

C D J Goddard

C A Earnshaw

M A Roberts

L C Stewart-Brindle

A J Firbank

PAN Professional Trusteeship Limited

R Nathan

N Chadha

REGISTERED OFFICE:

The Annex

Oathall House

Oathall Road

Haywards Heath

West Sussex

RH16 3EN

REGISTERED NUMBER:

OC333840 (England and Wales)

ACCOUNTANTS:

WBD Accountants Limited

Marlbridge House

Enterprise Way

Edenbridge

Kent

TN8 6HF

FIXED ASSETS

Tangible assets

4

1,176

2,897

CURRENT ASSETS

Debtors

5

1,698,260

984,466

Cash at bank

403,759

532,227

2,102,019

1,516,693

CREDITORS

Amounts falling due within one year

6

374,259

462,627

NET CURRENT ASSETS

1,727,760

1,054,066

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

1,728,936

1,056,963

LOANS AND OTHER DEBTS DUE TO MEMBERS

7

1,728,936

1,056,963

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

1,728,936

1,056,963

Amounts due from members

5

(7,735

)

-

1,721,201

1,056,963

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 2021.

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 3 September 2021 and were signed by:

S Delo - Designated member

1.	STATUTORY INFORMATION

PAN Trustees UK 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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

7,483

DEPRECIATION

At 1 April 2020

4,586

Charge for year

1,721

At 31 March 2021

6,307

NET BOOK VALUE

At 31 March 2021

1,176

At 31 March 2020

2,897

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

771,995

600,889

Other debtors

926,265

383,577

1,698,260

984,466

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

37,992

9,080

Taxation and social security

80,413

93,915

Other creditors

255,854

359,632

374,259

462,627

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.

8.	ULTIMATE CONTROLLING PARTY

During the year the company was under the control of its members.