THP Tax Solutions LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC342631 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

THP TAX SOLUTIONS LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

A C Hart FCA

THP Limited

REGISTERED OFFICE:

34-40 High Street

Wanstead

London

E11 2RJ

REGISTERED NUMBER:

OC342631 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

34-40 High Street

Wanstead

London

E11 2RJ

CURRENT ASSETS

Debtors

4,043

19,393

Cash at bank

10,696

39,420

14,739

58,813

CREDITORS

Amounts falling due within one year

5

14,523

56,784

NET CURRENT ASSETS

216

2,029

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

216

2,029

LOANS AND OTHER DEBTS DUE TO MEMBERS

6

216

2,029

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

216

2,029

Amounts due from members

(4,043

)

(19,393

)

(3,827

)

(17,364

)

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 2 December 2021 and were signed by:

A C Hart FCA - Designated member

1.	STATUTORY INFORMATION

THP Tax Solutions LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue recognition

Turnover represents net invoiced sales of services, excluding value added tax is recognised in the period in which services are rendered.

Tangible fixed assets

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

Plant and machinery etc - 25% on reducing balance

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

1,257

Disposals

(1,257

)

At 31 March 2021

-

DEPRECIATION

At 1 April 2020

1,257

Eliminated on disposal

(1,257

)

At 31 March 2021

-

NET BOOK VALUE

At 31 March 2021

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to associated business

14,000

45,732

Taxation and social security

523

5,496

Other creditors

-

5,556

14,523

56,784

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members are ranked after other creditors.

7.	RELATED PARTY DISCLOSURES

During the year £13,522 (2020 : £30,000) was paid to THP Limited in respect of management fees.

During the year £2,000 (2020 : £5,000) was paid to THP Limited in respect of accountancy fees.

At the end of the year £14,000 was owed to THP Limited (2020 : £45,732).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is THP Limited.