| Tax Adjusters LLP |
| Registered number: |
OC331853 |
| Balance Sheet |
| as at 30 September 2022 |
| Notes |
|
2022 |
|
2021 |
| £ |
£ |
| Current assets |
|
|
|
|
|
| Debtors |
3 |
|
- |
|
34,609 |
|
| Creditors: amounts falling due within one year |
4 |
|
(266,173) |
|
(300,782) |
|
| Net current liabilities |
|
|
(266,173) |
|
(266,173) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
(266,173) |
|
(266,173) |
|
|
|
| Net liabilities attributable to members |
(266,173) |
|
(266,173) |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
5 |
|
(266,173) |
|
(266,173) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(266,173) |
|
(266,173) |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
5 |
|
(266,173) |
|
(266,173) |
|
|
|
|
(266,173) |
|
(266,173) |
|
|
|
|
|
|
| For the year ended 30 September 2022 the LLP was entitled to exemption from audit under section 477 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. |
| The 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. |
|
| These accounts were approved by the members on 19 June 2023 and signed on their behalf by: |
|
|
|
|
|
|
|
|
| Stephen R Hughes |
David A Dodds |
| Designated member |
Designated member |
|
| Tax Adjusters LLP |
| Notes to the Accounts |
| for the year ended 30 September 2022 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships. |
|
|
Division of profits |
|
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
Going Concern |
|
The Company ceased commercial trading on 30th September 2017 and there are currently no plans to re-start trading due to legally binding contract restrictions. |
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Other debtors |
- |
|
34,609 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade creditors |
266,173 |
|
300,782 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans and other debts due to members |
2022 |
|
2021 |
| £ |
£ |
|
|
Members capital classified as debt |
(266,173) |
|
(266,173) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(266,173) |
|
(266,173) |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 6 |
Related party transactions |
|
|
Included in Creditors is £266,173 (2021 £300,782) owed to Taxmaster Solutions Limited, in which the designated partners are directors. |
|
|
| 7 |
Controlling party |
|
|
Control of the LLP is held equally by the Designated Partners |
|
|
| 8 |
Other information |
|
|
Tax Adjusters LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Boundary Farm |
|
South Scarle Lane |
|
Swinderby |
|
Lincoln |
|
LN6 9JA |
