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REGISTERED NUMBER: OC388527 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 5 April 2023

for

ASH Invest LLP

ASH Invest LLP (Registered number: OC388527)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASH Invest LLP

General Information
for the Year Ended 5 April 2023







DESIGNATED MEMBERS: A S Hamm
Ash Invest Holdings Limited





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC388527 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

ASH Invest LLP (Registered number: OC388527)

Statement of Financial Position
5 April 2023

5.4.23 5.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 445
Investments 5 617,859 905,127
Investment property 6 898,475 898,475
1,516,334 1,804,047

CURRENT ASSETS
Debtors 7 66,012 58,472
Cash at bank 85,836 25,235
151,848 83,707
CREDITORS
Amounts falling due within one year 8 (425 ) (1,401 )
NET CURRENT ASSETS 151,423 82,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,667,757

1,886,353

CREDITORS
Amounts falling due after more than one
year

9

(95,821

)

(95,829

)
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,571,936

1,790,524

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 2,355,649 2,574,237
Other reserves (783,713 ) (783,713 )
1,571,936 1,790,524

TOTAL MEMBERS' INTERESTS
Members' other interests 1,571,936 1,790,524

ASH Invest LLP (Registered number: OC388527)

Statement of Financial Position - continued
5 April 2023


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 5 April 2023.

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 31 January 2024 and were signed by:





A S Hamm - Designated member

ASH Invest LLP (Registered number: OC388527)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

ASH Invest 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 as modified by the revaluation of certain assets.

The functional currency of the LLP is pounds sterling and euro. The presentational currency is pounds sterling Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Other income
Rental income is recognised on an accruals basis in accordance with the substance of the relevant agreement.

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 - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through the income statement.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

ASH Invest LLP (Registered number: OC388527)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

2. ACCOUNTING POLICIES - continued

Provision for liabilities
Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022
and 5 April 2023 4,000
DEPRECIATION
At 6 April 2022 3,555
Charge for year 445
At 5 April 2023 4,000
NET BOOK VALUE
At 5 April 2023 -
At 5 April 2022 445

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
5.4.23 5.4.22
£    £   
Brought forward 905,127 1,156,694
Additions - 59,895
Revaluation (287,268 ) (230,334 )
Disposals - (81,128 )
617,859 905,127

Investments (neither listed nor unlisted) represent crypto currency held at fair value.

If the investments had not been revalued they would have been held at a historical cost of £89,473
(2022: £89,473).

ASH Invest LLP (Registered number: OC388527)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2022
and 5 April 2023 898,475
NET BOOK VALUE
At 5 April 2023 898,475
At 5 April 2022 898,475

Investment properties have been valued by the members, and are disclosed at their open market value.

Fair value at 5 April 2023 is represented by:
£   
Valuation in 2022 58,318
Cost 840,157
898,475

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade debtors 9,332 2,070
Other debtors 56,680 56,402
66,012 58,472

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade creditors - 576
Other creditors 425 825
425 1,401

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.23 5.4.22
£    £   
Bank loans 95,821 95,829

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 95,821 95,829

ASH Invest LLP (Registered number: OC388527)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

5.4.23 5.4.22
£    £   
Bank loans 95,821 95,829

Godiva Mortgages Limited has a first legal charge over the freehold property known as Flat 26, 33 Durnford Street, Plymouth, PL1 3EU registered at the Land Registry under title number DN656451.