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REGISTERED NUMBER: OC351804 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE ASPIRE PARTNERSHIP LLP

THE ASPIRE PARTNERSHIP LLP (REGISTERED NUMBER: OC351804)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ASPIRE PARTNERSHIP LLP

GENERAL INFORMATION
for the Year Ended 31 MARCH 2024







DESIGNATED MEMBERS: S Pine
I Larthe de Langladure
Mrs N King





REGISTERED OFFICE: 61 Queen Charlotte Street
Bristol
BS1 4HQ





REGISTERED NUMBER: OC351804 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

THE ASPIRE PARTNERSHIP LLP (REGISTERED NUMBER: OC351804)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,052 19,089

CURRENT ASSETS
Debtors 5 38,767 49,280
Cash at bank and in hand 681,086 577,970
719,853 627,250
CREDITORS
Amounts falling due within one year 6 130,003 130,985
NET CURRENT ASSETS 589,850 496,265
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

605,902

515,354

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

605,902

515,354

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7

605,902

515,354

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 2024.

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 ASPIRE PARTNERSHIP LLP (REGISTERED NUMBER: OC351804)

BALANCE SHEET - continued
31 MARCH 2024


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 1 August 2024 and were signed by:





S Pine - Designated member

THE ASPIRE PARTNERSHIP LLP (REGISTERED NUMBER: OC351804)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

The Aspire Partnership 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.

Turnover
Turnover represents amounts chargeable in respect of the services supplied by the LLP during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

THE ASPIRE PARTNERSHIP LLP (REGISTERED NUMBER: OC351804)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Interest bearing bank loans, overdrafts and other loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the bank, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 68,165
Additions 2,863
At 31 March 2024 71,028
DEPRECIATION
At 1 April 2023 49,076
Charge for year 5,900
At 31 March 2024 54,976
NET BOOK VALUE
At 31 March 2024 16,052
At 31 March 2023 19,089

THE ASPIRE PARTNERSHIP LLP (REGISTERED NUMBER: OC351804)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,700 13,750
Other debtors 30,067 35,530
38,767 49,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 13,695 11,944
Other creditors 116,308 119,041
130,003 130,985

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 605,902 515,354

Falling due within one year 605,902 515,354

8. ULTIMATE CONTROLLING PARTY

The partnership is ultimately controlled by the partners S Pine, I Larthe de Langladure and Mrs N King.

9. RELATED PARTIES

The property from which the partnership trades is rented from the Self Invested Personal Pension of S Pine and I Larthe de Langladure. Rent is charged on a normal commercial basis.

The designated members of The Aspire Partnership LLP, I Larthe de Langladure, Mrs N King and S Pine are the directors of The Aspire Consultancy (Bristol) Limited.

At the year end, the partnership owed £3,382 (2023 - £24,702) to The Aspire Consultancy (Bristol) Limited.