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REGISTERED NUMBER: OC389131 (England and Wales)















ASRA MANAGEMENT SERVICES LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






ASRA MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC389131)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASRA MANAGEMENT SERVICES LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DESIGNATED MEMBERS: R S Vora
Mrs N Vora
R R Vora





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: OC389131 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

ASRA MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC389131)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 200,000 250,000

CURRENT ASSETS
Debtors 5 416,340 299,611
Cash at bank - 29,828
416,340 329,439
CREDITORS
Amounts falling due within one year 6 351,674 336,486
NET CURRENT ASSETS/(LIABILITIES) 64,666 (7,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,666

242,953

CREDITORS
Amounts falling due after more than one year 7 26,296 26,185
NET ASSETS ATTRIBUTABLE TO MEMBERS 238,370 216,768

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

199,370

177,768

MEMBERS' OTHER INTERESTS
Capital accounts 39,000 39,000
238,370 216,768

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 199,370 177,768
Members' other interests 39,000 39,000
238,370 216,768

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 30 November 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.

ASRA MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC389131)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 28 August 2024 and were signed by:





R S Vora - Designated member

ASRA MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC389131)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Asra Management Services 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.

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 3 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022 250,000
Disposals (50,000 )
At 30 November 2023 200,000
NET BOOK VALUE
At 30 November 2023 200,000
At 30 November 2022 250,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 416,340 299,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 6,041 9,783
Trade creditors 9,234 1,036
Taxation and social security 20,103 5,271
Other creditors 316,296 320,396
351,674 336,486

ASRA MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC389131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 26,296 26,185

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,164 -
Bank loans 4,877 9,783
6,041 9,783

Amounts falling due between one and two years:
Bank loans 10,126 20,315

Amounts falling due between two and five years:
Bank loans 16,170 5,870

9. LOANS AND OTHER DEBTS DUE TO MEMBERS
2023 2022
£    £   
Loans from members 101,329 145,689
Amounts owed to members in respect of profits 98,041 32,079
199,370 177,768

Falling due within one year 98,041 32,079
Falling due after more than one year 101,329 145,689
199,370 177,768

Loan and other debts due to members rank in subordination to Other Creditors. Other creditors are unsecured. There are no restrictions on the ability of the Members to reduce the amounts of Members other interests.

10. RELATED PARTY DISCLOSURES

At the year-end date, included within Other Debtors is an amount of £143,940 (2022: £38,390) due from related entities in which Mr R Vora and Mrs N Vora have beneficial interest.

These amounts are unsecured, interest free and repayable on demand.

At the year-end date, included within Other Creditors is an amount of £312,097 (2022: £316,897) due to related entities in which Mr R Vora and Mrs N Vora have beneficial interest.

These amounts are unsecured, interest-free and payable on demand.

ASRA MANAGEMENT SERVICES LLP (REGISTERED NUMBER: OC389131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R S Vora, N Vora, and R R Vora.