REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 6 December 2022 to 31 March 2024 |
for |
Ashall Hospitality (MB) LLP |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 6 December 2022 to 31 March 2024 |
for |
Ashall Hospitality (MB) LLP |
Ashall Hospitality (MB) LLP (Registered number: OC444938) |
Contents of the Financial Statements |
for the Period 6 December 2022 to 31 March 2024 |
Page |
General Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 6 |
Ashall Hospitality (MB) LLP |
General Information |
for the Period 6 December 2022 to 31 March 2024 |
DESIGNATED MEMBERS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
8 Winmarleigh Street |
Warrington |
Cheshire |
WA1 1JW |
Ashall Hospitality (MB) LLP (Registered number: OC444938) |
Balance Sheet |
31 March 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
and |
NET ASSETS ATTRIBUTABLE TO MEMBERS |
1,718,190 |
LOANS AND OTHER DEBTS DUE TO MEMBERS |
7 |
68,190 |
MEMBERS' OTHER INTERESTS |
Capital accounts | 1,650,000 |
1,718,190 |
TOTAL MEMBERS' INTERESTS |
Loans and other debts due to members | 7 | 68,190 |
Members' other interests | 1,650,000 |
1,718,190 |
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. |
Ashall Hospitality (MB) LLP (Registered number: OC444938) |
Balance Sheet - continued |
31 March 2024 |
The financial statements were approved by the members of the LLP and authorised for issue on |
Ashall Hospitality (MB) LLP (Registered number: OC444938) |
Notes to the Financial Statements |
for the Period 6 December 2022 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Ashall Hospitality (MB) 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 |
Significant judgements and estimates |
In the application of the partnership's accounting policies, the designated members are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based upon historical experiences and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
Turnover |
Turnover represents income in respect of profit share due to the LLP arising on its investment in the Sherland Property LLP. Turnover is recognised on a monthly basis and finalised on approval of the annual results of the accounts for the associated undertaking. |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. An associate is an entity in which the LLP has significant interests but not control. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. |
Impairment of fixed assets |
At each reporting period end date, the partnership reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have been adjusted. |
3. | EMPLOYEE INFORMATION |
The average number of employees during the period was NIL. |
Ashall Hospitality (MB) LLP (Registered number: OC444938) |
Notes to the Financial Statements - continued |
for the Period 6 December 2022 to 31 March 2024 |
4. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
undertakings |
£ |
COST OR VALUATION |
Additions |
Profit share |
Distributions | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
Cost or valuation at 31 March 2024 is represented by: |
Interest |
in |
associate |
undertakings |
£ |
Valuation in 2024 | 1,691,644 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Accruals and deferred income |
7. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
Any loans and other debts due to members would rank after unsecured creditors in the event of a winding-up. |
Chartered Accountants' Report to the Members |
on the Unaudited Financial Statements of |
Ashall Hospitality (MB) LLP |
The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Ashall Hospitality (MB) LLP for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the members of Ashall Hospitality (MB) LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ashall Hospitality (MB) LLP and state those matters that we have agreed to state to the members of Ashall Hospitality (MB) LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashall Hospitality (MB) LLP and its members, as a body, for our work or for this report. |
It is your duty to ensure that Ashall Hospitality (MB) LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ashall Hospitality (MB) LLP. You consider that Ashall Hospitality (MB) LLP is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Ashall Hospitality (MB) LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
8 Winmarleigh Street |
Warrington |
Cheshire |
WA1 1JW |