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REGISTERED NUMBER: OC437380 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Amass Associates LLP

Amass Associates LLP (Registered number: OC437380)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amass Associates LLP

General Information
for the Year Ended 31 May 2024







DESIGNATED MEMBERS: A Tewary
M Tewary
S Tewary
S Pal
Patang Limited





REGISTERED OFFICE: Oaklea House
46 Coatham Road
Redcar
TS10 1RS





REGISTERED NUMBER: OC437380 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Amass Associates LLP (Registered number: OC437380)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,580 3,440
Investment property 5 852,000 852,000
854,580 855,440

CURRENT ASSETS
Debtors 6 1,266 1,420
Cash at bank 13,393 33,897
14,659 35,317
CREDITORS
Amounts falling due within one year 7 (14,260 ) (30,952 )
NET CURRENT ASSETS 399 4,365
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

854,979

859,805

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

854,979

859,805

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 854,979 859,805

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 May 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.

Amass Associates LLP (Registered number: OC437380)

Balance Sheet - continued
31 May 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 13 September 2024 and were signed by:





A Tewary - Designated member

Amass Associates LLP (Registered number: OC437380)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Amass Associates 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.

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 - 25% on reducing balance

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 5,136
DEPRECIATION
At 1 June 2023 1,696
Charge for year 860
At 31 May 2024 2,556
NET BOOK VALUE
At 31 May 2024 2,580
At 31 May 2023 3,440

Amass Associates LLP (Registered number: OC437380)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 852,000
NET BOOK VALUE
At 31 May 2024 852,000
At 31 May 2023 852,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 233
VAT 932 809
Prepayments 334 378
1,266 1,420

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 785 1,648
Other creditors 12,015 27,729
Accrued expenses 1,460 1,575
14,260 30,952

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 854,979 859,805

Falling due within one year 854,979 859,805

Members rank ahead of other creditors in a liquidation.