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REGISTERED NUMBER: OC420668 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Future Ambitions Investments LLP

Future Ambitions Investments LLP (Registered number: OC420668)






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


Future Ambitions Investments LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: M R Warburton
L M Warburton
C F Warburton





REGISTERED OFFICE: 8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW





REGISTERED NUMBER: OC420668 (England and Wales)





ACCOUNTANTS: Voisey & Co LLP
Chartered Accountants
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

Future Ambitions Investments LLP (Registered number: OC420668)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 220,480 220,480
Investment property 5 575,000 575,000
795,480 795,480

CURRENT ASSETS
Cash at bank 264,637 349,575

CREDITORS
Amounts falling due within one year 6 217,636 227,636
NET CURRENT ASSETS 47,001 121,939
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

842,481

917,419

LOANS AND OTHER DEBTS DUE TO
MEMBERS

328,047

309,985

MEMBERS' OTHER INTERESTS
Capital accounts 514,434 607,434
842,481 917,419

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 328,047 309,985
Members' other interests 514,434 607,434
842,481 917,419

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.

Future Ambitions Investments LLP (Registered number: OC420668)

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 22 November 2024 and were signed by:




C F Warburton - Designated member




M R Warburton - Designated member


Future Ambitions Investments LLP (Registered number: OC420668)

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

1. STATUTORY INFORMATION

Future Ambitions Investments 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEE INFORMATION

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 220,480
NET BOOK VALUE
At 31 March 2024 220,480
At 31 March 2023 220,480

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 575,000
NET BOOK VALUE
At 31 March 2024 575,000
At 31 March 2023 575,000

The members are continually reviewing the value of the investment property and believe the value shown in the accounts reflects the valuation of the property at the balance sheet date.

Future Ambitions Investments LLP (Registered number: OC420668)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 215,786 225,786
Accrued expenses 1,850 1,850
217,636 227,636