General Information
Alternative Asset Strategies LLP is a limited liability partnership, registered in England and Wales, under OC372707, at Unit 10, Clayfield Mews, Newcomen Road, Tunbridge wells, Kent, TN4 9PA. The presentation currency is £ sterling, which is also the operational currency of the LLP.
1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard), and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships as well as the Companies Acts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the LLP.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives. Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
|
2. |
Average number of employees
Average number of employees during the period was 2 (2023 : 2).
|
3. |
Tangible fixed assets
Cost or valuation |
Plant and machinery etc |
|
Total |
|
£ |
|
£ |
At 01 June 2023 |
56,643 |
|
56,643 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 31 March 2024 |
56,643 |
|
56,643 |
Depreciation |
At 01 June 2023 |
35,039 |
|
35,039 |
Charge for period |
6,481 |
|
6,481 |
On disposals |
- |
|
- |
At 31 March 2024 |
41,520 |
|
41,520 |
Net book values |
Closing balance as at 31 March 2024 |
15,123 |
|
15,123 |
Opening balance as at 01 June 2023 |
18,951 |
|
18,951 |
|
4. |
Investments
Cost |
Other investments other than loans |
|
Total |
|
£ |
|
£ |
At 01 June 2023 |
333,637 |
|
333,637 |
Additions |
- |
|
- |
Transfer to/from tangible fixed assets |
- |
|
- |
Disposals |
- |
|
- |
At 31 March 2024 |
333,637 |
|
333,637 |
|
5. |
Debtors: amounts falling due within one year
|
2024 £ |
|
2023 £ |
Other Debtors |
- |
|
8,309 |
|
- |
|
8,309 |
|
6. |
Creditors: amount falling due within one year
|
2024 £ |
|
2023 £ |
Other Creditors |
12,682 |
|
2,249 |
|
12,682 |
|
2,249 |
|
7. |
Creditors: amount falling due after more than one year
|
2024 £ |
|
2023 £ |
Other Creditors |
68,000 |
|
83,753 |
|
68,000 |
|
83,753 |
|
2
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