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REGISTERED NUMBER: OC372415 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ashbean 1 LLP

Ashbean 1 LLP (Registered number: OC372415)






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

Chartered Accountants' Report 6

Ashbean 1 LLP

General Information
for the year ended 31 March 2024







DESIGNATED MEMBERS: Mrs J M Joye
Mr A A Joye





REGISTERED OFFICE: 1 Charterhouse Mews
London
EC1M 6BB





REGISTERED NUMBER: OC372415 (England and Wales)





ACCOUNTANTS: ansteybond
1-2 Charterhouse Mews
London
EC1M 6BB

Ashbean 1 LLP (Registered number: OC372415)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 123,068 160,199

CURRENT ASSETS
Debtors 5 708,619 1,072,303
Cash at bank 563,803 1,190,518
1,272,422 2,262,821
CREDITORS
Amounts falling due within one year 6 (21,645 ) (21,845 )
NET CURRENT ASSETS 1,250,777 2,240,976
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,373,845

2,401,175

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

1,373,845

2,401,175

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 1,373,845 2,401,175
Amounts due from members 5 (55,424 ) -
1,318,421 2,401,175

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.

Ashbean 1 LLP (Registered number: OC372415)

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 27 December 2024 and were signed by:





Mr A A Joye - Designated member

Ashbean 1 LLP (Registered number: OC372415)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Ashbean 1 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cash and cash equivalents
Cash and cash equivalents are included in the balance sheet at cost. Cash and cash equivalents comprise of cash within the bank.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Members are personally liable for taxation on their share of their profits. Consequently, no reserve for taxation is made in these accounts.

Trade and other receivables
Trade and other receivables are recognised initially at fair value. Subsequent to initial recognition, they are measured at amortised cost using he effective interest method, less any impairment losses.

Trade and other payables
Trade and other payables are recognised initially at fair value. Subsequent to initial recognition they are measured at amortised cost using the effective interest method.

Allocation of profits and drawings
Discretionary amounts due to members in respect of their participation of rights in the profits of the LLP for the financial year, are classed as equity until allocation is approved by the members. The allocation to the members of residual profits for a financial year occurs at the Balance Sheet date. A member's share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits or losses are included within 'Other reserves'.

Drawings are included as a reduction in the balance due to members.

3. EMPLOYEE INFORMATION

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

Ashbean 1 LLP (Registered number: OC372415)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 315,972
Additions 5,889
At 31 March 2024 321,861
DEPRECIATION
At 1 April 2023 155,773
Charge for year 43,020
At 31 March 2024 198,793
NET BOOK VALUE
At 31 March 2024 123,068
At 31 March 2023 160,199

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 509,698 928,806
Other debtors 198,921 143,497
708,619 1,072,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 21,645 21,845

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

At the balance sheet date, the amounts due to members in respect of their current accounts, are as follows;

2023 2022
£    £   

Mr A A Joye 1,645,504 973,173
Mrs J M Joye 755,671 676,832
Total 2,401,172 1,650,005

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Ashbean 1 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 Ashbean 1 LLP for the year 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 Ashbean 1 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 Ashbean 1 LLP and state those matters that we have agreed to state to the members of Ashbean 1 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 Ashbean 1 LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Ashbean 1 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 Ashbean 1 LLP. You consider that Ashbean 1 LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ashbean 1 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.






ansteybond
1-2 Charterhouse Mews
London
EC1M 6BB


27 December 2024