Registered No. OC364421 (England and Wales)
ADES FINANCE LLP
Unaudited accounts
for the year ended 31 May 2024
ADES FINANCE LLP
LLP Information
for the year ended 31 May 2024
Designated members
Euro Development S,A,
Solo Finance Management S.A.
Registered Number
OC364421 (England and Wales)
Registered Office
Suite 7056 128 Aldersgate Street
Barbican
London
EC1A 4AE
England
ADES FINANCE LLP
Statement of financial position
as at 31 May 2024
Debtors
14,765,009
18,039,169
Cash at bank and in hand
10,756,092
7,174,592
Creditors: amounts falling due within one year
(8,761,595)
(8,761,595)
Net current assets
16,759,506
16,452,166
Net assets attributable to members
16,759,506
16,452,166
Loans and other debts due to members
12,231,823
12,231,823
Other reserves
4,527,683
4,220,343
Loans and other debts due to members
12,231,823
12,231,823
Members' other interests
4,527,683
4,220,343
For the year ending 31 May 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 14 November 2024.
Solo Finance Management S.A.
Designated member
Limited Liability Partnership Registration No. OC364421
ADES FINANCE LLP
Notes to the Accounts
for the year ended 31 May 2024
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 Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
ADES FINANCE LLP is a limited liability partnership, incorporated in England and Wales, registration number OC364421. Its registered office is Suite 7056 128 Aldersgate Street, Barbican, London, EC1A 4AE, England.
3
Creditors: amounts falling due within one year
2024
2023
Other creditors
8,759,435
8,759,435
4
Loans and other debts due to members
2024
2023
Loans from members
9,709,639
9,709,639
Amounts due to members in respect of profits
2,522,184
2,522,184
Amounts falling due within one year
12,231,823
12,231,823
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).