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REGISTERED NUMBER: OC379886 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Aspire Investments LLP

Aspire Investments LLP (Registered number: OC379886)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Aspire Investments LLP (Registered number: OC379886)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 145,007 145,007

CURRENT ASSETS
Debtors 5 500 16,175
Cash at bank 12,867 5,020
13,367 21,195
CREDITORS
Amounts falling due within one year 6 3,854 15,657
NET CURRENT ASSETS 9,513 5,538
TOTAL ASSETS LESS CURRENT LIABILITIES 154,520 150,545

CREDITORS
Amounts falling due after more than one year 7 3,354 5,407
NET ASSETS ATTRIBUTABLE TO MEMBERS 151,166 145,138

LOANS AND OTHER DEBTS DUE TO MEMBERS 8 141,239 135,211

MEMBERS' OTHER INTERESTS
Non-distributable reserves 9 9,927 9,927
151,166 145,138

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 141,239 135,211
Members' other interests 9,927 9,927
151,166 145,138

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.

Aspire Investments LLP (Registered number: OC379886)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 8 January 2025 and were signed by:





P E Mcvay - Designated member

Aspire Investments LLP (Registered number: OC379886)

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

1. STATUTORY INFORMATION

Aspire Investments LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC379886

Registered office: 2 Railway Street
Stafford
Staffordshire
ST16 2EA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 fixed assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 145,007
NET BOOK VALUE
At 31 March 2024 145,007
At 31 March 2023 145,007

The investment property is stated at open market value at 31st March 2024, as estimated by the designated members.

Aspire Investments LLP (Registered number: OC379886)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 16,175
Other debtors 500 -
500 16,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,052 2,001
Trade creditors - (100 )
Other creditors 1,802 13,756
3,854 15,657

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,354 5,407

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari passu with other unsecured creditors.

9. RESERVES
Non-distributable
reserves
£   
At 1 April 2023
and 31 March 2024 9,927

10. ULTIMATE CONTROLLING PARTY

The controlling party is P E Mcvay.