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REGISTERED NUMBER: OC301950 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ASHFORDS PARTNERSHIP LLP

ASHFORDS PARTNERSHIP LLP (REGISTERED NUMBER: OC301950)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHFORDS PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DESIGNATED MEMBERS: A.M Shah
M Shah





REGISTERED OFFICE: 114/116 Goodmayes Road
Ilford
Essex
IG3 9UZ





REGISTERED NUMBER: OC301950 (England and Wales)






ASHFORDS PARTNERSHIP LLP (REGISTERED NUMBER: OC301950)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,900 71,050
Tangible assets 5 7,142 7,772
68,042 78,822

CURRENT ASSETS
Debtors 6 546,003 393,202
Cash at bank and in hand 65,049 33,379
611,052 426,581
CREDITORS
Amounts falling due within one year 7 267,163 277,026
NET CURRENT ASSETS 343,889 149,555
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 411,931 228,377

LOANS AND OTHER DEBTS DUE TO
MEMBERS

409,931

226,377

MEMBERS' OTHER INTERESTS
Capital accounts 2,000 2,000
411,931 228,377

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 409,931 226,377
Members' other interests 2,000 2,000
411,931 228,377

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 30 April 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.

ASHFORDS PARTNERSHIP LLP (REGISTERED NUMBER: OC301950)

BALANCE SHEET - continued
30 APRIL 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 3 March 2025 and were signed by:




A.M Shah - Designated member




M Shah - Designated member


ASHFORDS PARTNERSHIP LLP (REGISTERED NUMBER: OC301950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Ashfords Partnership 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 15% on reducing balance

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 200,000 3,000 203,000
AMORTISATION
At 1 May 2023 130,000 1,950 131,950
Charge for year 10,000 150 10,150
At 30 April 2024 140,000 2,100 142,100
NET BOOK VALUE
At 30 April 2024 60,000 900 60,900
At 30 April 2023 70,000 1,050 71,050

ASHFORDS PARTNERSHIP LLP (REGISTERED NUMBER: OC301950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 140,537
DEPRECIATION
At 1 May 2023 132,765
Charge for year 630
At 30 April 2024 133,395
NET BOOK VALUE
At 30 April 2024 7,142
At 30 April 2023 7,772

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 544,081 392,246
Other debtors 1,922 956
546,003 393,202

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 21,201 31,064
Taxation and social security 3,405 3,405
Other creditors 242,557 242,557
267,163 277,026