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REGISTERED NUMBER: OC388527 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 5 April 2024

for

ASH Invest LLP

ASH Invest LLP (Registered number: OC388527)

Contents of the Financial Statements
for the Year Ended 5 April 2024










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASH Invest LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: A S Hamm
Ash Invest Holdings Limited





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: OC388527 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

ASH Invest LLP (Registered number: OC388527)

Statement of Financial Position
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,739,003 617,859
Investment property 6 1,040,756 898,475
2,779,759 1,516,334

CURRENT ASSETS
Debtors 7 57,317 66,012
Cash at bank 561,744 85,836
619,061 151,848
CREDITORS
Amounts falling due within one year 8 2,571 425
NET CURRENT ASSETS 616,490 151,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,396,249

1,667,757

CREDITORS
Amounts falling due after more than one
year

9

95,794

95,821
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,300,455

1,571,936

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

1,102,660

-

MEMBERS' OTHER INTERESTS
Capital accounts 2,981,508 2,355,649
Other reserves (783,713 ) (783,713 )
3,300,455 1,571,936

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 1,102,660 -
Members' other interests 2,197,795 1,571,936
3,300,455 1,571,936

ASH Invest LLP (Registered number: OC388527)

Statement of Financial Position - continued
5 April 2024


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 5 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.

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 26 February 2025 and were signed by:





A S Hamm - Designated member

ASH Invest LLP (Registered number: OC388527)

Notes to the Financial Statements
for the Year Ended 5 April 2024


1. STATUTORY INFORMATION

ASH Invest 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 as modified by the revaluation of certain assets.

The functional currency of the LLP is pounds sterling and euro. The presentational currency is pounds sterling Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the LLP's forecasts and projections, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
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 supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Rental income is recognised on an accruals basis in accordance with the substance of the relevant agreement net of value added tax.

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

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through the income statement.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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.

ASH Invest LLP (Registered number: OC388527)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Provision for liabilities
Provisions are recognised when the LLP has a present obligation (legal or constructive) as a result of a past event, it is probable that the LLP will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 4,000
DEPRECIATION
At 6 April 2023
and 5 April 2024 4,000
NET BOOK VALUE
At 5 April 2024 -

ASH Invest LLP (Registered number: OC388527)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
5.4.24 5.4.23
£    £   
Brought forward 617,859 905,127
Revaluation 1,121,144 (287,268 )
1,739,003 617,859

Investments (neither listed nor unlisted) represent crypto currency held at fair value.

If the investments had not been revalued they would have been held at a historical cost of £89,473
(2023: £89,473).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023 898,475
Revaluations 142,281
At 5 April 2024 1,040,756
NET BOOK VALUE
At 5 April 2024 1,040,756
At 5 April 2023 898,475

Investment properties have been valued by the members, and are disclosed at their open market value.

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2022 58,318
Valuation in 2024 142,281
Cost 840,157
1,040,756

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 527 9,332
Other debtors 56,790 56,680
57,317 66,012

ASH Invest LLP (Registered number: OC388527)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Other creditors 2,571 425

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans 95,794 95,821

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 95,794 95,821

10. SECURED DEBTS

The following secured debts are included within creditors:

5.4.24 5.4.23
£    £   
Bank loans 95,794 95,821

Godiva Mortgages Limited has a first legal charge over the freehold property known as Flat 26, 33 Durnford Street, Plymouth, PL1 3EU registered at the Land Registry under title number DN656451.

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally to other creditors.