Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC344441 2023-04-01 2024-03-31 OC344441 2022-04-01 2023-03-31 OC344441 2024-03-31 OC344441 2023-03-31 OC344441 c:CurrentFinancialInstruments 2024-03-31 OC344441 c:CurrentFinancialInstruments 2023-03-31 OC344441 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC344441 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC344441 d:FRS102 2023-04-01 2024-03-31 OC344441 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC344441 d:FullAccounts 2023-04-01 2024-03-31 OC344441 d:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC344441 d:PartnerLLP1 2023-04-01 2024-03-31 OC344441 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC344441 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC344441 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC344441 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC344441 c:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 OC344441 c:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 OC344441 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: OC344441









ASTON CAPITAL MANAGEMENT LLP







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ASTON CAPITAL MANAGEMENT LLP
REGISTERED NUMBER: OC344441

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
3,956
154,187

Cash at bank and in hand
 6 
-
76,639

  
3,956
230,826

Creditors: Amounts Falling Due Within One Year
 7 
(600)
(8,646)

Net current assets
  
 
 
3,356
 
 
222,180

Total assets less current liabilities
  
3,356
222,180

  

Net assets
  
3,356
222,180


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 8 
-
(404)

  
-
(404)

Members' other interests
  

Members' capital classified as equity
  
2,480,364
2,480,364

Other reserves classified as equity
  
(2,477,008)
(2,257,780)

  
 
3,356
 
222,584

  
3,356
222,180


Total members' interests
  

Loans and other debts due to members
 8 
-
(404)

Members' other interests
  
3,356
222,584

  
3,356
222,180


Page 1

 
ASTON CAPITAL MANAGEMENT LLP
REGISTERED NUMBER: OC344441
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 




................................................
T H Simon
Designated member

Date: 26 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Aston Capital Management LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 2

 
ASTON CAPITAL MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Aston Capital Management LLP is a limited liability partnership incorporated in the United Kingdom.  The address of the registered office is Aston House, Cornwall Avenue, London N3 1LF.  The nature of the LLP’s operations and principal activities are that of the provision of investment management services.
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102), the Statement of Recommended Practice; Accounting by Limited Liability Partnerships published in 2017 and the Companies Act 2006 (as applied to LLPs).  The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.  The financial statements are prepared in sterling which is the functional currency of the LLP.
 
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Funds which the LLP managed have been closed down. The LLP is therefore dependent on the continued support of its Members to provide it with adequate regulatory and working capital.  The LLP has yet to receive additional capital from its Members and whilst there is a reasonable expectation that further capital will be forthcoming, it represents a material uncertainty that may cast doubt about the LLP's ability to continue as a going concern. However, no risk is posed that the LLP will be unable to meet its liabilities as they fall due as such sums have been adequately provisioned in order to satisfy regulatory requirements. It is for this reason, the Members continue to adopt the going concern basis of accounting in preparing the financial statements.  In due course, the Members may determine that the LLP is no longer required and at that point they may decide to dissolve the LLP.

 
2.3

Foreign currency translation

Functional and presentation currency

The LLP's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
ASTON CAPITAL MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the LLP will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

DIVISION AND DISTRIBUTION OF PROFITS

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ASTON CAPITAL MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


AUDITORS' REMUNERATION

During the year, the LLP obtained the following services from the LLP's auditors:



4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Debtors

2024
2023
£
£


Trade debtors
3,549
141,809

Other debtors
407
12,378

3,956
154,187



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
76,639

Less: bank overdrafts
-
(6)

-
76,633


Page 5

 
ASTON CAPITAL MANAGEMENT LLP
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
6

Trade creditors
-
2,560

Other creditors
-
3,580

Accruals and deferred income
600
2,500

600
8,646



8.


Loans and other debts due from members


2024
2023
£
£



Other amounts due to members
-
(404)

Loans and other debts due to members may be further analysed as follows:

2024
2023
£
£



Falling due within one year
-
(404)

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 
Page 6