for the Period Ended 30 June 2024
| Balance sheet | |
| Notes |
As at
|
Notes |
2024 |
2023 |
|
|---|---|---|---|
|
|
£ |
£ |
|
| Called up share capital not paid: |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
|
|
| Investments: | 4 |
|
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| Total fixed assets: |
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|
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| Current assets | |||
| Stocks: |
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|
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| Debtors: | 5 |
|
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| Cash at bank and in hand: |
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|
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| Investments: |
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|
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| Total current assets: |
|
|
|
| Creditors: amounts falling due within one year: | 6 |
( |
( |
| Net current assets (liabilities): |
|
|
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| Total assets less current liabilities: |
|
|
|
| Creditors: amounts falling due after more than one year: |
( |
( |
|
| Provision for liabilities: |
( |
( |
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| Total net assets (liabilities): |
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| Capital and reserves | |||
| Called up share capital: |
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| Share premium account: |
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||
| Revaluation reserve: | |||
| Other reserves: |
( |
( |
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| Profit and loss account: |
( |
( |
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| Shareholders funds: |
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The notes form part of these financial statements
The directors have chosen to not file a copy of the company’s profit & loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 June 2024
for the Period Ended 30 June 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
|
|
for the Period Ended 30 June 2024
| Total | |
|---|---|
| Cost | £ |
| At 01 July 2023 |
|
| Additions |
|
| Disposals |
|
| Revaluations |
|
| Transfers |
|
| At 30 June 2024 |
|
| Depreciation | |
| At 01 July 2023 |
|
| Charge for year |
|
| On disposals |
|
| Other adjustments |
( |
| At 30 June 2024 |
|
| Net book value | |
| At 30 June 2024 |
|
| At 30 June 2023 |
|
for the Period Ended 30 June 2024
There were no movements in investments in subsidiaries held by the LLP during the year. Investments in subsidiaries are measured at cost less impairment. During fiscal year 2024, the majority interest of the Group was sold (note 22). The pricing incorporated a detailed analysis of the subsidiaries' cash-generating capability, which served as the basis for recognizing an impairment of $3,720. The financial statements consolidate the results and financial position of the Group, including all subsidiary undertakings, which are listed in note 21. Non-controlling interests in subsidiary undertakings The Group held a 16.7% non-controlling interest in Avenida Colombia Member LLC. The non-controlling interest profits attributable to the members of Avenida Colombia Member LLC are shown as non-controlling interests in the consolidated financial statements. Subsidiaries dissolved Ashmore Avenida Devco Holding Company Limited was dissolved on 26 of September 2023. In addition, Colombian subsidiaries Ashmore Avenida Back Office S.A.S., and Ashmore Avenida DP General Partner S.A.S., were dissolved in December 2023. The Group’s financial assets measured at fair value comprise seed capital investments in funds managed by subsidiary entities. Seed capital is contributed into a fund in order to provide initial scale and facilitate marketing of the funds to third-party investors. The Group has an established control framework with respect to the measurement of fair value. This framework includes committees that have overall responsibility for all significant fair value measurements. Each committee regularly reviews significant inputs and valuation adjustments. If third-party information is used to measure fair value, the committee assesses and documents the evidence obtained from the third parties to support such valuations. There are no material differences between the carrying amounts of financial assets and their fair values at the balance sheet date.
for the Period Ended 30 June 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Debtors due after more than one year: |
|
|
for the Period Ended 30 June 2024
for the Period Ended 30 June 2024
for the Period Ended 30 June 2024
| Name of the related party: |
|
|
| Relationship: |
Key management compensation
|
|
| Description of the Transaction: |
|
|
| £ | ||
| Balance at 01 July 2023 |
|
|
| Balance at 30 June 2024 |
|
|
| Name of the related party: |
|
|
| Relationship: |
Funds (3) Under Management
|
|
| Description of the Transaction: |
|
|
| £ | ||
| Balance at 01 July 2023 |
|
|
| Balance at 30 June 2024 |
|
|
for the Period Ended 30 June 2024