REGISTERED NUMBER: OC444339 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASPLEY GROUP LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

Mrs J Barrett

A Barrett

REGISTERED OFFICE:

North Common Farm

Woburn Road

Marston Moretaine

Bedfordshire

MK43 0NN

REGISTERED NUMBER:

OC444339 (England and Wales)

ACCOUNTANTS:

S R Lynn & Co

Chartered Certified Accountants

6 Partridge Lane

Bromham

Bedford

Bedfordshire

MK43 8PQ

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

CESSATION OF TRADING

The LLP ceased trading on 1 August 2023.

DESIGNATED MEMBERS

The designated members during the year under review were:

Mrs J Barrett

A Barrett

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £NIL (2024 - £103,520 profit).

MEMBERS' INTERESTS

Members' capital

The LLP was financed through Members capital introduced.

Members' drawings

The overall policy for Members' drawings is to advance a proportion of the profit during the financial year, taking into account amounts due to settle Members' income tax liabilities.

STATEMENT OF MEMBERS' RESPONSIBILITIES

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:

A Barrett - Designated member

29 August 2025

TURNOVER

-

202,130

Administrative expenses

-

64,355

-

137,775

Other operating income

-

4,922

OPERATING PROFIT

-

142,697

Interest payable and similar expenses

-

39,177

PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

-

103,520

FIXED ASSETS

Investments

4

9,520,875

9,520,875

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

9,520,875

9,520,875

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

9,520,875

9,520,875

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

9,520,875

9,520,875

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 2025.

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 in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 9 August 2025 and were signed by:

A Barrett - Designated member

1.	STATUTORY INFORMATION

Aspley Group LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Rental income

Rental income from leases is credited to the Income Statement on a straight line basis over the term of the relevant lease.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the asset is diminished.

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 method, less any impairment.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

9,520,875

NET BOOK VALUE

At 31 March 2025

9,520,875

At 31 March 2024

9,520,875

The LLP's investments at the Balance Sheet date in the share capital of companies include the following:

Aspley Group Holdings Limited

Registered office: North Common Farm, Woburn Road, Lidlington, Bedfordshire, MK430NN

Nature of business: Land and building rentals

%

Class of shares:

holding

Ordinary

100.00

The properties were transferred to a UK incorporated company that is connected to the partners (Aspley Group Holdings Limited, CRN: 14445132) as part of the transfer of the entire assets & trade of a residential letting business. Therefore, the proceeds represent the estimated market value of the properties transferred at that date. The estimated market values were provided by an independent professional property valuation expert (Sherwill Drake Forbes).

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

31.3.25

31.3.24

£

£

Amounts owed to members in respect of profits

9,520,875

9,520,875

Falling due within one year

9,520,875

9,520,875

Designated Members capital accounts,are classified as debt.