REGISTERED NUMBER: OC337443 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

ASPIRE 2011 LLP

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

19,920

22,495

CURRENT ASSETS

Debtors

8,971

12,880

Cash at bank

259,249

161,153

268,220

174,033

CREDITORS

Amounts falling due within one year

(261,546

)

(161,550

)

NET CURRENT ASSETS

6,674

12,483

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

26,594

34,978

LOANS AND OTHER DEBTS DUE TO MEMBERS

5

26,594

34,978

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

5

26,594

34,978

Amounts due from members

(5,617

)

(9,858

)

20,977

25,120

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 5 April 2025 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

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 29 September 2025 and were signed by:

Mr A G Woosey - Designated member

1.	STATUTORY INFORMATION

Aspire 2011 LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number:

OC337443

Registered office:

17 George Street

St Helens

Merseyside

WA10 1DB

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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the provision and service of being financial advisors is recognised by reference to the stage of completion of the transaction at the balance sheet date, the amount of turnover can be measured reliably, it is probable the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Allocation of profits and drawings

The allocation of profits to those who were members of the partnership during the financial year occurs in accordance with the Partnership Agreement drawn up on 1 December 2013. As is permitted by the Limited Liability Partnership Regulations and the Partnership Agreement, allocated profits may not necessarily represent all the profits arising in a particular financial year, if the board considers it appropriate to retain profits or to allocate profits previously retained.

During the year, members receive monthly drawings, and, from time to time may receive additional profit distributions. The level and timing of the additional distributions are decided by the partners, taking into account the partnership's cash requirements for operating and investing activities. Both the monthly drawings and the profit distributions represent payments on account of current year profits and are reclaimable from members until profits have been allocated. Any over-distribution of profits during the year is also recoverable from members.

Pending the allocation of profits and their division between members, therefore, drawings and on-account profit distributions paid to members during the year are shown as 'Amounts due from members'. Unallocated profits are shown in Equity as 'Other reserves'. In both cases, necessarily, amounts that may be determined as due from and attributable to members who retired from the partnership in the year may be included.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 6 April 2024

122,280

Additions

3,699

At 5 April 2025

125,979

DEPRECIATION

At 6 April 2024

99,785

Charge for year

6,274

At 5 April 2025

106,059

NET BOOK VALUE

At 5 April 2025

19,920

At 5 April 2024

22,495

5.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debt due to members" will rank equally with unsecured creditors.

6.	ULTIMATE CONTROLLING PARTY

The partnership is controlled by Mr A G Woosey.