ACE Gas & Heating Services LLP

REGISTERED NUMBER: OC415238 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

A C Brown

L M Carroll

REGISTERED OFFICE:

23 York Close

Barton-le-Clay

Bedfordshire

MK45 4QB

REGISTERED NUMBER:

OC415238 (England and Wales)

ACCOUNTANTS:

P D & Co (2003) Limited T/A Parbery Davies & Co

Three Counties House

18a Victoria Street

Dunstable

Bedfordshire

LU6 3BA

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 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of gas and heating engineers.

DESIGNATED MEMBERS

The designated members during the year under review were:

A C Brown

L M Carroll

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £51,871 (2024 - £47,766 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

A C Brown - Designated member

28 October 2025

TURNOVER

120,089

151,549

Cost of sales

44,484

72,001

GROSS PROFIT

75,605

79,548

Administrative expenses

23,414

32,148

OPERATING PROFIT

4

52,191

47,400

Interest receivable and similar income

(320

)

366

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

51,871

47,766

FIXED ASSETS

Tangible assets

6

-

15,506

CURRENT ASSETS

Debtors

7

23,986

33,719

Cash at bank

162

42,435

24,148

76,154

CREDITORS

Amounts falling due within one year

8

5,003

505

NET CURRENT ASSETS

19,145

75,649

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

19,145

91,155

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

19,145

91,155

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

19,145

91,155

Amounts due from members

7

(1,776

)

-

17,369

91,155

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 28 October 2025 and were signed by:

A C Brown - Designated member

1.	STATUTORY INFORMATION

ACE Gas & Heating Services 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

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

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

Depreciation - owned assets

-

5,156

5.	INFORMATION IN RELATION TO MEMBERS

31.3.25

31.3.24

The average number of members during the year was

2

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

39,833

Disposals

(39,833

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

24,327

Eliminated on disposal

(24,327

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

15,506

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

22,210

27,939

Other debtors

1,776

5,780

23,986

33,719

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

34

505

Taxation and social security

4,969

-

5,003

505

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Balance owed to A Brown £4,197 from L Carroll