General Information
Alternative Asset Strategies LLP is a limited liability partnership, registered in England and Wales, under OC372707, at Unit 10, Clayfield Mews, Newcomen Road, Tunbridge wells, Kent, TN4 9PA. The presentation currency is £ sterling, which is also the operational currency of the LLP.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard), and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships as well as the Companies Acts.
Going concern basis
The members believe that the LLP is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the LLP.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and machinery etc |
30% |
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
56,643 |
|
56,643 |
| Additions |
7,500 |
|
7,500 |
| Disposals |
(15,000) |
|
(15,000) |
| At 31 March 2025 |
49,143 |
|
49,143 |
| Depreciation |
| At 01 April 2024 |
41,520 |
|
41,520 |
| Charge for year |
5,244 |
|
5,244 |
| On disposals |
(9,855) |
|
(9,855) |
| At 31 March 2025 |
36,909 |
|
36,909 |
| Net book values |
| Closing balance as at 31 March 2025 |
12,234 |
|
12,234 |
| Opening balance as at 01 April 2024 |
15,123 |
|
15,123 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
333,637 |
|
333,637 |
| Additions |
155,000 |
|
155,000 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
488,637 |
|
488,637 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Other Creditors |
1,499 |
|
12,682 |
|
1,499 |
|
12,682 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Other Creditors |
68,000 |
|
68,000 |
|
68,000 |
|
68,000 |
|
2
|