1 June 2024 false No description of principal activity Taxfiler 2024.6 OC364421 business:LimitedLiabilityPartnershipLLP 2024-06-01 2025-05-31 OC364421 2024-05-31 OC364421 2024-06-01 2025-05-31 OC364421 business:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 OC364421 business:FilletedAccounts 2024-06-01 2025-05-31 OC364421 2025-05-31 OC364421 business:PartnerLLP1 2024-06-01 2025-05-31 OC364421 business:PartnerLLP2 2024-06-01 2025-05-31 OC364421 business:RegisteredOffice 2024-06-01 2025-05-31 OC364421 2024-05-31 OC364421 core:WithinOneYear 2025-05-31 OC364421 core:WithinOneYear 2024-05-31 OC364421 core:RetainedEarningsAccumulatedLosses 2025-05-31 OC364421 core:RetainedEarningsAccumulatedLosses 2024-05-31 OC364421 business:SmallEntities 2024-06-01 2025-05-31 OC364421 countries:EnglandWales 2024-06-01 2025-05-31 OC364421 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered No. OC364421 (England and Wales)
ADES FINANCE LLP Unaudited accounts for the year ended 31 May 2025
ADES FINANCE LLP LLP Information for the year ended 31 May 2025
Designated members
Euro Development S,A,
Solo Finance Management S.A.
Registered Number
OC364421 (England and Wales)
Registered Office
Suite 7056 128 Aldersgate Street Barbican London EC1A 4AE England
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ADES FINANCE LLP Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Current assets
Debtors
15,383,056
14,765,009
Cash at bank and in hand
10,979,857
10,756,092
26,362,913
25,521,101
Creditors: amounts falling due within one year
3
(8,771,319)
(8,761,595)
Net current assets
17,591,594
16,759,506
Net assets attributable to members
17,591,594
16,759,506
Represented by:
Loans and other debts due to members
4
12,231,823
12,231,823
Members' other interests
Other reserves
5,359,771
4,527,683
17,591,594
16,759,506
Total members' interests
Loans and other debts due to members
12,231,823
12,231,823
Members' other interests
5,359,771
4,527,683
17,591,594
16,759,506
For the year ending 31 May 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 11 February 2026.
Solo Finance Management S.A. Designated member Limited Liability Partnership Registration No. OC364421
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ADES FINANCE LLP Notes to the Accounts for the year ended 31 May 2025
1
Accounting policies
Basis of preparation
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 Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2
Statutory information
ADES FINANCE LLP is a limited liability partnership, incorporated in England and Wales, registration number OC364421. Its registered office is Suite 7056 128 Aldersgate Street, Barbican, London, EC1A 4AE, England.
3
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
8,769,159
8,759,435
Accruals
2,160
2,160
8,771,319
8,761,595
4
Loans and other debts due to members
2025
2024
£
£
Loans from members
9,709,639
9,709,639
Amounts due to members in respect of profits
2,522,184
2,522,184
12,231,823
12,231,823
Amounts falling due within one year
12,231,823
12,231,823
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
5
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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