Ashcombe Advisers LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC358031

ASHCOMBE ADVISERS LLP

FILLETED FINANCIAL STATEMENTS

31 March 2026

ASHCOMBE ADVISERS LLP

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		14,548		13,337

CURRENT ASSETS

Debtors	6	113,000	158,000
Cash at bank and in hand		1,369,717	1,871,139
		------------	------------
		1,482,717	2,029,139

CREDITORS: amounts falling due within one year	7	326,050		405,243
		------------		------------
NET CURRENT ASSETS			1,156,667		1,623,896
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,171,215		1,637,233
			------------		------------
NET ASSETS			1,171,215		1,637,233
			------------		------------

REPRESENTED BY:

LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital classified as a liability	8	242,000	242,000
Other amounts	8	124,608	697,617
		---------	---------
		366,608	939,617

MEMBERS' OTHER INTERESTS

Other reserves	804,607	697,616
	------------	------------
	1,171,215	1,637,233
	------------	------------

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members	8	366,608	939,617
Members' other interests		804,607	697,616
		------------	------------
		1,171,215	1,637,233
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) regulations 2008) with respect to accounting records and the preparation of financial statements.

ASHCOMBE ADVISERS LLP

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the members and authorised for issue on 2 July 2026 , and are signed on their behalf by:

Mr S M Bullivant

Registered number: OC358031

ASHCOMBE ADVISERS LLP

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1.	GENERAL INFORMATION

The LLP is registered in United Kingdom. The address of the registered office is 50 Albemarle Street, London, W1S 4BD.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in May 2024 (SORP 2024).

3.	ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer Equipment	-	33% straight line

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4.	EMPLOYEE NUMBERS

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 7 (2025: 8 ).

5.	TANGIBLE ASSETS

	Equipment
	£
Cost
At 1 April 2025	127,837
Additions	8,397
	---------
At 31 March 2026	136,234
	---------
Depreciation
At 1 April 2025	114,500
Charge for the year	7,186
	---------
At 31 March 2026	121,686
	---------
Carrying amount
At 31 March 2026	14,548
	---------
At 31 March 2025	13,337
	---------

6.	DEBTORS

	2026	2025
	£	£
Trade debtors	105,000	150,000
Other debtors	8,000	8,000
	---------	---------
	113,000	158,000
	---------	---------

7. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	3,225	18,032
Social security and other taxes	276,200	329,439
Other creditors	46,625	57,772
	---------	---------
	326,050	405,243
	---------	---------

8.	LOANS AND OTHER DEBTS DUE TO MEMBERS

	2026	2025
	£	£
Amounts owed to members in respect of profits	124,608	697,617
Other amounts	242,000	242,000
	---------	---------
	366,608	939,617
	---------	---------

9.	OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	57,158	57,158
Later than 1 year and not later than 5 years	66,684	123,842
	---------	---------
	123,842	181,000
	---------	---------

10.	SUMMARY AUDIT OPINION

The auditor's report dated 2 July 2026 was unqualified .

The senior statutory auditor was Gavin Snape ACA , for and on behalf of Meadows & Co Limited .

11.	CONTROLLING PARTY

The LLP was under the control of Mr S Bullivant throughout the current and preceding year.