Asra Management Services LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC389131 (England and Wales)

ASRA MANAGEMENT SERVICES LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

R S Vora

Mrs N Vora

R R Vora

REGISTERED OFFICE:

2nd Floor, One Hobbs House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

OC389131 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

2nd Floor, One Hobbs House,

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

-

12,806

Investments

5

250,000

250,000

250,000

262,806

CURRENT ASSETS

Debtors

6

444,468

182,727

Cash at bank

-

184,311

444,468

367,038

CREDITORS

Amounts falling due within one year

7

29,591

9,684

NET CURRENT ASSETS

414,877

357,354

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

664,877

620,160

LOANS AND OTHER DEBTS DUE TO MEMBERS

9

625,877

581,160

MEMBERS' OTHER INTERESTS

Capital accounts

39,000

39,000

664,877

620,160

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

625,877

581,160

Members' other interests

39,000

39,000

Amounts due from members

6

(2,998

)

(3,727

)

661,879

616,433

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 30 November 2018.

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 of Part 15 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 small LLPs.

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 on 30 August 2019 and were signed by:

R S Vora - Designated member

1.	STATUTORY INFORMATION

Asra Management 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.

Plant and machinery etc

-

20% on cost

Pension costs and other post-retirement benefits

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2017

98,952

Disposals

(16,000

)

At 30 November 2018

82,952

DEPRECIATION

At 1 December 2017

86,146

Charge for year

4,806

Eliminated on disposal

(8,000

)

At 30 November 2018

82,952

NET BOOK VALUE

At 30 November 2018

-

At 30 November 2017

12,806

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2017

and 30 November 2018

250,000

NET BOOK VALUE

At 30 November 2018

250,000

At 30 November 2017

250,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

179,000

179,000

Amounts owed by associates

262,470

-

Other debtors

2,998

3,727

444,468

182,727

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts (see note 8)

2,016

-

Taxation and social security

9,996

6,685

Other creditors

17,579

2,999

29,591

9,684

8.

LOANS

An analysis of the maturity of loans is given below:

2018

2017

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

2,016

-

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2018

2017

£

£

Loans from members

398,078

398,078

Amounts owed to members in respect of profits

227,799

183,082

625,877

581,160

Falling due within one year

227,799

183,082

Falling due after more than one year

398,078

398,078

625,877

581,160

Loan and other debts due to members rank in subordination to Other Creditors. Other creditors are unsecured.

There are no restrictions on the ability of the Members to reduce the amounts of Members other interests.

10.	RELATED PARTY DISCLOSURES

During the year the company made sales to Revital Limited of £91,000, Stay Healthy Limited of £82,000, Nature

for Health Limited £20,000 and RVNV Properties Limited of £4,000.

At the year-end date, Debtors includes an amount of £262,470 due from RVNV Properties Limited. This amount

is interest free an repayable on demand.

Mr R Vora and Mrs N Vora have a beneficial interest in Stay Healthy Limited, Nature for Health Limited and

RVNV Properties Limited.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R S Vora, N Vora, and R R Vora.