Ashay Holdings LLP - LLP accounts 20.1

REGISTERED NUMBER: OC415899 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Ashay Holdings LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DESIGNATED MEMBERS:

F Stidolph

Mrs M Stidolph

A C McKendrick

H A Wardle

FWS Consultancy Limited

REGISTERED OFFICE:

The Hawthorns

Marsden Road

Cleadon

Sunderland

Tyne and Wear

SR6 7RA

REGISTERED NUMBER:

OC415899 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Franklin House

Stockton Road

Sedgefield

Co. Durham

TS21 2AG

The members present their report with the financial statements of the LLP for the year ended 31 March 2021.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of

DESIGNATED MEMBERS

The designated members during the year under review were:

F Stidolph

Mrs M Stidolph

A C McKendrick

H A Wardle

FWS Consultancy Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £7,083 (2020 - £5,759 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

F Stidolph - Designated member

23 November 2021

TURNOVER

12,240

11,020

Administrative expenses

(5,157

)

(5,261

)

OPERATING PROFIT and

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

7,083

5,759

FIXED ASSETS

Investment property

4

263,000

CREDITORS

Amounts falling due within one year

5

(900

)

(900

)

NET CURRENT LIABILITIES

(900

)

(900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

262,100

LOANS AND OTHER DEBTS DUE TO
MEMBERS

262,100

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

262,100

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 2021.

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 23 November 2021 and were signed by:

F Stidolph - Designated member

1.	STATUTORY INFORMATION

Ashay Holdings 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.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2020 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

and 31 March 2021

263,000

NET BOOK VALUE

At 31 March 2021

263,000

At 31 March 2020

263,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Other creditors

900