Asra Management Services LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC389131 (England and Wales)

ASRA MANAGEMENT SERVICES LLP

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017

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:

71-75 Shelton Street

London

WC2H 9JQ

REGISTERED NUMBER:

OC389131 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

79 College Road

Harrow

HA1 1BD

FIXED ASSETS

Tangible assets

4

12,806

37,544

Investments

5

250,000

262,806

287,544

CURRENT ASSETS

Debtors

6

182,727

209,807

Cash at bank

184,311

-

367,038

209,807

CREDITORS

Amounts falling due within one year

7

9,685

39,611

NET CURRENT ASSETS

357,353

170,196

TOTAL ASSETS LESS CURRENT
LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

620,159

457,740

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

581,159

418,740

MEMBERS' OTHER INTERESTS

Capital accounts

39,000

620,159

457,740

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

9

581,159

418,740

Members' other interests

39,000

Amounts due from members

6

(3,727

)

(26,007

)

616,432

431,733

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 2017.

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 31 August 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

and 30 November 2017

98,952

DEPRECIATION

At 1 December 2016

61,408

Charge for year

24,738

At 30 November 2017

86,146

NET BOOK VALUE

At 30 November 2017

12,806

At 30 November 2016

37,544

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2016

and 30 November 2017

250,000

NET BOOK VALUE

At 30 November 2017

250,000

At 30 November 2016

250,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

179,000

183,800

Other debtors

3,727

26,007

182,727

209,807

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Bank loans and overdrafts (see note 8)

-

18,272

Taxation and social security

6,685

18,339

Other creditors

3,000

9,685

39,611

8.

LOANS

An analysis of the maturity of loans is given below:

2017

2016

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

18,272

9.

LOANS AND OTHER DEBTS DUE TO MEMBERS

2017

2016

£

Loans from members

398,078

Amounts owed to members in respect of profits

183,081

20,662

581,159

418,740

Falling due within one year

183,081

20,662

Falling due after more than one year

398,078

581,159

418,740

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are R S Vora, Mrs N Vora and R R Vora

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

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