Medvest Technologies UK LLP Filleted Accounts Cover
Medvest Technologies UK LLP
Registered No. OC421745
Information for Filing with the Registrar
31 December 2021
Medvest Technologies UK LLP Balance Sheet Registrar
at
31 December 2021
Registered No.
OC421745
Notes
2021
2020
$
$
Fixed assets
Investments
5
57,673
57,673
57,673
57,673
Creditors: Amounts falling due within one year
6
(57,725)
(62,158)
Net current liabilities
(57,725)
(62,158)
Total assets less current liabilities
(52)
(4,485)
Net liabilities attributable to members
(52)
(4,485)
Represented by:
Members' other interests
Other reserves
(52)
(4,485)
(52)
(4,485)
(52)
(4,485)
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 December 2021 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit)(Application of Companies Act 2006) Regulations 2008) 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.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 01 August 2022
And signed on its behalf by designated member:
Medvest International Limited
Designated member
01 August 2022
Medvest Technologies UK LLP Notes to the Accounts Registrar
for the year ended 31 December 2021
1
General information
Its registered number is: OC421745
Its registered office is:
31c Lancaster Grove
London
Greater London
NW3 4EX
The functional and presentational currency of the company is US Dollar. The accounts are rounded to the nearest dollar.
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Investments
Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Members' Interests
Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.
Foreign currencies
The functional and presentational currency of the company is US Dollar. The accounts are rounded to the nearest dollar.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3
Information in relation to members
2021
2020
Number
Number
The average number of members during the year :
6
4
4
Employees
2021
2020
Number
Number
The average number of persons employed during the year was:
0
0
5
Investments
Other investments - Unlisted
Total
$
$
Cost or revaluation
At 1 January 2021
57,67357,673
At 31 December 2021
57,67357,673
Provisions and impairment
Net book values
At 31 December 2021
57,67357,673
At 31 December 2020
57,67357,673
6
Creditors:
amounts falling due within one year
2021
2020
$
$
Other creditors
56,98561,140
Accruals and deferred income
7401,018
57,72562,158
Medvest Technologies UK LLPOC42174531 December 202101 January 2021false01 August 2022BTCSoftware AP Solution 2022 9.3.019.3.01OC4217452021-01-012021-12-31OC4217452021-12-31OC421745bus:RegisteredOffice2021-01-012021-12-31OC4217452020-01-012020-12-31OC421745core:CostValuationcore:UnlistedNon-exchangeTraded2021-01-01OC421745core:CostValuation2021-01-01OC421745core:CostValuationcore:UnlistedNon-exchangeTraded2021-12-31OC421745core:UnlistedNon-exchangeTraded2021-12-31OC421745core:UnlistedNon-exchangeTraded2020-12-31OC4217452020-12-31OC421745core:WithinOneYear2021-12-31OC421745core:WithinOneYear2020-12-31OC4217452021-01-01OC421745bus:SmallEntities2021-01-012021-12-31OC421745bus:FullAccounts2021-01-012021-12-31OC421745bus:AuditExempt-NoAccountantsReport2021-01-012021-12-31OC421745bus:PartnerLLP62021-01-012021-12-31OC421745bus:LimitedLiabilityPartnershipLLP2021-01-012021-12-31xbrli:pureiso4217:USD