Vecta Risk Partners LLP Filleted Accounts Cover |
Registered No. OC413064 | |||||||||
Vecta Risk Partners LLP Balance Sheet Registrar |
at | ||||||||||
Registered No. | Notes | 2021 | 2020 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 6 | 4,229 | - | |||||||
4,229 | - | |||||||||
Current assets | ||||||||||
Debtors | 7 | 64,146 | - | |||||||
Cash at bank and in hand | 41,459 | - | ||||||||
105,605 | - | |||||||||
Creditors: Amounts falling due within one year | 8 | (32,621) | (173,990) | |||||||
Net current assets/(liabilities) | 72,984 | (173,990) | ||||||||
Total assets less current liabilities | 77,213 | (173,990) | ||||||||
Creditors: Amounts falling due after more than one year | 9 | - | (1,100,000) | |||||||
Net assets/(liabilities) attributable to members | 77,213 | (1,273,990) | ||||||||
Represented by: | ||||||||||
Members' other interests | ||||||||||
Other reserves | 77,213 | (1,273,990) | ||||||||
77,213 | (1,273,990) | |||||||||
77,213 | (1,273,990) | |||||||||
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 03 August 2022 | ||||||||||
And signed on its behalf by designated member: | ||||||||||
V.B. Townend | ||||||||||
Designated member | ||||||||||
03 August 2022 |
Vecta Risk Partners LLP Notes to the Accounts Registrar |
for the year ended 31 December 2021 | ||||||||||||||||
1 | General information | |||||||||||||||
Its registered number is: OC413064 | ||||||||||||||||
Its registered office is: | ||||||||||||||||
On 1st July 2021 Castel Underwriting Agencies Ltd sold its share of the partnership to the individual members. Following the sale of its share in the partnership, Castel Underwriting Agencies Ltd resigned as a corporate member of the LLP. | ||||||||||||||||
Going concern | ||||||||||||||||
2 | Accounting policies |
Members' remuneration and division of profits | ||||||||||||||||
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'.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. | ||||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||||
Furniture, fittings and equipment | ||||||||||||||||
Foreign currencies | ||||||||||||||||
Taxation | ||||||||||||||||
3 | Information in relation to members | |||||||||||||||
2021 | 2020 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of members during the year : | 3 | 4 | ||||||||||||||
2021 | 2020 | |||||||||||||||
£ | £ | |||||||||||||||
Salaries | 330,500 | 236,667 | ||||||||||||||
330,500 | 236,667 | |||||||||||||||
4 | Employees | |||||||||||||||
2021 | 2020 | |||||||||||||||
Number | Number | |||||||||||||||
The average number of persons employed during the year was: | ||||||||||||||||
5 | Tangible fixed assets | |||||||||||||||
Fixtures, fittings and equipment | Total | |||||||||||||||
£ | £ | |||||||||||||||
Cost | ||||||||||||||||
Additions | ||||||||||||||||
At 31 December 2021 | ||||||||||||||||
Depreciation | ||||||||||||||||
Charge for the year | ||||||||||||||||
At 31 December 2021 | ||||||||||||||||
Net book values | ||||||||||||||||
At 31 December 2021 | ||||||||||||||||
6 | Debtors | |||||||||||||||
2021 | 2020 | |||||||||||||||
£ | £ | |||||||||||||||
Other debtors | ||||||||||||||||
7 | Creditors: | |||||||||||||||
amounts falling due within one year | ||||||||||||||||
2021 | 2020 | |||||||||||||||
£ | £ | |||||||||||||||
Other loans | ||||||||||||||||
Trade creditors | ||||||||||||||||
Amounts owed to group undertakings | ||||||||||||||||
8 | Creditors: | |||||||||||||||
amounts falling due after more than one year | ||||||||||||||||
2021 | 2020 | |||||||||||||||
£ | £ | |||||||||||||||
Amounts owed to group undertakings | ||||||||||||||||
9 | Related party disclosures | |||||||||||||||
2021 | 2020 | |||||||||||||||
Transactions with related parties | £ | £ | ||||||||||||||
Name of related party | ||||||||||||||||
Description of transaction and general amounts involved | ||||||||||||||||
Amount due from/(to) the related party | ( | |||||||||||||||
Amounts written off in the period in respect of debts from/(to) the related party | ||||||||||||||||