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REGISTERED NUMBER: 13086670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17 DECEMBER 2020 TO 31 DECEMBER 2021

FOR

VALUE PARTNERSHIP VENTURES LTD

VALUE PARTNERSHIP VENTURES LTD (REGISTERED NUMBER: 13086670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 DECEMBER 2020 TO 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


VALUE PARTNERSHIP VENTURES LTD

COMPANY INFORMATION
FOR THE PERIOD 17 DECEMBER 2020 TO 31 DECEMBER 2021







DIRECTORS: Mrs J Court
S Court





REGISTERED OFFICE: 33 St James Square
London
SW1Y 4JS





REGISTERED NUMBER: 13086670 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

VALUE PARTNERSHIP VENTURES LTD (REGISTERED NUMBER: 13086670)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

Notes £    £   
FIXED ASSETS
Intangible assets 4 120,000
Tangible assets 5 330
120,330

CURRENT ASSETS
Debtors 6 63,087
Cash at bank 161,823
224,910
CREDITORS
Amounts falling due within one year 7 74,714
NET CURRENT ASSETS 150,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,526

PROVISIONS FOR LIABILITIES 63
NET ASSETS 270,463

CAPITAL AND RESERVES
Called up share capital 1,010
Share premium 139,000
Retained earnings 130,453
270,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





S Court - Director


VALUE PARTNERSHIP VENTURES LTD (REGISTERED NUMBER: 13086670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 DECEMBER 2020 TO 31 DECEMBER 2021

1. STATUTORY INFORMATION

Value Partnership Ventures Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

VALUE PARTNERSHIP VENTURES LTD (REGISTERED NUMBER: 13086670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 DECEMBER 2020 TO 31 DECEMBER 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 140,000
At 31 December 2021 140,000
AMORTISATION
Amortisation for period 20,000
At 31 December 2021 20,000
NET BOOK VALUE
At 31 December 2021 120,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 432
At 31 December 2021 432
DEPRECIATION
Charge for period 102
At 31 December 2021 102
NET BOOK VALUE
At 31 December 2021 330

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 51,630
Other debtors 8,851
Prepayments and accrued income 2,606
63,087

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 10,010
Tax 49,863
VAT 5,315
Other creditors 1,473
Directors' current accounts 3,408
Accruals and deferred income 4,645
74,714

8. RELATED PARTY DISCLOSURES

As at 31 December 2021, a total of £8,851 was due from Value-Net Limited, a company also controlled by Mr S and Mrs J Court.