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Company No: 11775314 (England and Wales)

VCP & PARTNERS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2023
Pages for filing with the registrar

VCP & PARTNERS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2023

Contents

VCP & PARTNERS LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2023
VCP & PARTNERS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2023
DIRECTORS J Macedo
C Pane
REGISTERED OFFICE 10 Tideway Yard 125 Mortlake High Street
London
SW14 8SN
England
United Kingdom
COMPANY NUMBER 11775314 (England and Wales)
VCP & PARTNERS LIMITED

BALANCE SHEET

As at 31 January 2023
VCP & PARTNERS LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 55,123 64,296
Investments 4 3,437,788 4,545,599
3,492,911 4,609,895
Current assets
Debtors 5 525,618 537,597
Cash at bank and in hand 2,330,665 1,679,406
2,856,283 2,217,003
Creditors: amounts falling due within one year 6 ( 40,487) ( 228,909)
Net current assets 2,815,796 1,988,094
Total assets less current liabilities 6,308,707 6,597,989
Net assets 6,308,707 6,597,989
Capital and reserves
Called-up share capital 210 210
Profit and loss account 6,308,497 6,597,779
Total shareholders' funds 6,308,707 6,597,989

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of VCP & Partners Limited (registered number: 11775314) were approved and authorised for issue by the Board of Directors on 22 October 2023. They were signed on its behalf by:

C Pane
Director
VCP & PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
VCP & PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

VCP & Partners Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Tideway Yard 125 Mortlake High Street, London, SW14 8SN, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for consultancy services provided in the normal course of business.

Income from the provision of services is recognised in the period in which the services are provided to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Other non-operating income

Other non-operating income comprises the profit or loss on disposal of fixed asset investments and the profit or loss on revaluation of fixed asset investments to fair value at the year-end.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 5 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Where the fair value of an investment cannot be measured reliably then investments are held at cost less any subsequent provision for impairment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 February 2022 69,950 8,269 78,219
Additions 0 7,913 7,913
At 31 January 2023 69,950 16,182 86,132
Accumulated depreciation
At 01 February 2022 9,327 4,596 13,923
Charge for the financial year 13,990 3,096 17,086
At 31 January 2023 23,317 7,692 31,009
Net book value
At 31 January 2023 46,633 8,490 55,123
At 31 January 2022 60,623 3,673 64,296

4. Fixed asset investments

Listed investments Other investments Total
£ £ £
Carrying value before impairment
At 01 February 2022 3,739,119 806,480 4,545,599
Additions 1,009,009 114,000 1,123,009
Disposals ( 2,027,511) 0 ( 2,027,511)
Movement in fair value ( 203,309) 0 ( 203,309)
At 31 January 2023 2,517,308 920,480 3,437,788
Provisions for impairment
At 01 February 2022 0 0 0
At 31 January 2023 0 0 0
Carrying value at 31 January 2023 2,517,308 920,480 3,437,788
Carrying value at 31 January 2022 3,739,119 806,480 4,545,599

5. Debtors

2023 2022
£ £
Trade debtors 0 40,934
Other debtors 525,618 496,663
525,618 537,597

6. Creditors: amounts falling due within one year

2023 2022
£ £
Taxation and social security 30,529 107,380
Other creditors 9,958 121,529
40,487 228,909

7. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 80,542) ( 67,420)
Credited/(charged) to the Profit and Loss Account 80,542 ( 13,122)
At the end of financial year 0 ( 80,542)

8. Financial commitments

Other financial commitments

The company has committed to make investments in an unlisted company. The total amount of undrawn capital commitments not included in the balance sheet at the year-end is £259,857.