Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312true2022-04-01falseNo description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. OC439246 2022-04-01 2023-03-31 OC439246 2021-04-01 2022-03-31 OC439246 2023-03-31 OC439246 2022-03-31 OC439246 c:OfficeEquipment 2022-04-01 2023-03-31 OC439246 c:OfficeEquipment 2023-03-31 OC439246 c:OfficeEquipment 2022-03-31 OC439246 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 OC439246 c:CurrentFinancialInstruments 2023-03-31 OC439246 c:CurrentFinancialInstruments 2022-03-31 OC439246 c:CurrentFinancialInstruments 2 2023-03-31 OC439246 c:CurrentFinancialInstruments 2 2022-03-31 OC439246 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 OC439246 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 OC439246 e:FRS102 2022-04-01 2023-03-31 OC439246 e:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 OC439246 e:FullAccounts 2022-04-01 2023-03-31 OC439246 e:LimitedLiabilityPartnershipLLP 2022-04-01 2023-03-31 OC439246 e:PartnerLLP1 2022-04-01 2023-03-31 OC439246 c:OtherCapitalInstrumentsClassifiedAsEquity 2023-03-31 OC439246 c:OtherCapitalInstrumentsClassifiedAsEquity 2022-03-31 OC439246 c:FurtherSpecificReserve2ComponentTotalEquity 2023-03-31 OC439246 c:FurtherSpecificReserve2ComponentTotalEquity 2022-03-31 iso4217:GBP xbrli:pure
Registered number: OC439246














VALINVEST RE LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

 
VALINVEST RE LLP
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
VALINVEST RE LLP
REGISTERED NUMBER:OC439246

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,528
399

Current assets
  

Debtors: amounts falling due within one year
 5 
371,182
102,832

Cash at bank and in hand
  
44,784
63,490

  
415,966
166,322

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(12,966)
(6,000)

Net current assets
  
 
 
403,000
 
 
160,322

  

Net assets
  
404,528
160,721


Represented by:
  

Loans and other debts due to members within one year
  

Members' other interests
  

Members' capital classified as equity
  
10,000
10,000

Other reserves classified as equity
  
394,528
150,721

  
404,528
160,721


Total members' interests
  

Amounts due from members (included in debtors)
 5 
(351,048)
(91,801)

Members' other interests
  
404,528
160,721

  
53,480
68,920


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity 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.

Page 1

 
VALINVEST RE LLP
REGISTERED NUMBER:OC439246
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 20 October 2023.




C Champy
Designated member

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
VALINVEST RE LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Valinvest RE LLP (the "LLP") is a limited liability partnership incorporated in England and Wales. Its registered office address is at Kensington Pavillion, 96 Kensington High Street, London, W8 4SG.
The principal activity of the LLP is providing investment advisory services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice "Accounting by Limited Liability Partnerships".

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

The LLP's functional and presentational currency is £ sterling.
Foreign currency transactions are translated into the functional currency using the spot exchange
rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the LLP and turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.
Turnover consists of investment advisory fees, which are recognised in the period the service is provided.

 
2.4

Taxation

No provision for taxation on the profits of the LLP has been made in the financial statements. Each member is exclusively liable for any tax liabilities arising out of their interest in the LLP, which will be assessed on the individual members and not the LLP.

Page 3

 
VALINVEST RE LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the LLP assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.


3.


Employees

There are no employees other than the members, who do not have contracts of employment. 


Page 4

 
VALINVEST RE LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2022
413


Additions
1,514



At 31 March 2023

1,927



Depreciation


At 1 April 2022
14


Charge for the year on owned assets
385



At 31 March 2023

399



Net book value



At 31 March 2023
1,528



At 31 March 2022
399


5.


Debtors

2023
2022
£
£


Other debtors
11,736
7,112

Prepayments and accrued income
8,398
3,919

Amounts due from members
351,048
91,801

371,182
102,832


Page 5

 
VALINVEST RE LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
  
9,724
3,000

Accruals and deferred income
  
3,242
3,000

  
12,966
6,000


 
Page 6