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REGISTERED NUMBER: OC404435 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

VP Ventures LLP

VP Ventures LLP (Registered number: OC404435)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VP Ventures LLP

General Information
for the Year Ended 28 February 2023







DESIGNATED MEMBERS: A Chinnaraja
P W Altoft





REGISTERED OFFICE: Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY





REGISTERED NUMBER: OC404435 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

VP Ventures LLP (Registered number: OC404435)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 548 1,243

CURRENT ASSETS
Debtors 5 - 6,000
Cash at bank 14,093 17,452
14,093 23,452
CREDITORS
Amounts falling due within one year 6 2,975 9,830
NET CURRENT ASSETS 11,118 13,622
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

11,666

14,865

LOANS AND OTHER DEBTS DUE TO
MEMBERS

11,666

14,865

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11,666 14,865

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 28 February 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

VP Ventures LLP (Registered number: OC404435)

Balance Sheet - continued
28 February 2023


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 January 2024 and were signed by:





A Chinnaraja - Designated member

VP Ventures LLP (Registered number: OC404435)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

VP Ventures LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 5,328
DEPRECIATION
At 1 March 2022 4,085
Charge for year 695
At 28 February 2023 4,780
NET BOOK VALUE
At 28 February 2023 548
At 28 February 2022 1,243

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 6,000

VP Ventures LLP (Registered number: OC404435)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 43 583
Taxation and social security 2,352 3,797
Other creditors 580 5,450
2,975 9,830