Registered No. OC423635 (England and Wales)
Vault Group LLP
Unaudited accounts
for the year ended 31 December 2023
Vault Group LLP
LLP Information
for the year ended 31 December 2023
Designated members
Mr Walter Mansfield
Registered Number
OC423635 (England and Wales)
Registered Office
THIRD FLOOR
207 REGENT STREET
LONDON
W1B 3HH
UNITED KINGDOM
Accountants
2 Sisters Accounting Ltd
International House
12 Constance Street
London
E16 2DQ
Vault Group LLP
Statement of financial position
as at 31 December 2023
Tangible assets
3,473
1,396
Cash at bank and in hand
130,276
178,295
Creditors: amounts falling due within one year
(43,416)
(195,298)
Net current assets
246,541
187,323
Total assets less current liabilities
250,014
188,719
Creditors: amounts falling due after more than one year
(20,833)
(30,833)
Net assets attributable to members
229,181
157,886
Loans and other debts due to members
117,916
82,565
Members' capital classified as equity
1,000
1,000
Other reserves
110,265
74,321
Loans and other debts due to members
117,916
82,565
Members' other interests
111,265
75,321
For the year ending 31 December 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 22 August 2024.
Mr Jared Wade
Designated member
Limited Liability Partnership Registration No. OC423635
Vault Group LLP
Notes to the Accounts
for the year ended 31 December 2023
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line over 3 years
Vault Group LLP is a limited liability partnership, incorporated in England and Wales, registration number OC423635. Its registered office is THIRD FLOOR, 207 REGENT STREET, LONDON, W1B 3HH, UNITED KINGDOM.
3
Tangible fixed assets
Computer equipment
Vault Group LLP
Notes to the Accounts
for the year ended 31 December 2023
4
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
7,478
6,704
Taxes and social security costs
12,862
17,692
Other creditors
11,976
7,912
5
Creditors: amounts falling due after more than one year
2023
2022
6
Loans and other debts due to members
2023
2022
Loans from members
5,947
3,937
Amounts due to members in respect of profits
111,969
78,628
Amounts falling due within one year
117,916
82,565
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).