Vecta Risk Partners LLP Filleted Accounts Cover
Vecta Risk Partners LLP
Registered No. OC413064
Information for Filing with the Registrar
31 December 2023
Vecta Risk Partners LLP Balance Sheet Registrar
at
31 December 2023
Registered No.
OC413064
Notes
2023
2022
£
£
Fixed assets
Tangible assets
5
2,706
3,383
2,706
3,383
Current assets
Cash at bank and in hand
12,123
7,104
12,123
7,104
Creditors: Amounts falling due within one year
6
(6)
(175)
Net current assets
12,117
6,929
Total assets less current liabilities
14,823
10,312
Net assets attributable to members
14,823
10,312
Represented by:
Members' other interests
Other reserves
14,823
10,312
14,823
10,312
14,823
10,312
These accounts have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
For the year ended 31 December 2023 the LLP 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) 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.
As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the members on 08 April 2024 and signed on its behalf by:
V.B. Townend
Designated member
08 April 2024
Vecta Risk Partners LLP Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Vecta Risk Partners LLP is a limited liability partnership and incorporated in England and Wales.
Its registered number is: OC413064
Its registered office is:
3 Lloyd's Avenue
London
England
EC3N 3DS
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.
2
Accounting policies
Members' remuneration and division of profits
Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Furniture, fittings and equipment
20% Reducing balance
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
3
Information in relation to members
2023
2022
Number
Number
The average number of members during the year :
3
3
2023
2022
£
£
Salaries
-
84,000
-
84,000
4
Employees
2023
2022
Number
Number
The average number of persons employed during the year was:
0
0
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost
At 1 January 2023
5,2865,286
At 31 December 2023
5,2865,286
Depreciation
At 1 January 2023
1,9031,903
Charge for the year
677677
At 31 December 2023
2,5802,580
Net book values
At 31 December 2023
2,7062,706
At 31 December 2022
3,383
3,383
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
--
Trade creditors
6175
6175
Vecta Risk Partners LLPOC41306431 December 202301 January 2023false08 April 2024BTCSoftware AP Solution 2023 10.4.2010.4.20OC4130642023-01-012023-12-31OC4130642023-12-31OC413064countries:UnitedKingdom2023-01-012023-12-31OC413064bus:RegisteredOffice2023-01-012023-12-31OC413064core:FurnitureFittingsToolsEquipment2023-01-012023-12-31OC4130642022-01-012022-12-31OC413064core:FurnitureFittingsToolsEquipment2023-01-01OC4130642023-01-01OC413064core:FurnitureFittingsToolsEquipment2023-12-31OC413064core:FurnitureFittingsToolsEquipment2022-12-31OC4130642022-12-31OC413064core:WithinOneYear2023-12-31OC413064core:WithinOneYear2022-12-31OC413064bus:SmallEntities2023-01-012023-12-31OC413064bus:FullAccounts2023-01-012023-12-31OC413064bus:AuditExempt-NoAccountantsReport2023-01-012023-12-31OC413064bus:PartnerLLP22023-01-012023-12-31OC413064bus:LimitedLiabilityPartnershipLLP2023-01-012023-12-31xbrli:pureiso4217:GBP