VP Law Limited 08415553 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is acting as a member of Veitch Penny Solicitors LLP and providing advice and support to this business in accordance with its role as set out in the members' agreement. The Company ceased to be a member of Veitch Penny Solicitors LLP on the 11th October 2013 and has not traded since this date. Digita Accounts Production Advanced 6.30.9574.0 true 08415553 2023-04-01 2024-03-31 08415553 2024-03-31 08415553 core:RetainedEarningsAccumulatedLosses 2024-03-31 08415553 core:ShareCapital 2024-03-31 08415553 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 08415553 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08415553 bus:SmallEntities 2023-04-01 2024-03-31 08415553 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08415553 bus:FullAccounts 2023-04-01 2024-03-31 08415553 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08415553 bus:RegisteredOffice 2023-04-01 2024-03-31 08415553 bus:Director1 2023-04-01 2024-03-31 08415553 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08415553 countries:EnglandWales 2023-04-01 2024-03-31 08415553 2022-04-01 2023-03-31 08415553 2023-03-31 08415553 core:RetainedEarningsAccumulatedLosses 2023-03-31 08415553 core:ShareCapital 2023-03-31 08415553 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

VP Law Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2024

Registration number: 08415553

 

VP Law Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

VP Law Limited

Balance Sheet

31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

38,757

39,928

Creditors: Amounts falling due within one year

5

(470)

(1,175)

Net assets

 

38,287

38,753

Capital and reserves

 

Called up share capital

200

200

Profit and loss account

38,087

38,553

Shareholders' funds

 

38,287

38,753

 

VP Law Limited

Balance Sheet

31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 August 2024 and signed on its behalf by:
 

.........................................
Mr C E R Dowell
Director

Company Registration Number: 08415553

 

VP Law Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Lyndhurst Road
St Leonards
Exeter
Devon
EX2 4PA

These financial statements were authorised for issue by the Board on 14 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 incorporating Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

VP Law Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Other creditors;
• Other financial assets.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

 

VP Law Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

39,928

39,928

Revaluations

(1,171)

(1,171)

At 31 March 2024

38,757

38,757

Impairment

Carrying amount

At 31 March 2024

38,757

38,757

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

470

1,175