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REGISTERED NUMBER: OC404435 (England and Wales)















Report of the Members and

Financial Statements for the Period 1 March 2023 to 5 April 2024

for

VP Ventures LLP

VP Ventures LLP (Registered number: OC404435)






Contents of the Financial Statements
for the Period 1 March 2023 to 5 April 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


VP Ventures LLP

General Information
for the Period 1 March 2023 to 5 April 2024







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)

Report of the Members
for the Period 1 March 2023 to 5 April 2024

The members present their report with the financial statements of the LLP for the period 1 March 2023 to 5 April 2024.

CESSATION OF TRADING
The LLP ceased trading on 5 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of investment in businesses.

DESIGNATED MEMBERS
The designated members during the period under review were:

A Chinnaraja
P W Altoft

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £2,473,375 (2023 - £3,149 loss).

MEMBERS' INTERESTS
In the event of winding up, other unsecured creditors would be paid first before any repayment of members' accounts.

ON BEHALF OF THE MEMBERS:





A Chinnaraja - Designated member


27 August 2024

VP Ventures LLP (Registered number: OC404435)

Income Statement
for the Period 1 March 2023 to 5 April 2024

Period
1.3.23
to Year Ended
5.4.24 28.2.23
£    £   

TURNOVER - -

Administrative expenses 44,813 3,149
(44,813 ) (3,149 )

Other operating income 2,505,974 -
OPERATING PROFIT/(LOSS) 2,461,161 (3,149 )

Interest receivable and similar income 12,214 -
PROFIT/(LOSS) FOR THE FINANCIAL
PERIOD BEFORE MEMBERS'
REMUNERATION AND PROFIT SHARES
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS




2,473,375




(3,149




)

VP Ventures LLP (Registered number: OC404435)

Balance Sheet
5 April 2024

5.4.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 548
Investments 5 - -
- 548

CURRENT ASSETS
Debtors 6 151 -
Cash at bank 4,234 14,093
4,385 14,093
CREDITORS
Amounts falling due within one year 7 1,330 2,975
NET CURRENT ASSETS 3,055 11,118
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

3,055

11,666

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

3,055

11,666

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 3,055 11,666

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 period ended 5 April 2024.

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
5 April 2024


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

The financial statements were approved by the members of the LLP and authorised for issue on 27 August 2024 and were signed by:





A Chinnaraja - Designated member

VP Ventures LLP (Registered number: OC404435)

Notes to the Financial Statements
for the Period 1 March 2023 to 5 April 2024

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.

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 period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 5 April 2024 5,328
DEPRECIATION
At 1 March 2023 4,780
Charge for period 548
At 5 April 2024 5,328
NET BOOK VALUE
At 5 April 2024 -
At 28 February 2023 548

VP Ventures LLP (Registered number: OC404435)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 5 April 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023 2
Disposals (2 )
At 5 April 2024 -
NET BOOK VALUE
At 5 April 2024 -
At 28 February 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 28.2.23
£    £   
Other debtors 151 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 28.2.23
£    £   
Trade creditors - 43
Taxation and social security - 2,352
Other creditors 1,330 580
1,330 2,975

8. LOANS AND OTHER DEBTS DUE TO MEMBERS
5.4.24 28.2.23
£    £   
Amounts owed to members in respect of profits 3,055 11,666

Falling due within one year 3,055 11,666

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of 'members other interests'.