REGISTERED NUMBER: |
Report of the Members and |
Financial Statements for the Period 1 March 2023 to 5 April 2024 |
for |
VP Ventures LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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: |
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: |
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 | ) |
Other operating income |
OPERATING PROFIT/(LOSS) | ( |
) |
Interest receivable and similar income |
PROFIT/(LOSS) FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
( |
) |
VP Ventures LLP (Registered number: OC404435) |
Balance Sheet |
5 April 2024 |
5.4.24 | 28.2.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
Tangible fixed assets |
Computer equipment | - |
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 |
DEPRECIATION |
At 1 March 2023 |
Charge for period |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 28 February 2023 |
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 |
Disposals | ( |
) |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 28 February 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 28.2.23 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
5.4.24 | 28.2.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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'. |