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REGISTERED NUMBER: 13086685 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

VALUE PARTNERSHIP LIMITED

VALUE PARTNERSHIP LIMITED (REGISTERED NUMBER: 13086685)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VALUE PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: B Slatton





REGISTERED OFFICE: 6A Lambridge Buildings
Larkhall
Bath
Somerset
BA1 6RS





REGISTERED NUMBER: 13086685 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

VALUE PARTNERSHIP LIMITED (REGISTERED NUMBER: 13086685)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 140,000 210,000
Tangible assets 5 63,415 3,098
203,415 213,098

CURRENT ASSETS
Debtors 6 64,817 156,179
Cash at bank 218,561 130,900
283,378 287,079
CREDITORS
Amounts falling due within one year 7 (175,187 ) (197,556 )
NET CURRENT ASSETS 108,191 89,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,606

302,621

CREDITORS
Amounts falling due after more than one year 8 (150,000 ) (200,000 )

PROVISIONS FOR LIABILITIES (15,853 ) (589 )
NET ASSETS 145,753 102,032

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 145,653 101,932
145,753 102,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

VALUE PARTNERSHIP LIMITED (REGISTERED NUMBER: 13086685)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





B Slatton - Director


VALUE PARTNERSHIP LIMITED (REGISTERED NUMBER: 13086685)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Value Partnership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

VALUE PARTNERSHIP LIMITED (REGISTERED NUMBER: 13086685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 350,000
AMORTISATION
At 1 January 2023 140,000
Amortisation for year 70,000
At 31 December 2023 210,000
NET BOOK VALUE
At 31 December 2023 140,000
At 31 December 2022 210,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 984 - 3,899 4,883
Additions 350 65,120 3,458 68,928
At 31 December 2023 1,334 65,120 7,357 73,811
DEPRECIATION
At 1 January 2023 320 - 1,465 1,785
Charge for year 229 6,783 1,599 8,611
At 31 December 2023 549 6,783 3,064 10,396
NET BOOK VALUE
At 31 December 2023 785 58,337 4,293 63,415
At 31 December 2022 664 - 2,434 3,098

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,129 105,713
Other debtors 2,688 50,466
64,817 156,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 53,669 20,770
Taxation and social security 59,762 80,172
Other creditors 61,756 96,614
175,187 197,556

VALUE PARTNERSHIP LIMITED (REGISTERED NUMBER: 13086685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 150,000 200,000