IRIS Accounts Production v24.2.0.383 SO303660 designated member 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSO3036602023-03-31SO3036602024-03-31SO3036602023-04-012024-03-31SO3036602022-03-31SO3036602022-04-012023-03-31SO3036602023-03-31SO303660ns15:Scotland2023-04-012024-03-31SO303660ns14:PoundSterling2023-04-012024-03-31SO303660ns10:PartnerLLP12023-04-012024-03-31SO303660ns10:LimitedLiabilityPartnershipLLP2023-04-012024-03-31SO303660ns10:SmallEntities2023-04-012024-03-31SO303660ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31SO303660ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SO303660ns10:LimitedLiabilityPartnershipsSORP2023-04-012024-03-31SO303660ns10:FullAccounts2023-04-012024-03-31SO303660ns10:PartnerLLP22023-04-012024-03-31SO303660ns10:RegisteredOffice2023-04-012024-03-31SO303660ns5:CurrentFinancialInstruments2024-03-31SO303660ns5:CurrentFinancialInstruments2023-03-31SO303660ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SO303660ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: SO303660 (Scotland)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ness Ventures LLP

Ness Ventures LLP (Registered number: SO303660)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Chartered Accountants' Report 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


Ness Ventures LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: L J Dalgarno
R A Dalgarno





REGISTERED OFFICE: 33 Harbour Road
Inverness
IV1 1UA





REGISTERED NUMBER: SO303660 (Scotland)






Ness Ventures LLP (Registered number: SO303660)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

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

L J Dalgarno
R A Dalgarno

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £83,266 (2023 - £274 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





L J Dalgarno - Designated member


18 September 2024

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Ness Ventures LLP


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Ness Ventures LLP for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Ness Ventures LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ness Ventures LLP and state those matters that we have agreed to state to the members of Ness Ventures LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ness Ventures LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Ness Ventures LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ness Ventures LLP. You consider that Ness Ventures LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ness Ventures LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.








18 September 2024

Ness Ventures LLP (Registered number: SO303660)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
£    £   

TURNOVER - -

Administrative expenses 83,266 274
OPERATING LOSS and
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





(83,266





)





(274





)

Ness Ventures LLP (Registered number: SO303660)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 15,469 83,393
Cash at bank - 554
15,469 83,947
CREDITORS
Amounts falling due within one year 5 8,218 6,218
NET CURRENT ASSETS 7,251 77,729
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

7,251

77,729

Ness Ventures LLP (Registered number: SO303660)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

7,246

77,724

MEMBERS' OTHER INTERESTS
Capital accounts 5 5
7,251 77,729

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

7,246

77,724
Members' other interests 5 5
Amounts due from members 4 (12,788 ) -
(5,537 ) 77,729

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 year ended 31 March 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.

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 18 September 2024 and were signed by:




L J Dalgarno - Designated member

Ness Ventures LLP (Registered number: SO303660)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ness Ventures LLP is registered in Scotland. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the companies Act 2006.
The financial statements have been prepared under historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2023 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts due from members 12,788 -
Other debtors 2,681 83,393
15,469 83,393

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 8,218 6,218

6. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £6,218 (2023 : £6,218) due to North ventures Property Ltd.

All companies are connected to the members.