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REGISTERED NUMBER: OC431749 (England and Wales)












VALE DESIGN PARTNERSHIP LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






VALE DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC431749)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VALE DESIGN PARTNERSHIP LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DESIGNATED MEMBERS: B Davies
K R Davies





REGISTERED OFFICE: 72 Brynheulog
Griffithstown
Torfaen
NP4 5QU





REGISTERED NUMBER: OC431749 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

VALE DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC431749)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 5,661 4,753
Cash at bank 35,135 46,391
40,796 51,144
CREDITORS
Amounts falling due within one year 5 14,597 13,805
NET CURRENT ASSETS 26,199 37,339
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

26,199

37,339

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

26,199

37,339

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 26,199 37,339
Amounts due from members 4 (1,675 ) -
24,524 37,339

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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 12 September 2024 and were signed by:





B Davies - Designated member

VALE DESIGN PARTNERSHIP LLP (REGISTERED NUMBER: OC431749)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Vale Design Partnership 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.

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

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

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts arc shown within borrowings in current liabilities

Debtors
Short term debtors are measured at transaction price, less any impairment.

Financial instruments
The LLP enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, accruals and other creditors. Short term debtors are measured at transaction price less any impairment. Short term creditors are measured at the transaction price.

Members' drawings
The members are entitled to draw monthly, on account of profit, such sums as may from time to time be mutually agreed

Tax provisions
Taxation on the profits of the LLP is solely the liability of the individual members. Thefore, neither income tax nor deferred tax airsing in respect of the LLP's profit is included within the financial statements.

3. EMPLOYEE INFORMATION

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,986 4,753
Other debtors 1,675 -
5,661 4,753

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,597 11,005
Other creditors 3,000 2,800
14,597 13,805

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

There are no other creditors that would rank in relation to the event of a winding up.