Company No:
Contents
DIRECTORS | J Macedo |
C Pane |
REGISTERED OFFICE | 10 Tideway Yard 125 Mortlake High Street |
London | |
SW14 8SN | |
England | |
United Kingdom |
COMPANY NUMBER | 11775314 (England and Wales) |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
Investments | 4 |
|
|
|
5,398,100 | 3,492,911 | |||
Current assets | ||||
Debtors | ||||
- due within one year | 5 |
|
|
|
- due after more than one year | 5 |
|
|
|
Cash at bank and in hand |
|
|
||
1,435,815 | 2,856,283 | |||
Creditors: amounts falling due within one year | 6 | (
|
(
|
|
Net current assets | 1,433,572 | 2,815,796 | ||
Total assets less current liabilities | 6,831,672 | 6,308,707 | ||
Provision for liabilities | 7 | (
|
|
|
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account |
|
|
||
Total shareholders' funds |
|
|
Directors' responsibilities:
The financial statements of VCP & Partners Limited (registered number:
C Pane
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
VCP & Partners Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 10 Tideway Yard 125 Mortlake High Street, London, SW14 8SN, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Income from the provision of services is recognised in the period in which the services are provided to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Other non-operating income comprises the profit or loss on disposal of fixed asset investments and the profit or loss on revaluation of fixed asset investments to fair value at the year-end.
Vehicles |
|
Office equipment |
|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Where the fair value of an investment cannot be measured reliably then investments are held at cost less any subsequent provision for impairment.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the company during the year, including directors |
|
|
Vehicles | Office equipment | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 February 2023 |
|
|
|
||
Additions |
|
|
|
||
At 31 January 2024 |
|
|
|
||
Accumulated depreciation | |||||
At 01 February 2023 |
|
|
|
||
Charge for the financial year |
|
|
|
||
At 31 January 2024 |
|
|
|
||
Net book value | |||||
At 31 January 2024 |
|
|
|
||
At 31 January 2023 |
|
|
|
Listed investments | Other investments | Total | |||
£ | £ | £ | |||
Cost or valuation before impairment | |||||
At 01 February 2023 |
|
|
|
||
Additions |
|
|
|
||
Movement in fair value |
|
|
|
||
At 31 January 2024 |
|
|
|
||
Carrying value at 31 January 2024 |
|
|
|
||
Carrying value at 31 January 2023 |
|
|
|
2024 | 2023 | ||
£ | £ | ||
Debtors: amounts falling due within one year | |||
Amounts owed by directors (note 8) |
|
|
|
Prepayments and accrued income |
|
|
|
Corporation tax |
|
|
|
Other debtors |
|
|
|
|
|
||
Debtors: amounts falling due after more than one year | |||
Other debtors |
|
|
2024 | 2023 | ||
£ | £ | ||
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
At the beginning of financial year |
|
(
|
|
(Charged)/credited to the Profit and Loss Account | (
|
|
|
At the end of financial year | (
|
|
Transactions with the entity's directors
2024 | 2023 | ||
£ | £ | ||
Loans to director | 339,783 | 0 |
During the year the company made a loan to a director of £350,000. The loan is repayable on demand and attracts interest at 2% per annum to 5 April 2023 and 2.25% per annum thereafter. Other amounts advanced to and repaid by the director are interest free and repayable on demand. At the year-end the director owed the company £339,783.