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REGISTERED NUMBER: OC373911 (England and Wales)















Quam VC LLP

Report of the Members and

Unaudited Financial Statements For The Year Ended 30 June 2024






Quam VC LLP (Registered number: OC373911)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Quam VC LLP

General Information
For The Year Ended 30 June 2024







DESIGNATED MEMBERS: J Parkash
V Singh
Teiko Private Equity & Real Estate Fund





REGISTERED OFFICE: Upton End Farm Business Park
Meppershall Road
Shillington
Bedfordshire
SG5 3PF





REGISTERED NUMBER: OC373911 (England and Wales)





ACCOUNTANTS: Premier Accountancy
Upton End Farm Business Park
Meppershall Road
Shillington
Bedfordshire
SG5 3PF

Quam VC LLP (Registered number: OC373911)

Report of the Members
For The Year Ended 30 June 2024

The members present their report with the financial statements of the LLP for the year ended 30 June 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of business consultancy and raising of venture capital.

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

J Parkash
V Singh

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £7,157 (2023 - £4,909 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





J Parkash - Designated member


18 February 2025

Quam VC LLP (Registered number: OC373911)

Income Statement
For The Year Ended 30 June 2024

2024 2023
Notes £    £   

TURNOVER - -

Administrative expenses 5,689 4,143
OPERATING LOSS 4 (5,689 ) (4,143 )


Interest payable and similar expenses 1,468 766
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


(7,157


)


(4,909


)

LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


(7,157


)


(4,909


)

Members' remuneration charged as an expense 5 7,157 4,909
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

Quam VC LLP (Registered number: OC373911)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 323 441

CURRENT ASSETS
Debtors 7 101,314 100,408
Cash at bank 29 -
101,343 100,408
CREDITORS
Amounts falling due within one year 8 50,000 50,003
NET CURRENT ASSETS 51,343 50,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,666

50,846

CREDITORS
Amounts falling due after more than one year 9 51,666 50,846
NET LIABILITIES ATTRIBUTABLE TO
MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

TOTAL MEMBERS' INTERESTS
Amounts due from members 7 (101,302 ) (100,396 )

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 30 June 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.

Quam VC LLP (Registered number: OC373911)

Balance Sheet - continued
30 June 2024


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 February 2025 and were signed by:




J Parkash - Designated member




V Singh - Designated member


Quam VC LLP (Registered number: OC373911)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Quam VC 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEE INFORMATION

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

4. OPERATING LOSS

The operating loss is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 118 118

5. INFORMATION IN RELATION TO MEMBERS
2024 2023
£    £   
Members' remuneration charged as an expense
Automatic division of loss (7,157 ) (4,909 )

Quam VC LLP (Registered number: OC373911)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 559
DEPRECIATION
At 1 July 2023 118
Charge for year 118
At 30 June 2024 236
NET BOOK VALUE
At 30 June 2024 323
At 30 June 2023 441

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 101,314 100,408

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 3
Other creditors 50,000 50,000
50,000 50,003

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 51,666 50,846