Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 OC327947 Mr Joaquin Gari De Sentmenat Medvest International Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC327947 2023-12-31 OC327947 2024-12-31 OC327947 2024-01-01 2024-12-31 OC327947 frs-core:CurrentFinancialInstruments 2024-12-31 OC327947 frs-core:FurnitureFittings 2024-12-31 OC327947 frs-core:FurnitureFittings 2024-01-01 2024-12-31 OC327947 frs-core:FurnitureFittings 2023-12-31 OC327947 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC327947 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 OC327947 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 OC327947 frs-bus:SmallEntities 2024-01-01 2024-12-31 OC327947 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC327947 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC327947 frs-core:UnlistedNon-exchangeTraded 2024-12-31 OC327947 frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC327947 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC327947 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 OC327947 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 OC327947 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 OC327947 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 OC327947 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 OC327947 frs-countries:EnglandWales 2024-01-01 2024-12-31 OC327947 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 OC327947 frs-bus:PartnerLLP2 2024-01-01 2024-12-31 OC327947 2022-12-31 OC327947 2023-12-31 OC327947 2023-01-01 2023-12-31 OC327947 frs-core:CurrentFinancialInstruments 2023-12-31
Registered number: OC327947
Medvest UK LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC327947
2024 2023
Notes $ $ $ $
FIXED ASSETS
Tangible Assets 4 - 454
Investments 5 559,035 1,193,432
559,035 1,193,886
CURRENT ASSETS
Debtors 6 1,204,424 1,251,986
Cash at bank and in hand 244 452
1,204,668 1,252,438
Creditors: Amounts Falling Due Within One Year 7 (68,687 ) (69,922 )
NET CURRENT ASSETS (LIABILITIES) 1,135,981 1,182,516
TOTAL ASSETS LESS CURRENT LIABILITIES 1,695,016 2,376,402
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,695,016 2,376,402
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 3,451,360 3,197,245
3,451,360 3,197,245
Equity
Members' other interests
Members' capital 2,246,458 2,246,458
Other reserves (4,002,802) (3,067,301)
(1,756,344) (820,843)
1,695,016 2,376,402
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 3,451,360 3,197,245
Members' other interests (1,756,344) (820,843)
1,695,016 2,376,402
Page 1
Page 2
For the year ending 31 December 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Joaquin Gari De Sentmenat
Designated Member
13/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Medvest UK LLP is a limited liability partnership, incorporated in England & Wales, registered number OC327947 . The Registered Office is Newfrith House, 21 Hyde Street, Winchester, England, SO23 7DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in US dollars which is the functional currency of the LLP.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
$
Cost
As at 1 January 2024 1,974
As at 31 December 2024 1,974
Depreciation
As at 1 January 2024 1,520
Provided during the period 454
As at 31 December 2024 1,974
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 454
Page 3
Page 4
5. Investments
Unlisted
$
Cost
As at 1 January 2024 1,193,432
Additions 123,234
Disposals (757,631 )
As at 31 December 2024 559,035
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 559,035
As at 1 January 2024 1,193,432
6. Debtors
2024 2023
$ $
Due within one year
Other debtors 1,204,424 1,251,986
7. Creditors: Amounts Falling Due Within One Year
2024 2023
$ $
Trade creditors 30,734 30,736
Other creditors 37,953 39,186
68,687 69,922
Page 4