Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 OC423635 Mr Jared Wade Mr Walter Mansfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC423635 2023-12-31 OC423635 2024-12-31 OC423635 2024-01-01 2024-12-31 OC423635 frs-core:CurrentFinancialInstruments 2024-12-31 OC423635 frs-core:Non-currentFinancialInstruments 2024-12-31 OC423635 frs-core:ComputerEquipment 2024-12-31 OC423635 frs-core:ComputerEquipment 2024-01-01 2024-12-31 OC423635 frs-core:ComputerEquipment 2023-12-31 OC423635 frs-bus:LimitedLiabilityPartnershipLLP 2024-01-01 2024-12-31 OC423635 frs-bus:LimitedLiabilityPartnershipsSORP 2024-01-01 2024-12-31 OC423635 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 OC423635 frs-bus:SmallEntities 2024-01-01 2024-12-31 OC423635 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 OC423635 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 OC423635 frs-countries:EnglandWales 2024-01-01 2024-12-31 OC423635 frs-bus:PartnerLLP1 2024-01-01 2024-12-31 OC423635 frs-bus:PartnerLLP2 2024-01-01 2024-12-31 OC423635 2022-12-31 OC423635 2023-12-31 OC423635 2023-01-01 2023-12-31 OC423635 frs-core:CurrentFinancialInstruments 2023-12-31 OC423635 frs-core:Non-currentFinancialInstruments 2023-12-31
Registered number: OC423635
Vault Group LLP
Unaudited Financial Statements
For The Year Ended 31 December 2024
2 Sisters Accounting ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC423635
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,156 3,473
5,156 3,473
CURRENT ASSETS
Debtors 5 597,978 159,681
Cash at bank and in hand 204,689 130,276
802,667 289,957
Creditors: Amounts Falling Due Within One Year 6 (357,990 ) (43,416 )
NET CURRENT ASSETS (LIABILITIES) 444,677 246,541
TOTAL ASSETS LESS CURRENT LIABILITIES 449,833 250,014
Creditors: Amounts Falling Due After More Than One Year 7 (10,833 ) (20,833 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 439,000 229,181
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability 286,743 117,916
286,743 117,916
Equity
Members' other interests
Members' capital 1,000 1,000
Other reserves 151,257 110,265
152,257 111,265
439,000 229,181
TOTAL MEMBERS' INTEREST
Loans and other debts due to members 286,743 117,916
Members' other interests 152,257 111,265
439,000 229,181
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 Jared Wade
Designated Member
26/08/2025
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
Vault Group LLP is a limited liability partnership, incorporated in England & Wales, registered number OC423635 . The Registered Office is Third Floor, 207 Regent Street, London, W1B 3HH.
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 sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Computer Equipment Straight line over 3 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling 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
Computer Equipment
£
Cost
As at 1 January 2024 6,281
Additions 3,151
As at 31 December 2024 9,432
Depreciation
As at 1 January 2024 2,808
Provided during the period 1,468
As at 31 December 2024 4,276
Net Book Value
As at 31 December 2024 5,156
As at 1 January 2024 3,473
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 585,275 152,547
Other debtors 12,703 7,134
597,978 159,681
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,376 7,478
Bank loans and overdrafts 10,000 10,000
Other loans 12,403 11,977
Other creditors 243,248 1,100
Taxation and social security 86,963 12,861
357,990 43,416
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,833 20,833
Page 4