Registration number:
100A VC LLP
for the period from 19 March 2025 to 31 March 2026
100A VC LLP
Contents
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Limited liability partnership information |
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Financial Statements |
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Balance Sheet |
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Notes to the Financial Statements |
100A VC LLP
Limited liability partnership information
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Designated members |
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Registered office |
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Accountants |
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100A VC LLP
(Registration number: OC455940)
Balance Sheet as at 31 March 2026
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Note |
2026 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash and short-term deposits |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities attributable to members |
( |
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Represented by: |
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Loans and other debts due to members |
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Other amounts |
(90,871) |
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(90,871) |
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Total members' interests |
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Loans and other debts due to members |
(90,871) |
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(90,871) |
For the year ending 31 March 2026 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.
These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.
The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.
100A VC LLP
(Registration number: OC455940)
Balance Sheet as at 31 March 2026
The financial statements of 100A VC LLP (registered number OC455940) were approved by the
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100A VC LLP
Notes to the Financial Statements for the Period from 19 March 2025 to 31 March 2026
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
General information and basis of accounting
The limited liability partnership is incorporated in under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of 100A VC LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
Going concern
The financial liquidity position of the LLP is such that it is well placed to manage its business risks successfully. The members expect that the LLP will have available resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting has been adopted in preparing the annual financial statements.
Exemption from preparing group accounts
The limited liability partnership is part of a small group. The limited liability partnership has taken advantage of the exemption provided by Section 399 (2A) of the Companies Act 2006, as applied to limited liability partnerships, and has not prepared group accounts.
Revenue recognition
Turnover represents advisory fees and is recognised over the period in which the advisory services are provided.
Taxation
The taxation payable on the LLP's profits is the personal liability of the members.
Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation.
100A VC LLP
Notes to the Financial Statements for the Period from 19 March 2025 to 31 March 2026
Depreciation
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Asset class |
Depreciation method and rate |
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Computer Equipment |
33% straight line basis |
Members' interests
A member's non-discretionary distribution is accounted for as remuneration charged as an expense in the profit and loss account after arriving at "profit for the financial period before members' remuneration and profit shares".
A member's discretionary share in the profit or the loss for the period is accounted for as an allocation of profits. Unallocated profits and losses are included within "other reserves".
Financial instruments
Recognition and Measurement
The LLP does not trade in financial instruments and all such instruments arise directly from
operations.
All trade and other debtors are initially recognised at transaction value, as none contain in substance
a financing transaction. Therefore trade and other debtors are reviewed for impairment where there is
objective evidence based on observable data that the balance may be impaired. The LLP does not
hold collateral against its trade and other receivables so its exposure to credit risk is the net balance
of trade and other debtors after allowance for impairment.
The LLP's cash holdings comprise on demand balances and deposit accounts. All cash is held with
banks with strong external credit ratings.
Trade and other creditors and accruals are initially recognised at transaction value as one represent a
financing transaction. They are only derecognised when they are extinguished.
As the LLP only has short term receivables and payables, its net current asset position is a
reasonable measure of its liquidity at any given time.
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Particulars of employees |
The average number of persons employed by the limited liability partnership during the period was
100A VC LLP
Notes to the Financial Statements for the Period from 19 March 2025 to 31 March 2026
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Tangible fixed assets |
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Office equipment |
Total |
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Cost |
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Additions |
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At 31 March 2026 |
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Depreciation |
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Charge for the year |
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At 31 March 2026 |
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Net book value |
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At 31 March 2026 |
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Debtors |
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2026 |
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Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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Total current trade and other debtors |
10,923 |
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Creditors: Amounts falling due within one year |
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2026 |
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Trade creditors |
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Other creditors |
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Accruals and deferred income |
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Related party transactions |
The entirety of the LLP's turnover is derived from a related party. At the year end £nil was outstanding in respect of this.
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Control |
The limited liability partnership is controlled by O Nordbye. The ultimate controlling party is the same as the controlling party.