Company No: 11775314 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Juliana Macedo
	Camillo Pane

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

11775314 (England and Wales)

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	1,806		21,690
Investments	4	5,088,836		5,335,012
		5,090,642		5,356,702
Current assets
Debtors
- due within one year	5	976,097		610,517
- due after more than one year	5	551,717		526,717
Cash at bank and in hand		960,792		1,157,206
		2,488,606		2,294,440
Creditors: amounts falling due within one year	6	( 24,192)		( 66,677)
Net current assets		2,464,414		2,227,763
Total assets less current liabilities		7,555,056		7,584,465
Provision for liabilities	7	( 290,747)		( 296,399)
Net assets		7,264,309		7,288,066
Capital and reserves
Called-up share capital		210		210
Profit and loss account		7,264,099		7,287,856
Total shareholders' funds		7,264,309		7,288,066

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of VCP & Partners Limited (registered number: 11775314) were approved and authorised for issue by the Board of Directors on 23 October 2026. They were signed on its behalf by:

C Pane Director

1. Accounting policies

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.

General information and basis of accounting

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 22 Chancery Lane, London, WC2A 1LS, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
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 is 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

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.

Fixed asset investments

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. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	2		3

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2025	88,072		88,072
Additions	1,607		1,607
Disposals	( 69,950)		( 69,950)
At 31 January 2026	19,729		19,729
Accumulated depreciation
At 01 February 2025	66,382		66,382
Charge for the financial year	8,280		8,280
Disposals	( 56,739)		( 56,739)
At 31 January 2026	17,923		17,923
Net book value
At 31 January 2026	1,806		1,806
At 31 January 2025	21,690		21,690

4. Fixed asset investments

	Listed investments		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 February 2025	4,256,710		1,078,302		5,335,012
Additions	0		28,359		28,359
Disposals	( 251,932)		0		( 251,932)
Movement in fair value	( 22,603)		0		( 22,603)
At 31 January 2026	3,982,175		1,106,661		5,088,836
Carrying value at 31 January 2026	3,982,175		1,106,661		5,088,836
Carrying value at 31 January 2025	4,256,710		1,078,302		5,335,012

5. Debtors

	2026		2025
	£		£
Debtors: amounts falling due within one year
Trade debtors	3,112		0
Other debtors	972,985		610,517
	976,097		610,517
Debtors: amounts falling due after more than one year
Other debtors	551,717		526,717

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	11,394		12,208
Taxation and social security	7,703		48,404
Other creditors	5,095		6,065
	24,192		66,677

7. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 296,399)		( 125,901)
Credited/(charged) to the Profit and Loss Account	5,652		( 170,498)
At the end of financial year	( 290,747)		( 296,399)

8. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Loan to director	376,371		11,035

The opening balance due from the director at the start of the year was £11,035.
During the year, the company entered into the following transactions with the director:

- an interest-free loan was advanced to the director amounting to US$435,000 (£340,730 at the date of advance). This loan is repayable on demand;
- payments made by the company on behalf of the director amounted to £78,930;
- income received by the director on behalf of the company and not remitted at the year end amounted to £594;
- repayments received from the director amounted to £5,663;
- amounts paid by the director on behalf of the company amounted to £13,579; and
- dividends paid to the director amounted to £12,594.

At the balance sheet date, the amount due from the director was £376,371.

During the year, an exchange loss of £23,082 was recognised in profit or loss in respect of the retranslation of the US dollar loan balance.