Abbreviated Company Accounts - THE VENTURE PARTNERSHIP FOUNDATION LIMITED

THE VENTURE PARTNERSHIP FOUNDATION LIMITED - Company Information

Registered Number 05307891

THE VENTURE PARTNERSHIP FOUNDATION LIMITED

Abbreviated Accounts

31 December 2014

THE VENTURE PARTNERSHIP FOUNDATION LIMITED Registered Number 05307891

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	1	1
		1	1
Current assets
Debtors		18,691	7,139
Investments		60,295	92,528
Cash at bank and in hand		57,743	212,015
		136,729	311,682
Creditors: amounts falling due within one year		(97,782)	(121,657)
Net current assets (liabilities)		38,947	190,025
Total assets less current liabilities		38,948	190,026
Creditors: amounts falling due after more than one year		(10,222)	(63,317)
Total net assets (liabilities)		28,726	126,709
Capital and reserves
Called up share capital		34	34
Profit and loss account		28,692	126,675
Shareholders' funds		28,726	126,709

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 September 2015

And signed on their behalf by:
Mike Risman, Director

THE VENTURE PARTNERSHIP FOUNDATION LIMITED Registered Number 05307891

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

2Fixed assets Investments
Between 2009 and 2013 VPF Worldwide LLP held shares in a Dutch Real Estate Investment Trust, The Dutch Active Fund. The shares are not publicly traded. The LLP originally entered into a share purchase agreement which matched the amount of a long-term loan on disposal. This agreement ended in 2013 and the shares were sold, but as part of the sale deal the LLP retained an option, purchased for one Euro, that could result in a financial benefit should the Fund return to positive equity. At the most recent valuation (December 2014) the Fund's debt was greater than the value of it's property portfolio.