Registered Number 05307891
THE VENTURE PARTNERSHIP FOUNDATION LIMITED
31 December 2015
Notes to the Abbreviated Accounts for the period ended 31 December 2015
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.
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 long-term loan on disposal. This agreement ended in 2012 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 2015) the Fund's debt was greater than the value of it's property portfolio.