Registered Number 05307891

THE VENTURE PARTNERSHIP FOUNDATION LIMITED

Abbreviated Accounts

31 December 2015

THE VENTURE PARTNERSHIP FOUNDATION LIMITED Registered Number 05307891

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Investments 2 1 1
1 1
Current assets
Debtors 6,511 78,986
Cash at bank and in hand 67,123 57,743
73,634 136,729
Creditors: amounts falling due within one year (72,407) (97,782)
Net current assets (liabilities) 1,227 38,947
Total assets less current liabilities 1,228 38,948
Creditors: amounts falling due after more than one year 0 (10,222)
Total net assets (liabilities) 1,228 28,726
Capital and reserves
Called up share capital 34 34
Profit and loss account 1,194 28,692
Shareholders' funds 1,228 28,726
  • For the year ending 31 December 2015 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 20 September 2016

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 2015

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.

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.