Registered No. OC356116 (England and Wales)
Paradigm Change Capital Partners Llp
Unaudited accounts
for the year ended 31 March 2023
Paradigm Change Capital Partners Llp
LLP Information
for the year ended 31 March 2023
Designated members
Charlotte Masquelier
Registered Number
OC356116 (England and Wales)
Registered Office
21 Ellis Street
London
SW1X 9AL
England
Accountants
SJR Financial Services
ICAEW Membership number 8989035
91 Kempson Avenue
Sutton Coldfield
West Midlands
B72 1HF
Paradigm Change Capital Partners Llp
Statement of financial position
as at 31 March 2023
Creditors: amounts falling due within one year
(105,231)
(83,533)
Net current liabilities
(105,231)
(83,533)
Net liabilities attributable to members
(105,231)
(83,533)
Loans and other debts due to members
2,194,643
2,088,595
Members' capital classified as equity
429,575
429,575
Other reserves
(2,729,449)
(2,601,703)
Loans and other debts due to members
2,194,643
2,088,595
Members' other interests
(2,299,874)
(2,172,128)
For the year ending 31 March 2023 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 23 December 2023.
Dima Rifai
Designated member
Limited Liability Partnership Registration No. OC356116
Paradigm Change Capital Partners Llp
Notes to the Accounts
for the year ended 31 March 2023
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Remuneration paid to members under a contract of employment is included as an expense in the profit and loss account. Other fixed amounts paid to members are also included within members' remuneration treated as an expense.
Members are expected to subscribe a minimum amount of capital and may be invited to contribute more. On retirement, all capital is repaid to the member concerned.
Members' shares in the profit or loss for the year available for discretionary division among the members are accounted for as an allocation of that balance. Allocated balances are split between the members with any unallocated balances being included within 'Other reserves'. Members are permitted to make drawings in anticipation of that allocation, subject to the agreement of the other members.
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Paradigm Change Capital Partners Llp is a limited liability partnership, incorporated in England and Wales, registration number OC356116. Its registered office is 21 Ellis Street, London, SW1X 9AL, England.
3
Creditors: amounts falling due within one year
2023
2022
Deferred income
104,991
83,333
4
Loans and other debts due to members
2023
2022
Loans from members
2,194,643
2,088,595
Amounts falling due within one year
2,194,643
2,088,595
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
Paradigm Change Capital Partners Llp
Notes to the Accounts
for the year ended 31 March 2023
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).