1 April 2022 false Taxfiler 2023.10 OC356116business:LimitedLiabilityPartnershipLLP2022-04-012023-03-31 OC3561162022-03-31 OC3561162022-04-012023-03-31 OC356116business:AuditExemptWithAccountantsReport2022-04-012023-03-31 OC356116business:FullAccounts2022-04-012023-03-31 OC3561162023-03-31 OC356116business:PartnerLLP12022-04-012023-03-31 OC356116business:PartnerLLP22022-04-012023-03-31 OC356116business:RegisteredOffice2022-04-012023-03-31 OC356116core:WithinOneYear2023-03-31 OC356116core:WithinOneYear2022-03-31 OC3561162022-03-31 OC356116core:ShareCapital2023-03-31 OC356116core:ShareCapital2022-03-31 OC356116core:RetainedEarningsAccumulatedLosses2023-03-31 OC356116core:RetainedEarningsAccumulatedLosses2022-03-31 OC356116business:SmallEntities2022-04-012023-03-31 OC356116countries:EnglandWales2022-04-012023-03-31 OC3561162021-04-012022-03-31 iso4217:GBP xbrli:pure
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
Dima Rifai
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
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Paradigm Change Capital Partners Llp Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
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)
Represented by:
Loans and other debts due to members
2,194,643 
2,088,595 
Members' other interests
Members' capital classified as equity
429,575 
429,575 
Other reserves
(2,729,449)
(2,601,703)
(2,299,874)
(2,172,128)
(105,231)
(83,533)
Total members' interests
Loans and other debts due to members
2,194,643 
2,088,595 
Members' other interests
(2,299,874)
(2,172,128)
(105,231)
(83,533)
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
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Paradigm Change Capital Partners Llp Notes to the Accounts for the year ended 31 March 2023
1
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Members' remuneration
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
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.
2
Statutory information
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 
£ 
£ 
Accruals
240 
200 
Deferred income
104,991 
83,333 
105,231 
83,533 
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.
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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).
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