Silverfin false 31/12/2023 01/01/2023 31/12/2023 Emerge Venture Partners (General Partner) Limited 09/04/2019 Emerge Venture Lab Ltd 09/04/2019 24 July 2024 OC426853 2023-12-31 OC426853 bus:Director1 2023-12-31 OC426853 bus:Director2 2023-12-31 OC426853 core:CurrentFinancialInstruments 2023-12-31 OC426853 core:CurrentFinancialInstruments 2022-12-31 OC426853 2022-12-31 OC426853 2023-01-01 2023-12-31 OC426853 bus:FullAccounts 2023-01-01 2023-12-31 OC426853 bus:SmallEntities 2023-01-01 2023-12-31 OC426853 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 OC426853 bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC426853 bus:Director1 2023-01-01 2023-12-31 OC426853 bus:Director2 2023-01-01 2023-12-31 OC426853 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Company No: OC426853 (England and Wales)

EMERGE VENTURE PARTNERS I (GP) LLP

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

EMERGE VENTURE PARTNERS I (GP) LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

EMERGE VENTURE PARTNERS I (GP) LLP

BALANCE SHEET

AS AT 31 DECEMBER 2023
EMERGE VENTURE PARTNERS I (GP) LLP

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
2023 2022
£ £
Current assets
Debtors 3 105 105
Cash at bank and in hand 1,924 1,924
2,029 2,029
Net current assets 2,029 2,029
Total assets less current liabilities 2,029 2,029
Net assets attributable to members 2,029 2,029
Represented by
Members' other interests
Members' capital classified as equity 1 1
Other reserves 2,028 2,028
2,029 2,029
2,029 2,029
Total members' interests
Members' other interests 2,029 2,029
2,029 2,029

For the financial year ending 31 December 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of Emerge Venture Partners I (GP) LLP (registered number: OC426853) were approved and authorised for issue by the Board of Directors on 24 July 2024. They were signed on its behalf by:

Emerge Venture Partners (General Partner) Limited
Designated member
EMERGE VENTURE PARTNERS I (GP) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
EMERGE VENTURE PARTNERS I (GP) LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Emerge Venture Partners I (GP) LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is Jisc, 15 Fetter Lane, London, EC4A 1BW, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for management and advice services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

2. Employees

2023 2022
Number Number
The LLP has no employees. 0 0

3. Debtors

2023 2022
£ £
Amounts owed by related parties 105 105