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REGISTERED NUMBER: OC438894 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THINK INVESTMENTS EUROPE LLP

THINK INVESTMENTS EUROPE LLP (REGISTERED NUMBER: OC438894)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THINK INVESTMENTS EUROPE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Designated members: S Shah
Think Capital Management UK Limited





Registered office: 7th Floor
50 Broadway
London
SW1H 0BL





Registered number: OC438894 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

THINK INVESTMENTS EUROPE LLP (REGISTERED NUMBER: OC438894)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,495 50,494

CURRENT ASSETS
Debtors 5 576,643 238,598
Cash at bank 15,675 62,834
592,318 301,432
CREDITORS
Amounts falling due within one year 6 (9,650 ) (2,408 )
NET CURRENT ASSETS 582,668 299,024
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

621,163

349,518

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

610,163

338,518

MEMBERS' OTHER INTERESTS
Capital accounts 11,000 11,000
621,163 349,518

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 610,163 338,518
Members' other interests 11,000 11,000
621,163 349,518

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 December 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

THINK INVESTMENTS EUROPE LLP (REGISTERED NUMBER: OC438894)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24 January 2025 and were signed by:





S Shah - Designated member

THINK INVESTMENTS EUROPE LLP (REGISTERED NUMBER: OC438894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Think Investments Europe LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The company’s functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is accrued at the cost plus rate as relevant expenses are recognised. Expenses are recognised as costs are incurred.

Tangible fixed assets
Tangible fixed assets are stated at historic cost less accumulated depreciation and any impairment losses.

Depreciation is charged to profit or loss over the estimated useful economic lives, as follows:

Motor vehicles: 20% reducing balance basis

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Taxation
Taxation on all the LLP's profits is solely the personal liability of individual members and is not dealt with in these financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 2 (2022 - 2 ) .

THINK INVESTMENTS EUROPE LLP (REGISTERED NUMBER: OC438894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
Cost
At 1 January 2023
and 31 December 2023 59,995
Depreciation
At 1 January 2023 9,501
Charge for year 11,999
At 31 December 2023 21,500
Net book value
At 31 December 2023 38,495
At 31 December 2022 50,494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed by group undertakings 566,557 223,921
Other debtors 10,086 14,677
576,643 238,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors - 408
Other creditors 9,650 2,000
9,650 2,408

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

A reconciliation of members' interest can be seen on pages 5 and 6 of the financial statements.

The amounts in loans and other debts due to members are payable on winding up after the payment of all money due to creditors of the LLP and all expenses of the winding up are settled.

8. RELATED PARTY DISCLOSURES

Included in debtors is £12,043 (2022: £2,629) owed to Think Capital Management UK Limited, a partner of the LLP. This loan is unsecured, interest free and has no set terms for repayment.

Included in debtors is £554,514 (2022: £221,292) owed to Think Investments LP, a partnership in which Mr Shah is also a partner. This loan is unsecured, interest free and has no set terms for repayment.