REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
THINK INVESTMENTS EUROPE LLP |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
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 |
Depreciation |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 31/12/22 |
£ | £ |
Trade creditors |
Other creditors |
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. |