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Registered number: 14877473












ENTREPRENEUR FIRST EARLY STAGE GP LIMITED
UNAUDITED ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

 

ENTREPRENEUR FIRST EARLY STAGE GP LIMITED
 
COMPANY INFORMATION


Directors
A Bentinck 
M Clifford 




Registered number
14877473



Registered office
International House
64 Nile Street

London

N1 7SR





 

ENTREPRENEUR FIRST EARLY STAGE GP LIMITED

CONTENTS



Page
Directors' report
1 - 2
Profit and loss account
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 7


 

ENTREPRENEUR FIRST EARLY STAGE GP LIMITED

DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 MAY 2024

The directors present their report and the financial statements for the period ended 31 May 2024.

Principal activity

The principal activity of the Company during the year was to act as the General Partner of Entrepreneur First Early Stage LP.

Results and dividends

The profit for the period, after taxation, amounted to £NIL.

The Company has not traded during the period.

Directors

The directors who served during the period were:

A Bentinck 
M Clifford 

Directors' responsibilities statement

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

Page 1

 

ENTREPRENEUR FIRST EARLY STAGE GP LIMITED

DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2024

This report was approved by the board and signed on its behalf.
 





M Clifford
Director

Date: 18 February 2025

Page 2

 

ENTREPRENEUR FIRST EARLY STAGE GP LIMITED
 
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 MAY 2024

The Company has not traded during the period. During this period, the Company received no income and incurred no expenditure and therefore made neither profit or loss.

Page 3


 
REGISTERED NUMBER:14877473
ENTREPRENEUR FIRST EARLY STAGE GP LIMITED

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1

  
1

Total assets less current liabilities
  
 
 
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
 5 
1

  
1




For the period ended 31 May 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

The members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Clifford
Director

Date: 18 February 2025

The notes on pages 6 to 7 form part of these financial statements.

Page 4

 

ENTREPRENEUR FIRST EARLY STAGE GP LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2024


Called up share capital
Total equity

£
£

Shares issued during the period
1
1


At 31 May 2024
1
1

The notes on pages 6 to 7 form part of these financial statements.

Page 5

 

ENTREPRENEUR FIRST EARLY STAGE GP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

Entrepreneur First Early Stage GP Limited is a private company, limited by shares, incorporated in England and Wales. Its registered address is International House, 64 Nile Street, London, N1 7SR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Financial instruments

The company does not trade in financial instruments and all such instruments arise directly from operations. All trade and other debtors are initially recognised at transaction value as none contain in substance a financing transaction. Thereafter, trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The company does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other receivables after allowance for impairment, Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.

 
2.3

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of Entrepreneur First Investment Manager LLP as at 31 March 2024 and these financial statements may be obtained from Companies House.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration.


4.


Debtors: amounts falling due within one year

2024
£


Called up share capital not paid
1


Page 6

 

ENTREPRENEUR FIRST EARLY STAGE GP LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

5.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £1
1


On incorporation, 1 Ordinary share of £1 was issued at par.


6.


Controlling party

The immediate and ultimate parent undertaking is Entrepreneur First Investment Manager LLP, registered office address: International House, 64 Nile Street, London, England, N1 7SR.

Page 7