| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| V7 CAP1 LLP |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| V7 CAP1 LLP |
| V7 CAP1 LLP (REGISTERED NUMBER: OC427673) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| General Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| V7 CAP1 LLP |
| GENERAL INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 55 Loudoun Road |
| St John's Wood |
| London |
| NW8 0DL |
| V7 CAP1 LLP (REGISTERED NUMBER: OC427673) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| and |
| NET ASSETS ATTRIBUTABLE TO MEMBERS | 1,735,000 | 1,735,000 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS | - | - |
| MEMBERS' OTHER INTERESTS |
| Capital accounts | 1,735,000 | 1,735,000 |
| 1,735,000 | 1,735,000 |
| TOTAL MEMBERS' INTERESTS |
| Members' other interests | 1,735,000 | 1,735,000 |
| Amounts due from members | 5 | (27,393 | ) | (22,179 | ) |
| 1,707,607 | 1,712,821 |
| 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. |
| V7 CAP1 LLP (REGISTERED NUMBER: OC427673) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2024 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| V7 CAP1 LLP (REGISTERED NUMBER: OC427673) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| V7 Cap1 LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amounts owed to related parties | 13,231 | 8,617 |
| Other creditors |
| V7 CAP1 LLP (REGISTERED NUMBER: OC427673) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 7. | RELATED PARTY DISCLOSURES |
| V7 Cap1 (Bristol) Limited |
| A wholly owned subsidiary. |
| At the balance sheet date the partnership was owed £549,900 (2023: £549,900) by V7 Cap1 (Bristol) Ltd. There were no transactions undertaken during the year under review with V7 Cap1 (Bristol) Limited. |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | 549,900 | 549,900 |
| V7 Cap2 (Bristol) Limited |
| A wholly owned subsidiary. |
| At the balance sheet date the partnership was owed £1,172,938 (2023: £1,172,938) by V7 Cap2 (Bristol) Ltd. There were no transactions undertaken during the year under review with V7 Cap2 (Bristol) Limited. |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amount due from related party at the balance sheet date | 1,172,938 | 1,172,938 |
| V7 AM Ltd |
| A company under the same control as V7 Investments Limited. |
| At the balance sheet date the partnership owed £13,231 (2023: £8,617) to V7 AM Ltd. Transactions during the year under review were limited to the repayment of funds. |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amount due to related party at the balance sheet date | 13,231 | 8,617 |