CONCENTRIC 02 ENTREPRENEUR CO-INVESTMENT LLP

Registered number

OC439975

Filleted Accounts

31 March 2025

CONCENTRIC 02 ENTREPRENEUR CO-INVESTMENT LLP
Registered number:		OC439975
Balance Sheet
as at 31 March 2025
Notes		2025		2024
€			€
Fixed assets
Investments	3	554,827		333,586
Current assets
Debtors	4	705,125		692,204

Creditors: amounts falling due within one year	5	(10,827)		(10,143)

Net current assets		694,298		682,061

Total assets less current liabilities		1,249,125		1,015,647



Net assets attributable to members		1,249,125		1,015,647

Represented by:

Members' other interests
Members' capital classified as equity		1,199,314		1,050,855
Other reserves		49,811		(35,208)
		1,249,125		1,015,647

		1,249,125		1,015,647

Total members' interests
Members' other interests		1,249,125		1,015,647

		1,249,125		1,015,647

For the year ended 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.

These accounts were approved by the members on 24 September 2025 and signed on their behalf by:


Mark McDonald
Designated member

CONCENTRIC 02 ENTREPRENEUR CO-INVESTMENT LLP
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	General Information
	Concentric 02 Entrepreneur Co-investment LLP (the “LLP”) is a Limited Liability Partnership registered in the United Kingdom. The address of its registered office and principal place of Huckletree Soho, Ingestre Court, Ingestre Place, London, W1F 0JL. The principal activity of the LLP is that of an Investment Company. The presentation currency of the financial statements is the Euro (€).

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.

	Income from Investments
	Dividend income, and other investment income, from investments in equity interests and investments in Fund is recognised when the right to receive the distribution has been established.

	Division of profits
	Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.

	Taxation
	Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.

	Investments
	Investments are recognised at cost less impairment in the LLP’s unaudited financial statements. Investments are tested for impairment where an indication of impairment exists at the reporting date.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Members' capital
	Members’ capital contributions are determined by agreement between the Members. Members’ capital is analysed between those that are, from the LLP’s perspective, either a financial lability or equity in accordance with Section 22 Liabilities and Equity. Members’ capital is classified as a financial liability where there is a contractual obligation on the part of the LLP to deliver cash, or other financial assets, to the Member. Where this is not the case, the capital is classified as equity. Members’ capital is not contractually repayable, other than by agreement between the relevant Member and the LLP and is therefore classified as equity.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the LLP	0		0


3	Fixed asset investments

Other
investments
€
	Fair Value
	At 1 April 2024			333,586
	Additions			102,275
	Revaluation			118,966

	At 31 March 2025			554,827


4	Debtors	2025		2024
€			€

	Due from Members	22,044		222,781
	Amounts owed by Group Companies	683,081		469,423
		705,125		692,204


5	Creditors: amounts falling due within one year	2025		2024
€			€

	Other creditors	10,827		10,143


6	Other information

	CONCENTRIC 02 ENTREPRENEUR CO-INVESTMENT LLP is a limited liability partnership incorporated in England. Its registered office is:
	Huckletree Soho
	Ingestre Court, Ingestre Place
	London
	W1F 0JL