Great Hill Partners UK LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC443227 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GREAT HILL PARTNERS UK LLP

Page

General information

1

Balance sheet

2

Notes to the financial statements

3

Designated members:

Great Hill Partners US-1, LLC

Great Hill Partners US-2, LLC

Registered office:

60 Charlotte Street

London

W1T 2NU

Registered number:

OC443227 (England and Wales)

Auditors:

Nortons Assurance Limited

Chartered Accountants & Statutory Auditor

Second Floor

NOW Building

Thames Valley Park

Reading

Berkshire

RG6 1RB

FIXED ASSETS

Tangible assets

4

1,019,007

1,151,091

CURRENT ASSETS

Debtors

5

393,934

574,016

Cash at bank

999,046

759,198

1,392,980

1,333,214

CREDITORS

Amounts falling due within one year

6

(461,454

)

(533,009

)

NET CURRENT ASSETS

931,526

800,205

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,950,533

1,951,296

CAPITAL ACCOUNTS

9

1,950,533

1,951,296

TOTAL MEMBERS' INTERESTS

Capital accounts

9

1,950,533

1,951,296

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 23 September 2025 and were signed by:

Great Hill Partners US-1, LLC - Designated member

1.	STATUTORY INFORMATION

Great Hill Partners UK 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.

Related party exemption

The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

This information is included in the consolidated financial statements of GH Management Holdings, L.P. (Caymen) 'the group' as at 31 December 2024 and these financial statements are maintained at 200 Clarendon St. 29th Floor, Boston, 02116 United States of America.

Turnover

Turnover represents income earned from the members under a transfer pricing agreement, excluding value added tax.

Tangible fixed assets

Tangible assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to leasehold property - over the term of the lease

Computer equipment - straight line over 5 or 7 years

A provision for dilapidation costs in relation to the leasehold property has been provided for. This has been based on the estimated cost discounted using a credit adjusted risk-free rate and spread over the term of the lease.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income statement 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 the income statement in the period to which they relate.

Financial instruments

The LLP only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, such as provisions for dilapidations are measured at estimated cost discounted using the credit risk-free rate and spread over the term of the lease.

Taxation

Income tax payable on the profits of the LLP is solely the personal liability of the individual members and consequently is not dealt with in these financial statements.

Going concern

Per the service agreement dated 22 July 2022, Great Hill Partners UK LLP will continue to receive fees from Great Hill Partners, LP in exchange for the services provided. Management has determined that the parent, GH Management Holdings, LP has sufficient funds to meet their obligations as they fall due for payment for the foreseeable future.

Therefore, the members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future and continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 8 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

leasehold

Computer

property

equipment

Totals

£

Cost

At 1 January 2024

1,219,582

71,204

1,290,786

Additions

22,460

3,916

26,376

At 31 December 2024

1,242,042

75,120

1,317,162

Depreciation

At 1 January 2024

124,861

14,834

139,695

Charge for year

138,493

19,967

158,460

At 31 December 2024

263,354

34,801

298,155

Net book value

At 31 December 2024

978,688

40,319

1,019,007

At 31 December 2023

1,094,721

56,370

1,151,091

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Amounts owed by group undertakings

75,500

123,216

Other debtors

318,434

450,800

393,934

574,016

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

Amounts owed to group undertakings

-

2,428

Taxation and social security

30,639

13,481

Other creditors

430,815

517,100

461,454

533,009

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

Within one year

445,138

Between one and five years

1,780,552

In more than five years

1,303,793

1,748,843

3,529,483

3,974,533

8.	SECURED DEBTS

During the year, the LLP entered into a deed which has a first fixed charge over the LLP's assets, as security for a business charge card.

9.	CAPITAL ACCOUNTS

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 24 September 2025 by Anthony Campbell (Senior Statutory Auditor) on behalf of Nortons Assurance Limited.

11.	ULTIMATE CONTROLLING PARTY

The ultimate parent is considered to be GH UGP, LLC., a company incorporated in the Cayman Islands.

The smallest and largest undertaking for which the LLP is a member and for which group financial statements are prepared is GH Management Holdings, LP. The registered office of GH Management Holdings, LP is 200 Clarendon Street, 29th Floor, Boston, MA 02127 United States of America.