| CONCENTRIC ERMAK CO-INVESTMENT SPV LLP |
| Registered number: |
OC430084 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| € |
€ |
| Fixed assets |
| Investments |
3 |
|
12,276,542 |
|
10,392,461 |
| Current assets |
|
|
|
|
|
| Debtors |
4 |
|
601,662 |
|
102 |
| Cash at bank and in hand |
|
|
342,936 |
|
181,334 |
|
|
|
944,598 |
|
181,436 |
|
|
| Net current assets |
|
|
944,598 |
|
181,436 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
13,221,140 |
|
10,573,897 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
(622,349) |
|
(650,000) |
|
|
| Net assets attributable to members |
12,598,791 |
|
9,923,897 |
|
|
|
|
|
|
| Represented by: |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
9,380,613 |
|
8,227,732 |
| Other reserves |
|
|
3,218,178 |
|
1,696,165 |
|
|
|
12,598,791 |
|
9,923,897 |
|
|
|
|
|
|
|
|
|
12,598,791 |
|
9,923,897 |
|
|
|
|
|
|
| Total members' interests |
| Members' other interests |
|
|
12,598,791 |
|
9,923,897 |
|
|
|
|
12,598,791 |
|
9,923,897 |
|
|
|
|
|
|
| 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 2 October 2025 and signed on their behalf by: |
|
|
| Mark McDonald |
| Designated member |
|
| CONCENTRIC ERMAK CO-INVESTMENT SPV LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
| 1 |
Accounting policies |
|
|
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 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 |
|
Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign currency assets and liabilities are translated into the functional currency using the exchange rate prevailing at the reporting date.
Foreign exchange gains and losses arising from translation are included in 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 Market Value |
|
At 1 April 2024 |
10,392,461 |
|
Additions |
361,393 |
|
Revaluation |
2,179,270 |
|
Disposals |
(656,582) |
|
|
At 31 March 2025 |
12,276,542 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| € |
€ |
|
|
Other debtors |
601,662 |
|
102 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| € |
€ |
|
|
Other creditors |
622,349 |
|
650,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
CONCENTRIC ERMAK CO-INVESTMENT SPV LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
Huckletree Soho |
|
Ingestre Court, Ingestre Pl |
|
London |
|
W1F 0JL |