Vespa Capital GP Limited
Unaudited Financial Statements
For the year ended 31 March 2025
Pages for Filing with Registrar
Company Registration No. 10688876 (England and Wales)
Vespa Capital GP Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Vespa Capital GP Limited
Balance Sheet
As at 31 March 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
5
5
Current assets
Cash at bank and in hand
31
37
Creditors: amounts falling due within one year
4
(8)
(14)
Net current assets
23
23
Net assets
28
28
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
27
27
Total equity
28
28

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 November 2025 and are signed on its behalf by:
M H Lester
Director
Company Registration No. 10688876
Vespa Capital GP Limited
Notes to the Financial Statements
For the year ended 31 March 2025
Page 2
1
Accounting policies
Company information

Vespa Capital GP Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 St. James's Square, London, SW1Y 4JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. With the exception of investments which are held at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss represents the company's profit allocation from Vespa B GP LLP.

1.3
Fixed asset investments

Investments held as fixed assets are shown at their current market value.

1.4
Basic financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial liabilities

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loan, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2
Employees

The company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

3
Fixed asset investments
2025
2024
£
£
Unlisted investments
5
5
Vespa Capital GP Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
Page 3
4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
8
14
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A Shares of £1 each
1
1
1
1
6
Related party transactions

The company is a designated member of Vespa B GP LLP. Turnover includes £1,068,690 (2024: £1,213,541) derived from Vespa B GP LLP.

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