| CONCENTRIC TEAM TECHNOLOGY I CO-INVESTMENT LLP |
| Registered number: |
OC423342 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
20,003,655 |
|
10,313,267 |
| Current assets |
|
|
|
|
|
| Cash at bank and in hand |
|
|
47,316 |
|
11,709 |
|
|
| Net current assets |
|
|
47,316 |
|
11,709 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
20,050,971 |
|
10,324,976 |
|
|
|
| Net assets attributable to members |
20,050,971 |
|
10,324,976 |
|
|
|
|
|
|
| Represented by: |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
9,852,397 |
|
7,945,480 |
| Other reserves |
|
|
10,198,574 |
|
2,379,496 |
|
|
|
20,050,971 |
|
10,324,976 |
|
|
|
|
|
|
|
|
|
20,050,971 |
|
10,324,976 |
|
|
|
|
|
|
| Total members' interests |
| Members' other interests |
|
|
20,050,971 |
|
10,324,976 |
|
|
|
|
20,050,971 |
|
10,324,976 |
|
|
|
|
|
|
| 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 20 November 2025 and signed on their behalf by: |
|
|
| Mark McDonald |
| Designated member |
|
| CONCENTRIC TEAM TECHNOLOGY I CO-INVESTMENT 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. |
|
|
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 in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Members' capital |
|
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional. |
|
|
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 |
10,313,267 |
|
Additions |
2,015,611 |
|
Revaluation |
8,594,076 |
|
Disposals |
(919,299) |
|
|
At 31 March 2025 |
20,003,655 |
|
|
| 4 |
Other information |
|
|
CONCENTRIC TEAM TECHNOLOGY I CO-INVESTMENT LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
18 Balderton Street |
|
London |
|
W1K 6TG |