Titian Global Investments LLP - LLP accounts 24.3

REGISTERED NUMBER: OC319674 (England and Wales)

Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

TITIAN GLOBAL INVESTMENTS LLP

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

A Di Soccio

Dr M O F Fasoli

Titian Global Investments Limited

P S Majewski

REGISTERED OFFICE:

Bath House

6-8 Bath Street

Bristol

BS1 6HL

REGISTERED NUMBER:

OC319674 (England and Wales)

ACCOUNTANTS:

Gravita

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of of the supply of investment advisory services.

DESIGNATED MEMBERS

The designated members during the year under review were:

A Di Soccio

Dr M O F Fasoli

Titian Global Investments Limited

P S Majewski

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The profit for the year before members' remuneration and profit shares was £NIL (2024 - £NIL profit).

MEMBERS' INTERESTS

As set out in the Partnership Agreement dated 28 September 2006, which was revised 01 June 2009, each Member shall make an initial capital contribution as set out in the First Schedule and payable on the Effective date or soon after. New Members are required to contribute an amount as agreed with the LLP. The Members shall provide such additional capital contributions as shall be resolved by Special Decision, whereby a decision is reached by Members who together have more than 75% of the voting entitlement.

Unless agreed by Special Decision, no Member is entitled to draw out or receive back any part of their Capital Contributions during the life of the LLP and no Member is entitled to interest on their capital contribution.

Net profits are to be shared amongst Members in accordance with the Profit Share Entitlement provisions as set out in the Partnership Agreement. Members are entitled to draw amounts credited to their current accounts. Net profits are the aggregate of the drawings to which the Member is entitled to as set out by the LLP, the discretionary bonus allotted (if any) as decided by the Management Committee and the pro rata allocation of profits, to the extent that net profits remain after the allocation of drawings and the discretionary bonuses. The pro rata allocation will be agreed between the individual Member and the Management Committee. Unless separately agreed in writing between the LLP and a member, if any member withdraws funds in excess of his, her or its profit share of any accounting period of the LLP, that member shall, on written demand of the LLP, immediately repay the excess drawings to the LLP together with interest on the excess.

ON BEHALF OF THE MEMBERS:

Dr M O F Fasoli - Designated member

3 December 2025

TURNOVER

-

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS

-

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

-

CURRENT ASSETS

Debtors

4

961,814

CREDITORS

Amounts falling due within one year

5

(4,262

)

(4,262

)

NET CURRENT ASSETS

957,552

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

957,552

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

1,102

MEMBERS' OTHER INTERESTS

Capital accounts

956,450

957,552

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

6

1,102

Members' other interests

956,450

Amounts due from members

4

(955,815

)

(955,815

)

1,737

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 3 December 2025 and were signed by:

Dr M O F Fasoli - Designated member

A Di Soccio - Designated member

1.	ACCOUNTING POLICIES

General information and basis of preparation

Titian Global Investments LLP is a Limited Liability Partnership incorporated in England and Wales within the United Kingdom. The address of the registered office is given in the LLP information on page 1 of these financial statements. The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS102); the Statement of Recommended Practice; Accounting by Limited Liability Partnerships published in 2017 and the Companies Act 2006 as applied to LLP's by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies 2006) Regulations 2008. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the LLP.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The LLP was dormant throughout the current year and previous year.

Significant judgements and estimates

In preparing the financial statements the members are required to make judgements, estimates and assumptions about the carrying value of the assets and liabilities that are not readily available from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

In the course of preparing the financial statements, no judgements have been made in the process of applying the LLP's accounting policies, that have had a significant effect on the amounts recognised in the financial statements.

Other sources of estimation uncertainty:

The LLP does not have any key assumptions concerning the future, or other key sources of estimation uncertainty in the reporting period that may have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the next financial year.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The LLP 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 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.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the LLP transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the LLP's contractual obligations are discharged, cancelled, or they expire.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Taxation

No taxation is reflected in the accounts as tax is borne by the individual members in a personal capacity on their attributable profit shares.

Members' remuneration

The policy is to distribute profits according to the terms and conditions of the Partnership Agreement dated 28 September 2006 which was subsequently updated 01 June 2009. None of the members have employment contracts with the LLP.

Members' capital

Members' capital is classified as equity in accordance with Financial Reporting Standard 25 and the LLP SORP. Repayment of members' capital is governed by the Partnership Agreement dated 28 September 2006, which was updated 01 June 2009.

2.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

3.	INFORMATION IN RELATION TO MEMBERS

2025

2024

The average number of members during the year was

4

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts due from members

955,815

Other debtors

823

Amounts due from related

parties

5,176

961,814

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

301

VAT

2,058

Accruals and deferred income

1,903

4,262

6.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of winding up, amounts in 'Loans and other debts due to members' (other than member's capital classified as debt) would rank equally in relation to other creditors who are unsecured.

7.	ULTIMATE CONTROLLING PARTY

Although the LLP is not controlled by a single party, in the opinion of the members, Dr M O F Fasoli and A Di Soccio are considered the ultimate controlling parties of the LLP.