ACCOUNTS - Final Accounts preparation

Registered number: SO304252

CLEARBELL SGP LLP

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

CLEARBELL SGP LLP

REGISTERED NUMBER: SO304252

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	3		3
		3		3
Total assets less current liabilities			3		3

Net assets			3		3

Represented by:
Loans and other debts due to members within one year
Members' other interests
Members' capital classified as equity	3		3
		3		3
		3		3

Total members' interests
Members' other interests	3	3
	3	3

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

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf on 23 December 2025.

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CLEARBELL SGP LLP

REGISTERED NUMBER: SO304252

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

Sally Doyle-Linden

Designated member

The notes on pages 3 to 4 form part of these financial statements.

Clearbell SGP LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

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CLEARBELL SGP LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

The LLP is registered in Scotland. The address of the registered office is 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ, Scotland.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Employees

	The entity has no employees.
	The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

Debtors

					2025	2024
					£	£


	Other debtors	3	3

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CLEARBELL SGP LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.Debtors (continued)

		3	3

5.	Investments
	The LLP is the General Partner of Clearbell (CIP) III LP, Clearbell (Coinvest) LP, Clearbell (Coinvest) III LP, Clearbell (CIP) IV LP and Clearbell (Coinvest) IV LP and has no requirement to provide capital. Clearbell (CIP) III LP, Clearbell (CIP) IV LP, Clearbell (Coinvest) LP, Clearbell (Coinvest) III LP and Clearbell (Coinvest) IV LP are all registered to Scotland.

6.	Related party transactions
	No related party transactions occurred in the year.

7.	Controlling party

The LLP is equally controlled by its members.

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