NCP II GP LLP

	Page
Balance Sheet	1—2
Reconciliation of Members' Interests	3—4
Notes to the Financial Statements	4—5

Registered number: OC452228

		31 May 2025
	Notes	£	£
FIXED ASSETS
Investments	4		2,010

			2,010
CURRENT ASSETS
Debtors	5	79
Cash at bank and in hand		330

		409
Creditors: Amounts Falling Due Within One Year	6	(2,160 )

NET CURRENT ASSETS (LIABILITIES)			(1,751 )

TOTAL ASSETS LESS CURRENT LIABILITIES			259

NET ASSETS ATTRIBUTABLE TO MEMBERS			259

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		3,228

			3,228

Equity
Members' other interests
Members' capital		79
Other reserves		(3,048)

			(2,969)

			259

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			3,228
Members' other interests			(2,969)

			259

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NCP II GP LLP

Balance Sheet (continued)

As At 31 May 2025

For the period ending 31 May 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

OX NODE, SLU Designated Member	DETERMINISM LTD Designated Member
28/04/2026

The notes on pages 4 to 5 form part of these financial statements.

	EQUITY			DEBT
	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors
	Members'Capital classified as Equity	Other Reserves	Total Equity	Members'Capital classified as Debt	Total members' interest
	£	£	£	£	£
Profit/(loss) for the financial year available for discretionary division among members	-	1,356,503	1,356,503	-	1,356,503

Members' interests after profit/(loss) for the year	-	1,356,503	1,356,503	-	1,356,503
Introduced by members	79	-	79	3,228	3,307
Other Movements	-	(1,359,551)	(1,359,551)	-	(1,359,551)

Amounts due to members	-	-	-	3,228	-

As at 31 May 2025	79	(3,048)	(2,969)	3,228	259

The amount of £3,228 due to members relates to amounts advanced by Ox Node SLU.

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NCP II GP LLP

Notes to the Financial Statements

For the Period 9 May 2024 to 31 May 2025

Notes to the Financial Statements

1. General Information

NCP II GP LLP is a limited liability partnership, incorporated in England & Wales, registered number OC452228 . The Registered Office is 3rd Floor 1 Ashley Road, Altrincham, Cheshire, WA14 2DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

2.2. Financial Instruments

Investments in unlisted entities, which have been classified as fixed asset investments as the LLP intends to hold them on a continuing basis, are remeasured to market value at each balance sheet date, unless the market value is not readily available in which case the investments are measured at cost subject to impairment.

2.3. Foreign Currencies

The financial statements are prepared in sterling which is the functional currency of the LLP. Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Income recognition

Profit share from investments, including distributions from partnerships, joint ventures, or other profit-participating arrangements, is recognised as income when it becomes due and receivable in accordance with the relevant investment agreement.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: NIL

4. Investments

	Unlisted
	£
Cost or Valuation
As at 9 May 2024	-
Additions	2,010

As at 31 May 2025	2,010

Provision
As at 9 May 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	2,010

As at 9 May 2024	-

5. Debtors

	31 May 2025
	£
Due within one year
Other debtors	79

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NCP II GP LLP

Notes to the Financial Statements (continued)

For the Period 9 May 2024 to 31 May 2025

6. Creditors: Amounts Falling Due Within One Year

	31 May 2025
	£
Other creditors	2,160

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