Company Registration No. 03674824 (England and Wales)
SUSSEX PLACE (GENERAL PARTNER) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
20 Commerce Road
Lynch Wood
Peterborough
Cambridgeshire
England
PE2 6LR
SUSSEX PLACE (GENERAL PARTNER) LIMITED
CONTENTS
Page
Company information
Balance sheet
1
Notes to the financial statements
2 - 4
SUSSEX PLACE (GENERAL PARTNER) LIMITED
COMPANY INFORMATION
Director
Mr R I Gourlay
Secretary
Mr R I Gourlay
Company number
03674824
Registered office
58-60 Fitzroy Street
London
England
W1T 5BU
Accountants
TC Group
20 Commerce Road
Lynch Wood
Peterborough
Cambridgeshire
England
PE2 6LR
SUSSEX PLACE (GENERAL PARTNER) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Cash at bank and in hand
434
376
Creditors: amounts falling due within one year
3
(6,507)
(5,687)
Net current liabilities
(6,073)
(5,311)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(6,075)
(5,313)
Total equity
(6,073)
(5,311)

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

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The 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 and signed by the director and authorised for issue on 18 August 2026
Mr R I Gourlay
Director
Company registration number 03674824 (England and Wales)
SUSSEX PLACE (GENERAL PARTNER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Sussex Place (General Partner) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 58-60 Fitzroy Street, London, England, W1T 5BU.

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

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

The company receives income from the management of investments and pays this income up to its parent company as a management fee. It has limited activity and no current commitments.

 

After reviewing forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continues to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover comprises amounts receivable for the period from participation in the assets of a limited partnership in the form of a non-recourse loan, which will be satisfied by allocation against the company's share of future income of the partnerships. All turnover is attributable to the principal activity of the company and arises solely within the UK.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and 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.

SUSSEX PLACE (GENERAL PARTNER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
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.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
3,941
3,151
Other creditors
2,566
2,536
6,507
5,687
SUSSEX PLACE (GENERAL PARTNER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
4
Revenues from the partnerhip and contingent liabilities

The company is the sole general partner in a limited partnership operating as a venture capital investment fund. It is entitled to a guaranteed income from the partnership, but otherwise does not participate. If upon the winding up of the partnership, the liabilities of the partnership exceed the limited partners outstanding capital and loans, the company is labile for the as shortfall of assets. The director is of the opinion that no liability is likely to arise in this respect.

5
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The company is the general partner of a venture capital fund. Regents Park Partners LP. The income received is paid directly to the investment manager and immediate parent, Sussex Place Ventures Limited.

 

At 31 December 2025 the company owed £2,108 (2024 : £1,948) to Sussex Place Ventures Limited.

 

At 31 December 2025 the company owed £1,833 (2024 : £1,203) to Regents Park Partners LP.

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