Science Creates Ventures 2 GP LLP Accounts






Science Creates Ventures 2 GP LLP

	Registered No. SO307628
	Information for Filing with the Registrar
		31 March 2026

at	31 March 2026

Registered No.			SO307628	Notes	2026	2025
					£	£












Creditors: Amounts falling due within one year				4	(237,690)	(202,195)
Net current liabilities					(237,690)	(202,195)
Total assets less current liabilities					(237,690)	(202,195)


Net liabilities attributable to members					(237,690)	(202,195)

Represented by:

	Members' other interests


		Other reserves			(237,690)	(202,195)
					(237,690)	(202,195)

					(237,690)	(202,195)



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

For the year ended 31 March 2026 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) relating to small 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.

As permitted by section 444 (5A)of the Companies Act 2006 the members have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the members on 27 August 2026 and signed on its behalf by:
SCV 2 I LTD
Designated member
27 August 2026

for the year ended 31 March 2026

General information

Science Creates Ventures 2 GP LLP is a limited liability partnership and incorporated in Scotland.

Its registered number is: SO307628

Its registered office is:

Science Creates Old Market

Midland Road

Bristol

BS2 0JZ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting for Limited Liability Partnerships' issued in December 2018.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Members' remuneration and division of profits

Remuneration is paid to certain members under a contract of employment and is included as an expense in the profit and loss account.

In addition, the LLP agreement provides that fixed amounts, determined for each member each year, be paid to members, irrespective of the profits of the LLP. These amounts are included within members' remuneration charged as an expense.

Profits are treated as being available for discretionary division only if the 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. Once agreement has been reached to divide the profits, a members' share in the profit or loss for the year is accounted for as an allocation of profits. Unallocated profits and losses remain included within 'other reserves'.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Members' Interests

Members' interests are classified as either equity or debt.

Equity interests comprise any capital introduced classified as equity, any unallocated profits, any revaluation reserve and any other reserves.

Loans and other debts due to members comprise any capital introduced but classified as a liability, any loans from members, amounts due to members in respect of allocated profits less drawings and any other amounts that the LLP is contractually obliged to repay to members.

3	Employees
		2026	2025
		Number	Number

	The average number of persons employed during the year was:	0	0

4	Creditors:
	amounts falling due within one year
		2026	2025
		£	£






	Other creditors	237,690	202,195

		237,690	202,195