Bethnal Green Ventures LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC376463

Bethnal Green Ventures LLP

Filleted Unaudited Financial Statements

31 December 2025

Bethnal Green Ventures LLP

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	6,668,131	6,395,995

Current assets

Cash at bank and in hand	19	11,872

Creditors: amounts falling due within one year	5	( 93,000)	( 97,176)
		--------	--------
Net current liabilities		( 92,981)	( 85,304)
		------------	------------
Total assets less current liabilities		6,575,150	6,310,691
		------------	------------
Net assets		6,575,150	6,310,691
		------------	------------

Represented by:

Loans and other debts due to members

Members' capital classified as a liability	6	2,111,962	2,231,962
Other amounts	6	4,463,188	4,078,729
		------------	------------
		6,575,150	6,310,691
		------------	------------

Members' other interests

Other reserves	–	–
	------------	------------
	6,575,150	6,310,691
	------------	------------

Total members' interests

Loans and other debts due to members	6	6,575,150	6,310,691
Members' other interests		–	–
		------------	------------
		6,575,150	6,310,691
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

For the year ending 31 December 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) relating to small LLPs.

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 financial statements .

Bethnal Green Ventures LLP

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the members and authorised for issue on 29 September 2026 , and are signed on their behalf by:

P Miller

Designated Member

Registered number: OC376463

Bethnal Green Ventures LLP

Notes to the Financial Statements

Year ended 31 December 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Techspace Goswell Road, 140 Goswell Road, London, EC1V 7DY, England.

2.	Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021(SORP 2022).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Investments

Investments in unlisted company shares, are initially measured at cost, which includes transaction costs. Subsequent to initial recognition investments, whose market value can be reliably determined, are revalued to fair value in accordance with the "International Private Equity and Venture Capital Valuation Guidelines" ("the Guidelines"). According to the Guidelines, investments are to be valued at fair value and, where an 'active' market exists, at quoted market price for quoted companies.

All investments in portfolio companies are held as a means to benefit from increases in their marketable value and not as a medium through which the business of the partnership is carried out. Accordingly they are not accounted for as either subsidiaries or associates

Financial instruments

Financial assets Financial assets are recognised when the entity becomes a party to the contractual provisions of the financial instrument. The Company does not hold any third-party financial assets. Trade and other receivables Trade and other receivables are amounts due from customers for services performed in the ordinary course of business. If collection is expected in one year or less, they are classified as current assets. If not, they are presented as non-current assets. Trade and other receivables are initially recognised at fair value and subsequently measured at amortised cost less provision for impairment. Trade and other payables Obligations to pay for goods and services; current and non-current are initially recognised at fair value and are subsequently measured at amortised costs.

4.	Investments

	Other investments
	£
Valuation
At 1 January 2025	6,395,995
Disposals	( 441,465)
Revaluations	713,601
	------------
At 31 December 2025	6,668,131
	------------
Impairment
At 1 January 2025 and 31 December 2025	–
	------------

Carrying amount
At 31 December 2025	6,668,131
	------------
At 31 December 2024	6,395,995
	------------

The cost of other fixed asset investment at 31 December 2025 was £2,199,233 (2024: £2,449,209).

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to associated companies	–	5,127
Other creditors	93,000	92,049
	--------	--------
	93,000	97,176
	--------	--------

Amounts owed to associated undertakings are unsecured, interest-free and repayable on demand.

6.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	4,463,188	4,078,729
Other amounts	2,111,962	2,231,962
	------------	------------
	6,575,150	6,310,691
	------------	------------

7.	Other financial commitments

There were no financial commitments or contracts for capital expenditure outstanding at the reporting date (2024: £nil).