BlankPage 1 GP LLP - LLP accounts 24.3

REGISTERED NUMBER: OC457570 (England and Wales)

REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 28 JULY 2025 TO 31 MARCH 2026

FOR

BLANKPAGE 1 GP LLP

Page

General Information

1

Report of the Members

2

Statement of Members' Responsibilities

4

Income Statement

5

Statement of Financial Position

6

Reconciliation of Members' Interests

7

Notes to the Financial Statements

8

DESIGNATED MEMBERS:

BlankPage Capital Ltd

Blankpage UK Ltd

REGISTERED OFFICE:

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

HA1 3EX

REGISTERED NUMBER:

OC457570 (England and Wales)

ACCOUNTANTS:

Barber & Company

A trading name of PCM Accounting Limited

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

The members present their report with the financial statements of the LLP for the period 28 July 2025 to 31 March 2026.

INCORPORATION

The LLP was incorporated on 28 July 2025 .

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of acting as the general partner of Blankpage 1 LP, a limited liability partnership, registered in the United Kingdom.

REVIEW OF BUSINESS

The LLP agreement was executed on 30th July, 2025.

During the period, the LLP was established and remained in a pre-launch position while the related fund was seeking to raise capital.

As at 31st March, 2026, the related fund had not raised external committed capital, and the LLP had not commenced substantive operating activity.

The LLP had had no bank account, no turnover, no administrative expenses, no capital calls, no General Partner's Share, no priority profit share and no fund-related liabilities during the period.

DESIGNATED MEMBERS

The designated members during the period under review were:

BlankPage Capital Ltd

Blankpage UK Ltd

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The profit for the period before members' remuneration and profit shares was £NIL.

MEMBERS' INTERESTS

The policy on Members' drawings and the subscription and repayment of members' capital is as follows:

The members' capital contributions to the LLP shall be £50 for each member.

Under the LLP agreement dated 30th July, 2025, Blankpage Capital Ltd is required to contribute £50 to the capital of the LLP and Blankpage UK Ltd is required to contribute £50 to the LLP's capital.

As at 31st March, 2026, these capital contributions had not been received by the LLP and have therefore been recognised as amounts due from members.

The members' capital contributions are classified as equity. There are no members' current account balances, drawings, loans, or other debts due to members as at 31st March, 2026.

No member has the right, directly or indirectly, to withdraw or receive back its capital contribution except in accordance with the LLP agreement.

ROLE OF GENERAL PARTNER OF THE FUND

The LLP acts as the general partner of Blankpage 1 LP.

Based on the fund documentation reviewed by the members, the General Partner may, but is not required to, make a commitment or capital contribution to the fund.

As at 31st March, 2026, the LLP had not elected to make a commitment to the fund, no capital contribution had been called from or paid by the LLP, and no drawdown notice or capital call had been issued to the LLP.

No amount was due to or from the fund as at 31st March, 2026.

No General Partner's Share, priority profit share. management fee, partnership expense reimbursement, fund-related income, fund-related expense, or fund-related liability arose in the LLP during the period.

GOING CONCERN

The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the members continue to adopt the going concern basis in preparing these financial statements.

The LLP is expected to become active when the related fund raises capital and commences operations.

Any future compliance, administration, accounts preparation, tax compliance or similar third-party costs are expected to be supported by Blankpage Capital Ltd and no such costs had been incurred by, or recharged to, the LLP as at 31st March, 2026.

KEY FINANCIAL AND BUSINESS RISKS

The members have considered the LLP's financial and business risks. As the LLP had not commenced substantive operating activity during the period, the members do not consider there to be any material financial or business risks requiring disclosure in these financial statements, other than the LLP's future dependancy on the successful launch and operation of the related fund.

ON BEHALF OF THE MEMBERS:

BlankPage Capital Ltd - Designated member

6 October 2026

The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TURNOVER

3

-

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS

-

CURRENT ASSETS

Debtors

6

100

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO
MEMBERS

100

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

MEMBERS' OTHER INTERESTS

Capital accounts

100

TOTAL MEMBERS' INTERESTS

Members' other interests

100

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 6 October 2026 and were signed by:

BlankPage Capital Ltd - Designated member

EQUITY

Members' other interests

Members'

capital

(classified

as

Other

equity)

reserves

Total

£

Balance at 28 July 2025

-

Profit for the financial period available for
discretionary division among members

-

Members' interests after profit for the period

-

Introduced by members

100

-

100

Balance at 31 March 2026

100

-

100

DEBT

TOTAL

Loans and other debts due to

MEMBERS'

members less any amounts due

INTERESTS

from members in debtors

Other

amounts

Total

£

Amount due to members

-

Amount due from members

-

Balance at 28 July 2025

-

Profit for the financial period available for
discretionary division among members

-

Members' interests after profit for the period

-

Introduced by members

-

100

Amount due to members

-

Amount due from members

-

Balance at 31 March 2026

-

100

1.	STATUTORY INFORMATION

BlankPage 1 GP LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The LLP is a limited liability partnership incorporated in England and Wales. The address of the registered office is given on the information page and the LLP's principal activity is set out in the Report of the Members.

These financial statements have been prepared in accordance with FRS 102, including Section 1A applicable to small entities, and the Companies Act 2006 as applied to limited liability partnerships.

The financial statements have been prepared under the historical cost convention and are presented in sterling, which is the LLP's functional currency.

These are the first financial statements of the LLP and cover the period from 28th July, 2025 to 31st March, 2026.

JUDGEMENTS IN APPLYING ACCOUNTING POLICIES

In preparing these financial statements, the members have made no judgements, estimates or assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial period.

GOING CONCERN

The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future. The LLP is expected to become active when the related fund raises capital and commences operations.

As at 31st March, 2026, the LLP had no substantive operating activity, no bank account, no income, no expenses, no third-party liabilities and no fund-related liabilities.

Any future compliance, administration, accounts preparation, tax compliance or similar third-party costs are expected to be supported by Blankpage Capital Ltd and recharged to the LLP or otherwise settled in accordance with the relevant arrangements once the LLP has sufficient resources.

No such costs had been incurred by, or recharged to, the LLP as at 312st March, 2026.

The members therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

TURNOVER

Turnover represents amounts receivable by the LLP in respect of services supplied in the ordinary course of business.

No turnover arose during the period.

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

At 31st March, 2026, the LLP's only debtor balance was £100 due from members in respect of unpaid capital contributions required under the LLP agreement.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents comprise cash and short-term deposits with an original maturity of three months or less.

The LLP did not have a bank account during the period and had no cash or cash equivalents at 31st March, 2026.

MEMBERS' CAPITAL AND REMUNERATION

Members' capital classified as equity represents members' interests in the LLP where there is no obligation to repay those amounts.

Under the LLP agreement dated 30th March, 2025,each member is required to contribute £50 to the capital of the LLP. Where such amounts have not been received by the reporting date, they are recognised as amounts due from members within other debtors.

No members' remuneration was charged as an expense during the period.

Profits and losses of the LLP are allocated to the members pro rata to their respective capital contributions, unless otherwise agreed by the members.

No profit or loss arose during the period.

TAXATION

The LLP is treated as transparent for UK tax purposes. Taxation on any taxable profits of the LLP is the responsibility of the members and is not reflected in these financial statements. The LLP had no taxable profit for the period.

The LLP had no taxable profit for the period.

3.

TURNOVER

Turnover for the period was £Nil.

4.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

5.	OPERATING PROFIT

Operating profit is stated after charging:

Administrative expenses: £Nil

Auditor's remuneration: £Nil

Accountancy and filing fees: £Nil

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

100

Other debtors represent amounts due from members in respect of unpaid capital contributions required under the LLP agreement.

7.

CREDITORS

Creditors: - £Nil

Accruals: - £Nil

Amounts owed to members: £Nil

Amounts owed to related parties: £Nil

Total creditors falling due within one year: £Nil

8.	MEMBERS' CAPITAL AND OTHER INTERESTS

Under the agreement dated 30th March, 2025, Blankpage Capital Ltd is required to contribute £50 to the capital of the LLP and Blankpage UK Ltd is required to contribute £50 to the capital of the LLP.

As at 31st March, 2026, these amounts had not been received by the LLP.

Amounts due from Blankpage Capital Ltd in respect of capital contributions were £50.

Amounts due from Blankpage UK Ltd in respect of capital contributions were £50.

Total amounts due from members in respect of capital contributions were £100.

Members' capital classified as equity was £100 at 31st March, 2026.

Members' current accounts were £Nil at 31st March, 2026.

Loans and other debts due to members were £Nil at 31st March, 2026.

No drawings were made by members during the period.

9.	ROLE AS GENERAL PARTNER OF THE FUND

The LLP acts as general partner of Blankpage 1 LP, a limited partnership registered in the United Kingdom.

Based on the fund documentation reviewed by the members, the General Partner may, but is not required to, make a commitment or capital contribution to the fund.

As at 31st March, 2026, the LLP had not elected to make a commitment to the fund.

No capital contribution had been called from or paid by the LLP as at 31st March, 2026.

No drawdown notice or capital call had been issued to the LLP as at 31st March, 2026.

No amount was due to or from the fund as at 31st March, 2026.

No General Partner's Share, priority profit share, management fee, partnership expense reimbursement, fund-related income, fund-related expense or fund-related liability arose in the LLP during the period.

10.	RELATED PARTY TRANSACTIONS

No related party transactions occurred during the period, other than the members' capital contribution obligations disclosed in note 9.

Any future compliance, administration, accounts preparation, tax compliance or similar third-party costs may be supported by Blankpage Capital Ltd and recharged to the LLP or otherwise settled in accordance with the relevant arrangements once the LLP has sufficient funds.

No such costs had been incurred by, or recharged to, the LLP as at 31st March, 2026.

11.	GUARANTEES, INDEMNITIES AND SECURITY

No guarantees or security were given by the members in respect of the liabilities or obligations of the LLP during the period.

The LLP agreement contains an indemnity in favour of members for certain claims, costs and demands arising from payments reasonably made or liabilities reasonably incurred by members in the performance of their duties as members of the LLP.