SCALEUP CAPITAL GP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
ScaleUp Capital GP Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales.
The Company's registered address is 44 Catherine Place, London, England, SW1E 6HL.
The principal activity of the Company is to act as general partner.
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Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The Company is the parent of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its group.
The turnover shown in the statement of comprehensive income represents the company's profit allocation from ScaleUp Capital General Partner LLP.
Investments in subsidiaries are held at cost less provision for impairment.
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.
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Investments in subsidiary companies
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