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Registered number: 14587638










ARCH VENTURE MANAGEMENT UK LTD.










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 18 MONTH PERIOD ENDED 30 JUNE 2024

 
ARCH VENTURE MANAGEMENT UK LTD.
REGISTERED NUMBER: 14587638

BALANCE SHEET
AS AT 30 JUNE 2024

2024
Note
£

  

Current assets
  

Debtors
 4 
31,246

  
31,246

Creditors
  
(19,602)

Net current assets
  
 
 
11,644

Total assets less current liabilities
  
11,644

  

Net assets
  
11,644


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
11,643

  
11,644


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 January 2025.




M Mcdonnell
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ARCH VENTURE MANAGEMENT UK LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 30 JUNE 2024

1.


General information

Arch Venture Management UK Limited. (the "Company") is a private company limited by shares and is incorporated,domiciled and registered in England and Wales (Registered number: 14587638). The address of its registered office is C/O Andersen LLP, 20 Gracechurch Street,11th Floor, London, United Kingdom, EC3V 0BG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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.

The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

  
2.2

Going concern

The director has determined that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the ultimate parent company, Arch Venture Management LLC. The director's going concern assessment covers the period to 31 January 2026 and confirmation has been received that Arch Venture Management LLC will support the Company until this date, so long as the Company remains a subsidiary of Arch Venture Management LLC.
The Company's ability to meet its future liabilities is therefore dependent on the financial performance, position and liquidity of the Group as a whole. At a Arch Venture Management LLC level, considerations included potential risks and uncertainties in the business, credit, market and liquidity risks. Stress testing has been carried out to ensure Arch Venture Management LLC has sufficient cash resources to continue in operation for the period to 31 January 2026. This stress testing modelled a scenario with materially reduced levels of cash receipts over the next 12 months. Based on these considerations, together with available market information and the director's knowledge and experience of the Company, the director continues to adopt the going concern basis in preparing the financial statements for the period ended 30 June 2024.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is recognised on a cost plus 8% basis, in line with the intercompany service agreement with the parent company. Intercompany revenue is recognised when all of the following conditions are satisfied :
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the intercompany service
  agreement; and
- the costs incurred under the intercompany service agreement can be measured reliably.

Page 2

 
ARCH VENTURE MANAGEMENT UK LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

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.

  
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.

  
2.8

Share capital

Ordinary shares are classified as equity.


3.


Employees

The average monthly number of employees, including directors, during the 18 month period was 1.

Page 3

 
ARCH VENTURE MANAGEMENT UK LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 30 JUNE 2024

4.


Debtors

2024
£


Amounts owed by group undertakings
28,006

VAT recoverable
3,240

31,246



5.


Creditors

2024
£

Corporation tax
4,102

Accruals and deferred income
15,500

19,602



6.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary shares share of £1.00
1


Upon incorporation on 12 January 2023, the Company issues 1 share with nominal value of £1.


7.


Reserves

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


8.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and
the date these financial statements were approved.


9.


Controlling party

The immediate and ultimate controlling party is Arch Venture Management LLC, incorporated in the United States of America with its registered at 8755 W. Higgins Road, Suite 1025, Chicago, United States, IL60631.

Page 4

 
ARCH VENTURE MANAGEMENT UK LTD.
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTH PERIOD ENDED 30 JUNE 2024

10.


Auditors' information

The auditors' report on the financial statements for the 18 month period ended 30 June 2024 was unqualified.

The audit report was signed on 10 January 2025 by Jonathan Bregman BSc FCA FCCA (Senior Statutory Auditor) on behalf of TC Group.


Page 5