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Registration number: OC417818

Stride.VC LLP

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Stride.VC LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 9

Balance Sheet

2

Notes to the Financial Statements

4

 

Stride.VC LLP

Limited liability partnership information

Designated members

R Waide

F Destin
 

Members

G Cahane

Registered office

4 Grotto Passage
London
W1U 4JX

Accountants

EVMS Partners LLP
Chartered Accountants
45 Ludgate Hill
London
EC4M 7JU

 

Stride.VC LLP

(Registration number: OC417818)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

757,863

1,178,576

Investments

4

10,670

10,670

 

768,533

1,189,246

Current assets

 

Debtors

5

473,112

514,242

Cash and short-term deposits

 

550,220

309,900

 

1,023,332

824,142

Creditors: Amounts falling due within one year

6

(319,617)

(629,926)

Net current assets

 

703,715

194,216

Net assets attributable to members

 

1,472,248

1,383,462

Represented by:

 

Loans and other debts due to members

 

Other amounts

7

445,082

463,838

Members’ other interests

 

Members' capital classified as equity

 

70,000

60,000

Other reserves

 

957,166

859,624

 

1,027,166

919,624

   

1,472,248

1,383,462

Total members' interests

 

Loans and other debts due to members

 

445,082

463,838

Equity

 

1,027,166

919,624

   

1,472,248

1,383,462

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

 

Stride.VC LLP

(Registration number: OC417818)
Balance Sheet as at 31 March 2025

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Stride.VC LLP (registered number OC417818) were approved by the Board and authorised for issue on 16 July 2025. They were signed on behalf of the limited liability partnership by:

.........................................
R Waide
Designated member

 

Stride.VC LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'', the Companies Act 2006 as applied to limited liability partnerships and the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships.'

General information and basis of accounting

The limited liability partnership is incorporated in United Kingdom under the Limited Liability Partnership Act 2000. The address of the registered office is 4 Grotto Passage, London W1W 4JX . The principal activity of the limited liability partnership is the provision of investment advisory and fund management services.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of Stride.VC LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Going concern

The financial liquidity position of the LLP is such that it is well placed to manage its business risks successfully. The members expect that the LLP will have available resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting has been adopted in preparing the annual financial statements.

Exemption from preparing group accounts

The limited liability partnership is part of a small group. The limited liability partnership has taken advantage of the exemption provided by Section 399 (2A) of the Companies Act 2006, as applied to limited liability partnerships, and has not prepared group accounts.

Revenue recognition

Turnover represents advisory fees and is recognised over the period in which the advisory services are provided.

Members' remuneration and division of profits

A member's non-discretionary distribution is accounted for as remuneration charged as an expense in the profit and loss account after arriving at "profit for the financial period before members' remuneration and profit shares".

A member's discretionary share in the profit or the loss for the period is accounted for as an allocation of profits. Unallocated profits and losses are included within "other reserves".

 

Stride.VC LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

Foreign currency

The LLP's functional and presentational currency is GBP.

Foreign currency translations are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end, foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.

Foreign exchange gains and losses resulting from settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign exchange currencies are recognised in profit or loss.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is provided on tangible fixed assets on a straight line basisso as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Leasehold improvements

Over the lease term

Office equipment

5 years

Computer equipment

2 years

The residual value of artwork is considered to be equal to or above historic cost, so no depreciation is provided on this asset class. This represents a departure from the requirement in the Companies Act 2006, as applied to limited liability partnerships to provide for depreciation on fixed assets. However, the members believe that making such provision would not give a true and fair view.

Fixed asset investments

Investments are measured at cost less accumulated impairment.

 

Stride.VC LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

Hire purchase and leasing

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the leasee's benefit from the use of the leased asset.

Financial Instruments

The LLP does not trade in financial instruments and all such instruments arise directly from operations.

All trade and other debtors are initiallty recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The entity does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment.

The LLP's cash holdings comprise on demand balances. All cash is held with banks with strong external credit ratings.

Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished.

As the LLP only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

2

Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 5 (2024 - 9).

 

Stride.VC LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

3

Tangible fixed assets

Short leasehold land and buildings
£

Office equipment
 £

Computer equipment
 £

Art work
 £

Total
£

Cost

At 1 April 2024

1,694,960

127,057

42,155

63,200

1,927,372

Additions

18,852

11,190

2,969

-

33,011

At 31 March 2025

1,713,812

138,247

45,124

63,200

1,960,383

Depreciation

At 1 April 2024

659,910

52,700

36,186

-

748,796

Charge for the year

418,892

27,955

6,877

-

453,724

At 31 March 2025

1,078,802

80,655

43,063

-

1,202,520

Net book value

At 31 March 2025

635,010

57,592

2,061

63,200

757,863

At 31 March 2024

1,035,050

74,357

5,969

63,200

1,178,576

 

Stride.VC LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

4

Investments held as fixed assets

2025
£

2024
£

Shares in group undertakings

10,670

10,670

5

Debtors

2025
£

2024
£

Trade debtors

33,000

28,199

Other debtors

362,612

486,043

Prepayments and accrued income

77,500

-

Total current trade and other debtors

473,112

514,242

At the balance sheet date £105,000 (2024: £105,000) of other debtors were due in more than one year.

6

Creditors: Amounts falling due within one year

2025
£

2024
£

Trade creditors

9,039

217,461

Other creditors

-

1,564

Accruals and deferred income

308,399

408,776

Taxation and social security

2,179

2,125

319,617

629,926

7

Loans and other debts due to members

Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.

 

Stride.VC LLP

Notes to the Financial Statements for the Year Ended 31 March 2025

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2025
£

2024
£

Not later than one year

285,000

285,000

Later than one year and not later than five years

380,000

665,000

665,000

950,000

9

Related party transactions

All turnover is generated from subsidiaries or funds of which subsidiaries are the general partner. At the balance sheet date all (2024: all) trade debtors and £266,026 (2024: £191,293) of other debtors were due from subsidairies and the funds of which they are general partners.

10

Control

The ultimate controlling partner is F Destin, a designated member.