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REGISTERED NUMBER: OC433471 (England and Wales)












LAMBDA ADVISERS LLP

Unaudited Financial Statements for the Year Ended 31 March 2025






LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAMBDA ADVISERS LLP

General Information
for the Year Ended 31 March 2025







DESIGNATED MEMBERS: P J Richardson
Mrs C M Richardson





REGISTERED OFFICE: Huntsmans Cottage
Kennel Lane
Windlesham
Surrey
GU20 6AA





REGISTERED NUMBER: OC433471 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Investments 4 2 2

CURRENT ASSETS
Debtors 5 19 19
Cash at bank 2,006 9,046
2,025 9,065
CREDITORS
Amounts falling due within one year 6 1,109 1,330
NET CURRENT ASSETS 916 7,735
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 918 7,737

LOANS AND OTHER DEBTS DUE TO
MEMBERS

918

7,737

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 918 7,737

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 year ended 31 March 2025.

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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 11 July 2025 and were signed by:



P J Richardson - Designated member



Mrs C M Richardson - Designated member


LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471)

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

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Share Options are initially recognised at cost on the date a contract is entered into and are subsequently remeasured to their fair value at the end of each reporting period.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024
and 31 March 2025 2
NET BOOK VALUE
At 31 March 2025 2
At 31 March 2024 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 19 19

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 29 30
Other creditors 1,080 1,300
1,109 1,330

LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471)

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

7. FINANCIAL INSTRUMENTS

During the period under review Lambda Advisers LLP held at the balance sheet date the following share options in consideration of contracts entered into previously.

Company Grant Date No. ofOptions VestingPeriod Vesting Start
Date

Atheer, Inc. 21/01/2021 50,000 24 Months 23/03/2020

Atheer, Inc. 01/02/2022 28,517 24 Months 01/02/2022

RecVue, Inc. 03/03/2021 59,000 12 Months 01/01/2021