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' and the Companies Act 2006 and in accordance with the Statement of Recommended Practice 'Accounting' by Limited Liability Partnerships.

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

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 limited liability partnership is exempt from the requirement to produce consolidated accounts on the basis that it qualifies as a small limited liability partnership.

The functional currency of Outlier Capital 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.

The partnership possesses substantial cash, stablecoin balances, and readily tradable cryptocurrencies, enabling it to meet its debts as they fall due for the foreseeable future. These stablecoins and readily tradable cryptocurrencies, classified under Revalued Intangible Fixed Assets, can be liquidated at short notice and are therefore treated as cash-like assets. Accordingly, the partnership has continued to prepare its financial statements on a going concern basis.

Turnover comprises the fair value of the consideration received or receivable for consultancy services in connection with the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The limited liability partnership recognises revenue when all of the following conditions are satisfied:
- the amount of revenue can be reliably measured;
- all of the significant risks and rewards of ownership have been transferred to the customer;
- the entity retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably;
- it is probable that future economic benefits will flow to the entity

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

Intangible assets relate to intangible assets at cost and revalued intangibles.

Intangible assets at cost relate to cryptocurrency option and investment agreements which are measured at cost less accumulated impairment and illiquid cryptocurrency tokens received from staking rewards which are measured at market value on the date they are received less accumulated impairment.

Revalued intangibles relate to liquid cryptocurrencies that have a very active trading market and can be readily converted to cash. Liquid cryptocurrencies are initially measured at cost and are subsequently measured at fair value, with changes in fair value recognised in other comprehensive income.

Any gain or loss on disposal of intangible fixed assets are recognised in other operating income.

Investments into equity or tokens which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the limited liability partnership will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the limited liability partnership does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the partnership has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Revalued intangible fixed assets are bought and sold regularly. They are revalued to market value at the end of each financial year.