REGISTERED NUMBER: OC449437 (England and Wales)

Andrena VC LLP

Report of the Members and

Unaudited Financial Statements for the Period 9 October 2023 to 31 March 2025

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

G A Valkin

B A Valkin

REGISTERED OFFICE:

27 Old Gloucester Street

London

United Kingdom

WC1N 3AX

REGISTERED NUMBER:

OC449437 (England and Wales)

ACCOUNTANTS:

Elemental CoSec Limited

27 Old Gloucester Street

London

WC1N 3AX

The members present their report with the financial statements of the LLP for the period 9 October 2023 to 31 March 2025.

INCORPORATION

The LLP was incorporated on 9 October 2023 and commenced trading on the same date.

The LLP passed a special resolution on 16 April 2024 changing its name from GVAF LLP to Andrena VC LLP.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the period under review was that of provision of advisory services on venture capital investments.

DESIGNATED MEMBERS

The designated members during the period under review were:

B J Valkin - Appointed on 9 October 2023, resigned on 5 January 2024.

G A Valkin - Appointed on 9 October 2023.

B A Valkin - Appointed on 5 January 2024.

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS

The profit for the period before members' remuneration and profit shares was £65,023.

MEMBERS' INTERESTS

The Business will be funded by Capital Contributions from Members, Member Loans and the retained profits of the LLP as the Executive Member may determine from time-to-time. A Member’s Capital Contribution shall be credited to his Capital Account.Profits/(Losses) shall be divided between the Members in accordance with their respective Net Profit Share, and shall be credited to the Members’ respective Current Accounts.

ON BEHALF OF THE MEMBERS:

G A Valkin - Designated member

8 October 2025

TURNOVER

83,742

Administrative expenses

18,719

OPERATING PROFIT and

PROFIT FOR THE FINANCIAL PERIOD BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS

65,023

FIXED ASSETS

Tangible assets

5

1,021

CURRENT ASSETS

Debtors

6

21,228

Cash at bank

4,519

25,747

CREDITORS

Amounts falling due within one year

7

26,712

NET CURRENT LIABILITIES

(965

)

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

56

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

54

MEMBERS' OTHER INTERESTS

Capital accounts

2

56

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

54

Members' other interests

2

Amounts due from members

6

(16,205

)

(16,149

)

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

The financial statements were approved by the members of the LLP and authorised for issue on 8 October 2025 and were signed by:

G A Valkin - Designated member

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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 for goods sold and services rendered in the ordinary course of business. It is presented net of returns, trade discounts, rebates, value added tax (VAT), and other applicable indirect taxes.

Revenue from services is recognised as and when services are rendered, based on the stage of completion, provided the revenue can be measured reliably and it is probable that the economic benefits will flow to the Company.

Tangible fixed assets

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

Computer Equipments - 33% Straight Line

3.	EMPLOYEE INFORMATION

The average number of employees during the period was NIL.

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

712

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,733

At 31 March 2025

1,733

DEPRECIATION

Charge for period

712

At 31 March 2025

712

NET BOOK VALUE

At 31 March 2025

1,021

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,388

Amounts owed by group undertakings

2,472

Other debtors

16,368

21,228

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

5,211

Other creditors

21,501

26,712

8.

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.There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is G A Valkin.