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Annual report and financial statements
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For the year ended 31 December 2024
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Registered number: OC396039
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Information
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Anthemis Foundry Management LLP
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Anthemis Investments Limited
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3rd Floor
19-20 Berners Street
London
W1T 3NW
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Buzzacott Financial Sector Outsourcing LLP
Chartered Accountants
130 Wood Street
London
EC2V 6DL
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Contents
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Chartered accountant's report
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Statement of comprehensive income
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Statement of financial position
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Reconciliation of members' interests
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Notes to the financial statements
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Members' report
For the year ended 31 December 2024
The members present their annual report together with the financial statements of Anthemis Foundry LLP (the "LLP") for the year ended 31 December 2024.
Principal activity
The principal activity of the LLP in the period under review was research and development of financial and insurance technology.
Designated Members
The following were designated members during the year:
Anthemis Foundry Management LLP
Anthemis Investments Limited
Members' capital and interests
Each member's subscription to the capital of the LLP is determined by their share of the profit and is repayable
following retirement from the LLP.
Details of changes in members' capital in the ended 31 December 2024 are set out in the Reconciliation of members' interests.
Members are remunerated from the profits of the LLP and are required to make their own provision for pensions and
other benefits. Profits are allocated and divided between members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.
Going concern
The members have assessed the ability of the LLP to continue as a going concern for the next 12 months from the date of approval of these financial statements. The assessment includes the impact of the volatility in the markets associated with the impact of the Russian – Ukraine conflict, the Middle Eastern conflict, and post US election implementation of new tariffs. This has led to rising pressure on inflation rates, fluctuations in foreign exchange rates, unease in stock market trading and interest rate risks.
These factors are outside the member’s control but given the LLP has no direct links to the conflict or region it expects no specific impact.
Having performed the analysis above, the members believe that the LLP has sufficient liquidity to meet its liabilities for the 12 months from the date of approval of these financial statements and that the preparation of the financial statements on a going concern basis remains appropriate as the LLP expects to be able to meet its obligations as and when they fall due for the foreseeable future.
This report was approved by the members and signed on their behalf by:
................................................
Naoshir Vachha, Director of Anthemis Investments Limited
Designated member
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Page 1
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Chartered accountants' report to the members on the preparation of the unaudited statutory financial statements of Anthemis Foundry LLP for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008), we have prepared for your approval the financial statements of Anthemis Foundry LLP for the year ended 31 December 2024 which comprise the Statement of comprehensive income, the Statement of financial position, the Reconciliation of members' interestsand the related notes from the LLP's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the members in accordance with the terms of our engagement letter dated 23 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Anthemis Foundry LLP and state those matters that we have agreed to state to the Anthemis Foundry LLP's members in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anthemis Foundry LLP and its members for our work or for this report.
It is your duty to ensure that Anthemis Foundry LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Anthemis Foundry LLP. You consider that Anthemis Foundry LLP is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Anthemis Foundry LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Buzzacott Financial Sector Outsourcing LLP
Chartered Accountants
130 Wood Street
London
EC2V 6DL
4 July 2025
Page 2
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Statement of comprehensive income
For the year ended 31 December 2024
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Loss for the year before members' remuneration and profit shares available for discretionary division among members
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Total comprehensive income for the year
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There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.
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The notes on pages 7 to 8 form part of these financial statements.
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Page 3
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Anthemis Foundry LLP - Registered number:OC396039
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Statement of financial position
As at 31 December 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Loans and other debts due to members within one year
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Members' capital classified as equity
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Page 4
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Anthemis Foundry LLP - Registered number:OC396039
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Statement of financial position (continued)
As at 31 December 2024
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.
The financial statements were approved and authorised for issue by the members and were signed on their behalf
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Naoshir Vachha, Director of Anthemis Investments Limited
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The notes on pages 7 to 8 form part of these financial statements.
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Page 5
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Reconciliation of members' interests
For the year ended 31 December 2024
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EQUITY
Members' other interests
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Members' capital (classified as equity)
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Balance at 1 January 2023
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Loss for the year available for discretionary division among members
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Members' interests after profit for the year
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Balance at 31 December 2023
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Loss for the year available for discretionary division among members
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Members' interests after profit for the year
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Balance at 31 December 2024
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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.
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Page 6
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Notes to the financial statements
For the year ended 31 December 2024
Anthemis Foundry LLP is a Limited Liability Partnership incorporated in England & Wales. The registered office and principal place of business of the LLP is 3rd Floor, 19-20 Berners Street, London, W1T 3NW.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the LLP's accounting policies.
The following principal accounting policies have been applied:
The members have assessed the ability of the LLP to continue as a going concern for the next 12 months from the date of approval of these financial statements. The assessment includes the impact of the volatility in the markets associated with the impact of the Russian – Ukraine conflict, the Middle Eastern conflict, and post US election implementation of new tariffs. This has led to rising pressure on inflation rates, fluctuations in foreign exchange rates, unease in stock market trading and interest rate risks.
These factors are outside the member’s control but given the LLP has no direct links to the conflict or region it expects no specific impact.
Having performed the analysis above, the members believe that the LLP has sufficient liquidity to meet its liabilities for the 12 months from the date of approval of these financial statements and that the preparation of the financial statements on a going concern basis remains appropriate as the LLP expects to be able to meet its obligations as and when they fall due for the foreseeable future.
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Functional and presentation currency
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The LLP's functional and presentational currency is GBP.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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The entity has no employees.
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Page 7
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Notes to the financial statements
For the year ended 31 December 2024
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Creditors: amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Page 8
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