Chikara Investments LLP OC310342 false 2024-01-01 2025-03-31 2025-03-31 The principal activity of the company is to provide fund management services. The LLP is regulated by the Financial Conduct Authority (FCA). Digita Accounts Production Advanced 6.30.9574.0 OC310342 2024-01-01 2025-03-31 OC310342 2025-03-31 OC310342 core:OtherReservesSubtotal 2025-03-31 OC310342 core:CurrentFinancialInstruments 2025-03-31 OC310342 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 OC310342 bus:FRS102 2024-01-01 2025-03-31 OC310342 bus:Audited 2024-01-01 2025-03-31 OC310342 bus:FullAccounts 2024-01-01 2025-03-31 OC310342 bus:RegisteredOffice 2024-01-01 2025-03-31 OC310342 bus:PartnerLLP1 2024-01-01 2025-03-31 OC310342 bus:PartnerLLP2 2024-01-01 2025-03-31 OC310342 bus:PartnerLLP3 2024-01-01 2025-03-31 OC310342 bus:PartnerLLP5 2024-01-01 2025-03-31 OC310342 bus:LimitedLiabilityPartnershipLLP 2024-01-01 2025-03-31 OC310342 1 2024-01-01 2025-03-31 OC310342 2 2024-01-01 2025-03-31 OC310342 3 2024-01-01 2025-03-31 OC310342 countries:AllCountries 2024-01-01 2025-03-31 OC310342 2023-12-31 OC310342 2023-01-01 2023-12-31 OC310342 2023-12-31 OC310342 core:OtherReservesSubtotal 2023-12-31 OC310342 core:CurrentFinancialInstruments 2023-12-31 OC310342 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 OC310342 1 2023-01-01 2023-12-31 OC310342 2 2023-01-01 2023-12-31 OC310342 3 2023-01-01 2023-12-31 OC310342 2022-12-31 iso4217:GBP xbrli:pure

Registration number: OC310342

Chikara Investments LLP
Annual Report and Financial Statements
for the period from 1 January 2024 to 31 March 2025

Chikara Investments LLP

Contents

Limited liability partnership information | 1
Members' Report | 2 to 3
Statement of Members' Responsibilities | 4
Independent Auditor's Report | 5 to 8
Financial Statements | 9 to 18
Profit and Loss Account | 9
Balance Sheet | 10
Statement of Changes in Members’ Interests | 11
Cash Flow Statement | 13
Notes to the Financial Statements | 14

Chikara Investments LLP

Limited liability partnership information

Designated members | James Tollemache Richard Aston

Members | Chikara Investment Services Limited Andrew Draycott

Registered office | 31-32 St James's Street 5th Floor London SW1A 1HD

Solicitors | Schulte Roth & Zabel International LLP One Eagle Place London SW1Y 6AF

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

Chikara Investments LLP

Members' Report for the period from 1 January 2024 to 31 March 2025

The members present their report and the financial statements for the period from 1 January 2024 to 31 March 2025.

Principal activity

The principal activity of the limited liability partnership is to provide fund management services. The LLP is regulated by the Financial Conduct Authority (FCA).

Designated members

The members who held office during the period were as follows:

James Tollemache

Richard Aston

Members' drawings and the subscription and repayment of members' capital

Members share profits and losses in accordance with agreed profit sharing agreement.
Members' capital and drawings are determined by the regulatory capital requirements of the FCA and any trading needs of the LLP. Members' capital is not repayable except where allowed under FCA rules.

Results for the year and allocation to members

The profit for the period available for discretionary division among members was £233,716 (year to 31 December 2023: £nil) after members' remuneration charged as an expense of £155,833 (year to 31 December 2023: £3,659,640).

Public disclosures

The firm has documented the disclosures required by the FCA under MIFIDPRU 8. These are available on the firm's website.

Disclosure of information to the auditors

Each member has taken steps that they ought to have taken as a member in order to make themselves aware of any relevant audit information and to establish that the limited liability partnership's auditors are aware of that information. The members confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Chikara Investments LLP

Members' Report for the period from 1 January 2024 to 31 March 2025

Reappointment of auditors

Blick Rothenberg Audit LLP resigned as the LLP's auditors and EVMS Partners LLP were appointed to fill the casual vacancy arising. EVMS Partners LLP has indicated its willingness to continue in office and the designated members will propose a motion re-appointing them at a meeting of members.

Approved by the Board on 17 July 2025 and signed on its behalf by:

......................................... James Tollemache Designated member

Chikara Investments LLP

Statement of Members' Responsibilities for the period from 1 January 2024 to 31 March 2025

The members are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

The Limited Liability Partnerships (Accounts & Audit) (Application of Companies Act 2006) Regulations 2008 require the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company law as applied to LLPs the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the limited liability partnership and of the profit or loss of the limited liability partnership for that year. In preparing these financial statements, the members are required to:

• | select suitable accounting policies and then apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Partnership will continue in business.

The members are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the limited liability partnership and enable them to ensure that the financial statements comply with the Companies Act 2006, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, and in accordance with the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships (issued January 2017). They are also responsible for safeguarding the assets of the limited liability partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
These responsibilities are exercised by the Board on behalf of the members.

Chikara Investments LLP

Independent Auditor's Report to the Members of Chikara Investments LLP

Opinion

We have audited the financial statements of Chikara Investments LLP (the ‘limited liability partnership’) for the period from 1 January 2024 to 31 March 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Members’ Interests, Cash Flow Statement, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• | give a true and fair view of the state of the limited liability partnership's affairs as at 31 March 2025 and of its profit for the period then ended;
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
• | have been prepared in accordance with the requirements of the Companies Act 2006, as applied to limited liability partnerships.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the limited liability partnership in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information

The members are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Chikara Investments LLP

Independent Auditor's Report to the Members of Chikara Investments LLP

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• | adequate accounting records have not been kept by the limited liability partnership, or returns adequate for our audit have not been received from branches not visited by us; or
• | the limited liability partnership financial statements are not in agreement with the accounting records and returns; or
• | we have not received all the information and explanations we require for our audit.

Responsibilities of members

As explained more fully in the Statement of Members' Responsibilities set out on page 4, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the members are responsible for assessing the limited liability partnership's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the limited liability partnership or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Chikara Investments LLP

Independent Auditor's Report to the Members of Chikara Investments LLP

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our precedures included the following: enquiring of management concerning the LLP's policies with regards to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; enquiring of management concerning the LLP's policies detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the LLP's poliices in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the LLP operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the LLP. The key laws and regulations we considered in this context included the UK Companies Act 2006, as applied to limited liability partnerships, applicable tax legislation and the relevant rules of the Financial Conduct Authority (FCA).
One particular focus area was the risk of fraud through management override of controls. Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the LLP for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of journal entries and other adjustments.
Another focus area was non-compliance with the rules of the FCA. The LLP was authorised and regulated by the FCA throughout the period. Our procedures to respond to risks identifed included the following: reviewing correspondence between the LLP and the FCA, performing analytical review to detect receipts of client money and remaining alert to the possibility of accidental receipt of client monies; and discussion of regulatory matters with the appointed officers of the LLP.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Chikara Investments LLP

Independent Auditor's Report to the Members of Chikara Investments LLP

Use of our report

This report is made solely to the limited liability partnership’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts & Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the limited liability partnership’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the limited liability partnership, and the limited liability partnership members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Philip Vipond (Senior Statutory Auditor)
For and on behalf of EVMS Partners LLP, Statutory Auditor
45 Ludgate HillLondon
EC4M 7JU

21 July 2025

Chikara Investments LLP

Profit and Loss Account for the Period from 1 January 2024 to 31 March 2025

| Note | 15 months ended 31 March 2025 £ | Year ended 31 December 2023 £
Turnover |  | 4,933,354 | 7,761,483
Administrative expenses |  | (4,596,479) | (4,101,843)
Operating profit | 3 | 336,875 | 3,659,640
Other interest receivable and similar income |  | 52,674 | -
Profit for the period before members' remuneration and profit shares |  | 389,549 | 3,659,640
Members' remuneration charged as an expense |  | (155,833) | (3,659,640)
Profit for the period available for discretionary division among members |  | 233,716 | -

Turnover and operating profit derive wholly from continuing operations.

The limited liability partnership has no recognised gains or losses for the period other than the results above.

Chikara Investments LLP

(Registration number: OC310342)
Balance Sheet as at 31 March 2025

| Note | 31 March 2025 £ | 31 December 2023 £
Current assets |  |  |
Debtors | 6 | 404,727 | 946,938
Cash and short-term deposits |  | 2,610,829 | 2,738,727
|  | 3,015,556 | 3,685,665
Creditors: Amounts falling due within one year | 7 | (1,077,583) | (1,256,129)
Net assets attributable to members |  | 1,937,973 | 2,429,536
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | 100,000 | -
Other amounts | 9 | (2,791) | 713,986
|  | 97,209 | 713,986
Members’ other interests |  |  |
Members' capital classified as equity |  | 1,607,048 | 1,715,550
Other reserves |  | 233,716 | -
|  | 1,840,764 | 1,715,550
|  | 1,937,973 | 2,429,536
Total members' interests |  |  |
Loans and other debts due to members |  | 97,209 | 713,986
Equity |  | 1,840,764 | 1,715,550
|  | 1,937,973 | 2,429,536

The financial statements of Chikara Investments LLP (registered number OC310342) were approved by the Board and authorised for issue on 17 July 2025. They were signed on behalf of the limited liability partnership by:

......................................... James Tollemache Designated member

Chikara Investments LLP

Statement of Changes in Members’ Interests
At 31 March 2025

| Equity |  | Loans and other debts due to/(from) members |  |
| Members' capital £ | Other reserves £ | Total equity £ | Members' capital classified as a liability £ | Members' other amounts £ | Total debt £ | Total 2025 £
Members' interest at 1 January 2024 | 1,715,550 | - | 1,715,550 | - | 713,986 | 713,986 | 2,429,536
Members' remuneration charged as an expense | - | - | - | - | 155,833 | 155,833 | 155,833
Profit for the financial period available for discretionary division among members | - | 233,716 | 233,716 | - | - | - | 233,716
Members' interests after total comprehensive income | 1,715,550 | 233,716 | 1,949,266 | - | 869,819 | 869,819 | 2,819,085
Members’ capital introduced | 26,748 | - | 26,748 | 100,000 | - | 100,000 | 126,748
Members' capital withdrawn | (135,250) | - | (135,250) | - | - | - | (135,250)
Drawings (including tax payments) | - | - | - | - | (872,610) | (872,610) | (872,610)
Amounts due from members | - | - | - | - | (2,791) | (2,791) | (2,791)
At 31 March 2025 | 1,607,048 | 233,716 | 1,840,764 | 100,000 | (2,791) | 97,209 | 1,937,973

Chikara Investments LLP

Statement of Changes in Members’ Interests
At 31 March 2025

| Equity |  | Loans and other debts due to/(from) members |  |
| Members' capital £ | Total equity £ | Members' other amounts £ | Total debt £ | Total 2023 £
Amounts due to members | - | - | 1,200,799 | 1,200,799 | 1,200,799
Members' interest at 1 January 2023 | 1,715,550 | 1,715,550 | 1,200,799 | 1,200,799 | 2,916,349
Members' remuneration charged as an expense | - | - | 3,659,640 | 3,659,640 | 3,659,640
Members' interests after total comprehensive income | 1,715,550 | 1,715,550 | 4,860,439 | 4,860,439 | 6,575,989
Members’ capital introduced | 26,748 | 26,748 | - | - | 26,748
Members' capital withdrawn | (26,748) | (26,748) | - | - | (26,748)
Drawings (including tax payments) | - | - | (4,146,453) | (4,146,453) | (4,146,453)
Amounts due to members | - | - | 713,986 | 713,986 | 713,986
At 31 December 2023 | 1,715,550 | 1,715,550 | 713,986 | 713,986 | 2,429,536

Chikara Investments LLP

Cash Flow Statement for the Period from 1 January 2024 to 31 March 2025

| Note | 31 March 2025 £ | 31 December 2023 £
Net cash inflow from operating activities | 10 | 700,540 | 4,458,677
Cash flows from investing activities |  |  |
Interest received |  | 52,674 | -
Cash flows from financing activities |  |  |
Payments to or on behalf of members |  | (872,610) | (4,146,453)
Capital contributions by members |  | 126,748 | 26,748
Capital contributions withdrawn by members |  | (135,250) | (26,748)
Net cash flows from financing activities |  | (881,112) | (4,146,453)
Net (decrease)/increase in cash and cash equivalents |  | (127,898) | 312,224
Cash and cash equivalents at 1 January |  | 2,738,727 | 2,426,503
Cash and cash equivalents at 31 March |  | 2,610,829 | 2,738,727

| 31 March 2025 £ | 31 December 2023 £
Reconciliation to cash at bank and in hand: |  |
Cash at bank | 2,610,829 | 2,738,727

Chikara Investments LLP

Notes to the Financial Statements for the Period from 1 January 2024 to 31 March 2025

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'', the Companies Act 2006 as applied to limited liability partnerships and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' published in December 2021.

General information and basis of accounting

The limited liability partnership is incorporated in 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 functional currency of Chikara Investments 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.

Revenue recognition

Revenue compromises reveune recognised by the LLP in respect of services supplied, exclusive of value added tax. Management fees are recognised as they accrue. Performance fees are recognised on crystallisation.

Members' remuneration and division of profits

Automatic allocations of profit to members are included as an expense in the profit and loss account as members' remuneration.
Unallocated profits and losses are included within "Other reserves".

Chikara Investments LLP

Notes to the Financial Statements for the Period from 1 January 2024 to 31 March 2025

Foreign currency

The partnership's functional and presentational currency is pound sterling.
Foreign currency transactions 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 and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members during the year.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

Financial instruments

Classification

The LLP does not trade in financial instruments and all such instruments arise directly from operations.
All trade and other debtors are initially 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 balances may be impaired. The entity does not hold collateral gainst 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 after taking account of amounts due to members is a reasonable measure of its liquidity at any given time.

2 | Turnover

The turnover and operating profit for the period was derived from the LLP's principal continuing activity which was carried out wholly in the UK.

Chikara Investments LLP

Notes to the Financial Statements for the Period from 1 January 2024 to 31 March 2025

3 | Operating profit

Operating profit is stated after charging /(crediting):

| 31 March 2025 £ | 31 December 2023 £
Foreign currency gains | 4,213 | 9,866
Auditors remuneration | 19,000 | 77,200

4 | Employees

The LLP has no employees.

5 | Auditor's remuneration

| 31 March 2025 £ | 31 December 2023 £
Audit of the financial statements | 12,000 | 20,700
Fees payable to the LLP's auditor and its associates for other services: |  |
Other services | 7,000 | 56,500

6 | Debtors

| 31 March 2025 £ | 31 December 2023 £
Trade debtors | 339,956 | 857,591
Amounts owed by group undertakings | 785 | 4,926
Other debtors | 10,841 | 21,327
Prepayments and accrued income | 53,145 | 63,094
| 404,727 | 946,938

Chikara Investments LLP

Notes to the Financial Statements for the Period from 1 January 2024 to 31 March 2025

7 | Creditors: Amounts falling due within one year

| 31 March 2025 £ | 31 December 2023 £
Amounts owed to group undertakings | 986,853 | 1,101,628
Other creditors | 9,988 | 8,576
Accruals and deferred income | 80,742 | 145,925
| 1,077,583 | 1,256,129

8 | Restrictions on cash

£nil (2023: £39,136) of the LLP's cash at bank is not available for use by the LLP. This relates to cash held in a research payment account to be used for the payment of research services consumed on behalf of clients of the LLP.

9 | Analysis of other amounts

| 31 March 2025 £ | 31 December 2023 £
Money owed to/(from) members in respect of profits | (2,791) | 713,986

10 | Cash flow statement

| 31 March 2025 £ | 31 December 2023 £
Operating profit | 336,875 | 3,659,640
Decrease in debtors | 538,070 | 1,209,447
Decrease in creditors | (63,771) | (188,693)
Increase/(decrease) in amounts owed to group undertakings | (110,634) | (221,717)
Cash generated by operations | 700,540 | 4,458,677
Net cash inflow from operating activities | 700,540 | 4,458,677

Chikara Investments LLP

Notes to the Financial Statements for the Period from 1 January 2024 to 31 March 2025

11 | Analysis of changes in net debt

| At 1 January 2024 £ | Cash flows £ | Members' remuneration £ | At 31 March 2025 £
Cash at bank | 2,738,727 | (127,898) | - | 2,610,829
Loans and other debts due to members |  |  |  |
Other amounts due to members | 713,986 | (869,819) | 155,833 | -
Net debt | 3,452,713 | (997,717) | 155,833 | 2,610,829

12 | Related party transactions

Summary of transactions with other related parties

During the period, the LLP was charged administrative expenses of £3,476,143 (2023: £3,038,092) by Chikara Investment Services Limited, the corporate member and an entity under common control. An amount of £925,758 (2023: £999,634) was due to this company at the period end.
During the period the LLP was charged an advisory fee of £nil (2023: £114,678) by Coupland Cardiff Management (Singapore) Pte Ltd, a company under common control. This amount was assigned to Coupland Cardiff Management (Cayman) Limited with effect from 31 December 2023. Additionally, during the year to 31 December 2023 expenses were paid by the LLP on behalf of Coupland Cardiff Management (Cayman) Limited. At the period end the net amount payable to Coupland Cardiff Management (Cayman) Limited was £nil (2023: £101,994).
During the period expenses were paid by the LLP on behalf of Chikara Investments UK Limited. An amount of £61,095 (2023: £nil) was due to this company at the period end.

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