Lexham SPV 1 Founder GP LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SO307960

		31 March 2025
	Notes	£	£
FIXED ASSETS
Investments	4		1

			1
CURRENT ASSETS
Debtors	5	1,000

		1,000
Creditors: Amounts Falling Due Within One Year	6	(2,001 )

NET CURRENT ASSETS (LIABILITIES)			(1,001 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,000 )

NET LIABILITIES ATTRIBUTABLE TO MEMBERS			(1,000 )

REPRESENTED BY:
Equity
Members' other interests
Other reserves		(1,000)

			(1,000)

TOTAL MEMBERS' INTEREST
Members' other interests			(1,000)

			(1,000)

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Lexham SPV 1 Founder GP LLP

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Dominic Perks

Designated Member

03/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Lexham SPV 1 Founder GP LLP is a limited liability partnership, incorporated in Scotland, registered number SO307960 . The Registered Office is 50 Lothian Road, Festival Square, Edinburgh, Scotland, EH3 9WJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Investments

Investments are initially recognized at cost and subsequently measured at cost less impairment if any.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the period was: NIL

4. Investments

	Other
	£
Cost or Valuation
As at 7 March 2024	-
Additions	1

As at 31 March 2025	1

Provision
As at 7 March 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	1

As at 7 March 2024	-

This is an investment into Lexham SPV 1 Founder LP.

5. Debtors

	31 March 2025
	£
Due within one year
Loan due from Lexham SPV 1 Founder LP	1,000

In accordance with the Limited Partnership Agreement, the General Partner’s Share is an amount of up to £1,000 per Accounting Period, or such lower amount as may be notified to the Limited Partners.

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Lexham SPV 1 Founder GP LLP

Notes to the Financial Statements (continued)

For the Period 7 March 2024 to 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025
	£
Due to Lexham SPV 1 Founder LP	1
Income in advance	1,000
Accruals and deferred income	1,000

	2,001

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