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Company Registration No. 10848518 (England and Wales)
STRIDEUP HOMES LIMITED
Financial Statements
for the Period from 01 January 2024 to 31 December 2024

STRIDEUP HOMES LIMITED

Financial Statements for the period ending 31 December 2024

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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STRIDEUP HOMES LIMITED

Financial Statements for the period ending 31 December 2024

Company Information

Company Details
Company Number 10848518
Registered Office THIRD FLOOR
20 OLD BAILEY
LONDON
EC4M 7AN
Directors
Directors who held office during the period were:
Sakeeb ZAMAN   
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STRIDEUP HOMES LIMITED

Financial Statements for the period ending 31 December 2024

Statement of Financial Position

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Notes 2024 2023
£ £
Fixed Assets
Tangible assets 5 15,926 -
Investments 6 160,383,764 50,519,640
Current Assets
Debtors due 7 493,952 377,020
Cash at bank and in hand 2,590,406 550,144
3,084,358 927,164
Creditors
Amount falling due within one year 8 (1,273,771) (396,371)
Net Current Assets 1,810,587 530,793
Total Assets less current liabilities 162,210,277 51,050,433
Creditors due after more than one year 9 (162,238,149) (50,919,723)
Net Assets (27,872) 130,710
Capital and Reserves
Called up Share Capital 338 2,259,179
Share Premium Account 3,378,841 -
Retained earnings at end of year (3,407,051) (2,128,469)
Shareholder funds (27,872) 130,710
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 31 December 2025
Alexander Pang
Company Registration No. 10848518
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STRIDEUP HOMES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

1. Statutory Information
STRIDEUP HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10848518.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. Financial instruments are recognised and measured in accordance with FRS 102, incorporating, where applicable, recognition and measurement principles consistent with IAS 39.
Presentation Currency
The accounts are presented in £ sterling.
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STRIDEUP HOMES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 21
2023 16
4. Principal Activity
Activities of mortgage finance companies
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STRIDEUP HOMES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

5. Fixed Assets
Fixtures and Fittings Total
Cost or valuation £ £
At 01/01/2024 - -
Additions 31,661 31,661
At 31/12/2024 31,661 31,661
Depreciation
At 01/01/2024 - -
Charge for the year 15,735 15,735
At 31/12/2024 15,735 15,735
Net Book Value
At 31/12/2024 15,926 15,926
At 31/12/2023 - -
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STRIDEUP HOMES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

6. Investments
Investments in Subsidiaries Other Investments - Listed Other Investments -Unlisted Total
£ £ £ £
Valuation at 01/01/2024 - - 50,519,640 50,519,640
Additions - - 101,614,124 101,614,124
Disposals - - - -
Adjustments - - 8,250,000 8,250,000
Valuation at 31/12/2024 - - 160,383,764 160,383,764
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STRIDEUP HOMES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

7. Debtors
2024 2023
£ £
Trade debtors - 39,919
Other debtors 447,517 320,259
Prepayment and accrued income 46,435 16,842
493,952 377,020
8. Creditors: amount falling due within one year
2024 2023
£ £
Trade Creditors 317,420 85,613
Other tax and social security 61,405 75,985
Other Creditors 828,200 121,952
Accruals and deferred income 66,746 112,821
1,273,771 396,371
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STRIDEUP HOMES LIMITED

Financial Statements for the period ending 31 December 2024

Notes to the Accounts

9. Creditors: amount falling due after one year
2024 2023
£ £
Other creditors falling due after more than one year 162,238,149 50,919,723
162,238,149 50,919,723
Creditors Due after one year
StrideUp entered into a loan warehousing arrangement pursuant to which customer finance assets originated by the Company are transferred to a special purpose entity ("SPE") funded by third-party investors.StrideUp has concluded that the transfer of these financial assets does not meet the derecognition criteria as the Company retains significant exposure to the risks and rewards associated with the assets.The customer finance assets continue to be recognised on the Company's balance sheet. A corresponding deemed loan funding liability is recognised in respect of the consideration received from the SPE, which is presented within Creditors Due after one year.
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