Registered number
OC430016
SILK ROAD NETWORK LLP
Filleted Accounts
31 December 2025

SILK ROAD NETWORK LLP
Registered number: | OC430016
Balance Sheet
as at 31 December 2025
Notes |  | 2025 |  | 2024
£ | £
Current assets |  |  |  |  |
Investments held as current assets | 3 |  | 1,284,145 |  | 793,417
Creditors: amounts falling due within one year | 4 |  | (2,400) |  | (2,400)
Net current assets |  |  | 1,281,745 |  | 791,017
Total assets less current liabilities |  |  | 1,281,745 |  | 791,017
Net assets attributable to members | 1,281,745 |  | 791,017
Represented by:
Loans and other debts due to members | 5 |  | 1,281,745 |  | 791,017
|  |  | 1,281,745 |  | 791,017
Total members' interests
Loans and other debts due to members | 5 |  | 1,281,745 |  | 791,017
|  |  | 1,281,745 |  | 791,017
For the year ended 31 December 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 2 April 2026 and signed on their behalf by:
Ivo Siewert
Designated member

SILK ROAD NETWORK LLP
Notes to the Accounts
for the year ended 31 December 2025
1 | Accounting policies
| Statement of compliance
| The financial statements have been prepared in accordance with FRS 102 Section 1A and the requirements of the Statement of Recommended Practice ‘Accounting by Limited Liability Partnerships’, apart from the approach to investments described below.
| Basis of preparation
| 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 financial statements are presented in Sterling which is the functional currency of the LLP and rounded to the nearest £.
| Revenue recognition
| The net gain or loss realised on the trading of cryptocurrencies arises from restating cryptocurrencies at their fair value at the balance sheet date.
| Division of profits
| Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
| Taxation
| Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
| Financial instruments
| The LLP only has financial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are measured at transaction value and subsequently measured at their settlement value.
| Investments
| Current asset investments comprise cryptocurrencies which are held at fair value, with gains and losses on revaluation taken to the profit and loss account. This is not in accordance with FRS102, but the members believe this treatment results in a better presentation of the LLP’s results and position.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Members' capital
| Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 2 |  | 2
3 | Investments held as current assets | 2025 |  | 2024
£ | £
| Fair value
| Unlisted investments | 1,284,145 |  | 793,417
| The partnership holds investments in cryptocurrencies.
4 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Accruals | 2,400 |  | 2,400
5 | Loans and other debts due to members | 2025 |  | 2024
£ | £
| Loans from members | 625,776 |  | 623,375
| Amounts due to members in respect of profits | 655,969 |  | 167,642
|  |  |  |  |  | 1,281,745 |  | 791,017
| Amounts falling due within one year | 1,281,745 |  | 791,017
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
6 | Other information
| SILK ROAD NETWORK LLP is a limited liability partnership incorporated in England. Its registered office is:
| 27 Old Gloucester Street
| London
| WC1N 3AX

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