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VOYAGER PARTNERS MANAGEMENT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Voyager Partners Management UK Limited (the "Company") is a private company limited by shares and is incorporated,domiciled and registered in England and Wales (Registered number:15740759). The address of its registered office is 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX.
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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The following principal accounting policies have been applied:
The Company's ability to meet its future liabilities is therefore dependent on the financial performance, position and liquidity of the Group as a whole. At a Voyager Partners Management LLC level, considerations included potential risks and uncertainties in the business, credit, market and liquidity risks. Stress testing has been carried out to ensure Voyager Partners Management LLC has sufficient cash resources to continue in operation for the period to 30 June 2027. This stress testing modelled a scenario with materially reduced levels of cash receipts over the next 12 months. Based on these considerations, together with available market information and the director's knowledge and experience of the Company, the director continues to adopt the going concern basis in preparing the financial statements for the year ended 31 December 2025.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Revenue is recognised on a cost plus 7% basis (2024: 5%), in line with the intercompany service agreement with the parent company. Intercompany revenue is recognised when all of the following conditions are satisfied :
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the intercompany service
agreement; and
- the costs incurred under the intercompany service agreement can be measured reliably.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
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