Caseware UK (AP4) 2025.0.111 2025.0.111 2025-03-31 2025-03-31 The LLP has reviewed its cash flow forecasts and considered the impact on going concern, concluding that the going concern basis remains an appropriate basis of preparation for these financial statements. The members have indicated their willingness to provide ongoing working capital support to the LLP for the foreseeable future. A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.true 2 2024-04-01 false The principal activity of the LLP is the provision of investment management services. The LLP is regulated by the Financial Conduct Authority.2 false false OC352409 2024-04-01 2025-03-31 OC352409 2023-04-01 2024-03-31 OC352409 2025-03-31 OC352409 2024-03-31 OC352409 c:OfficeEquipment 2024-04-01 2025-03-31 OC352409 c:OfficeEquipment 2025-03-31 OC352409 c:OfficeEquipment 2024-03-31 OC352409 c:OfficeEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 OC352409 c:CurrentFinancialInstruments 2025-03-31 OC352409 c:CurrentFinancialInstruments 2024-03-31 OC352409 c:CurrentFinancialInstruments 2 2025-03-31 OC352409 c:CurrentFinancialInstruments 2 2024-03-31 OC352409 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC352409 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC352409 e:FRS102 2024-04-01 2025-03-31 OC352409 e:Audited 2024-04-01 2025-03-31 OC352409 e:FullAccounts 2024-04-01 2025-03-31 OC352409 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC352409 e:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC352409 e:PartnerLLP1 2024-04-01 2025-03-31 OC352409 c:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC352409 c:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC352409 c:FurtherSpecificReserve2ComponentTotalEquity 2025-03-31 OC352409 c:FurtherSpecificReserve2ComponentTotalEquity 2024-03-31 OC352409 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC352409 RYSE ASSET MANAGEMENT LLP AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
RYSE ASSET MANAGEMENT LLP REGISTERED NUMBER: OC352409 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets |  |  | 123 |  | 368
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 200,847 |  | 67,680 |
Cash at bank and in hand | 8 | 41,266 |  | 83,151 |
|  | 242,113 |  | 150,831 |
Creditors: Amounts Falling Due Within One Year | 9 | (12,047) |  | (10,984) |
Net assets |  |  | 230,189 |  | 140,215
Represented by: |  |  |  |  |
Loans and other debts due to members within one year |  |  |  |  |
Other amounts | 10 |  | 487,731 |  | 450,254
Members' other interests |  |  |  |  |
LLP member capital - balances b/fwd |  | 50,000 |  | 50,000 |
Other Reserves |  | (307,542) |  | (360,039) |
|  |  | (257,542) |  | (310,039)
|  |  | 230,189 |  | 140,215
Total members' interests |  |  |  |  |
Due from LLP members - amounts withdrawn |  |  | (89,850) |  | (66,600)
Loans and other debts due to members | 10 |  | 487,731 |  | 450,254
Members' other interests |  |  | (257,543) |  | (310,040)
|  |  | 140,338 |  | 73,614
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RYSE ASSET MANAGEMENT LLP REGISTERED NUMBER: OC352409 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
Mr S Chowdhary
Designated member
Date: 20 July 2026
The notes on pages 4 to 10 form part of these financial statements. Page 2
RYSE ASSET MANAGEMENT LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2025
| EQUITY Members' other interests | DEBT Loans and other debts due to members less any amounts due from members in debtors | Total members' interests
| Members' capital (classified as equity) | Other reserves | Total | Other amounts | Total | Total
| £ | £ | £ | £ | £ | £
Amounts due to members |  |  |  | 425,254 | 425,254 |
Amounts due from members |  |  |  | (47,250) | (47,250) |
Balance at 1 April 2023 | 50,000 | (364,990) | (314,990) | 378,004 | 378,004 | 63,014
Profit for the year available for discretionary division among members | - | 4,951 | 4,951 | - | - | 4,951
Members' interests after profit for the year | 50,000 | (360,039) | (310,039) | 378,004 | 378,004 | 67,965
Amounts introduced by members | - | - | - | 25,000 | 25,000 | 25,000
Drawings on account and distribution of profit | - | - | - | (19,350) | (19,350) | (19,350)
Repayment of debt | - | - | - | - | - | -
Other movements | - | - | - | - | - | -
Amounts due to members |  |  |  | 450,254 | 450,254 |
Amounts due from members |  |  |  | (66,600) | (66,600) |
Balance at 31 March 2024 | 50,000 | (360,040) | (310,040) | 383,654 | 383,654 | 73,614
Profit for the year available for discretionary division among members | - | 52,497 | 52,497 | - | - | 52,497
Members' interests after profit for the year | 50,000 | (307,543) | (257,543) | 383,654 | 383,654 | 126,111
Amounts introduced by members | - | - | - | 168,477 | 168,477 | 168,477
Drawings on account and distribution of profit | - | - | - | (154,250) | (154,250) | (154,250)
Amounts due to members |  |  |  | 487,731 | 487,731 |
Amounts due from members |  |  |  | (89,850) | (89,850) |
Balance at 31 March 2025 | 50,000 | (307,543) | (257,543) | 397,881 | 397,881 | 140,338
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
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RYSE ASSET MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
RYSE Asset Management LLP is a limited liability partnership incorporated in England and Wales, registered number OC352409. The registered office and principal place of business is 1 Knightsbridge Green, London, SW1X 7NE. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the LLP's accounting policies (see note 3). The accounts are presented in Sterling, which is the functional and presentational currency of the LLP, and have been rounded to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Going concern
The LLP has reviewed its cash flow forecasts and considered the impact on going concern, concluding that the going concern basis remains an appropriate basis of preparation for these financial statements. The members have indicated their willingness to provide ongoing working capital support to the LLP for the foreseeable future.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP 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: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the LLP will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 4
RYSE ASSET MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Division and distribution of profits
A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period. An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making. The LLP divides profits discretionarily. Discretionary divisions of profits are recognised as amounts due to members, although may be used to offset amounts which have been drawn by members, which are recognised as loan assets repayable.
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 25% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
RYSE ASSET MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Financial instruments
The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Financial instruments are recognised in the LLP's statement of financial position when the LLP becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is Page 6
RYSE ASSET MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the LLP transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the LLP will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the LLP's contractual obligations expire or are discharged or cancelled.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates. The members do not consider there to be critical estimates and judgements applicable to the financial statements given that goodwill is fully written off. Amortisation is no longer a critical estimate or judgement.
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
5. | Information in relation to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| The average number of members during the year was | 2 | 2
| Accounting losses are not allocated to the members, and remain in other reserves.
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RYSE ASSET MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 April 2024 | 6,826
| At 31 March 2025 | 6,826
| Depreciation |
| At 1 April 2024 | 6,458
| Charge for the year on owned assets | 245
| At 31 March 2025 | 6,703
| Net book value |
| At 31 March 2025 | 123
| At 31 March 2024 | 368
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 81,000 | -
| Other debtors | 29,997 | 938
| Prepayments and accrued income | - | 142
| Amounts due from members | 89,850 | 66,600
|  | 200,847 | 67,680
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 41,266 | 83,151
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RYSE ASSET MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 6,564 | -
| Accruals and deferred income | 5,483 | 10,984
|  | 12,047 | 10,984
10. | Loans and other debts due to members
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other amounts due to members | 487,731 | 450,254
Loans and other debts due to members may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Falling due within one year | 487,731 | 450,254
Loans and other debts due to members rank equally with debts due to ordinary creditors in the event of a winding up.
| 11. | Analysis of net debt
|  |  | At 1 April 2024 | Arising from cash flows | At 31 March 2025
|  |  | £ | £ | £
| Cash at bank and in hand | 83,151 | (41,885) | 41,266
| Net debt (before members' debt) | 83,151 | (41,885) | 41,266
| Loans and other debts due to members |  |  |
| Other amounts due to members | (450,254) | (37,477) | (487,731)
| Net debt | (367,103) | (79,362) | (446,465)
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RYSE ASSET MANAGEMENT LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
12. | Related party transactions
| The members do not consider anybody other than the members themselves to be key management personnel. During the year ended 31 March 2025, the LLP entered into transactions with a related party under common control. Management fees of £108,000 (2024 :£27,000) were charged between two LLPs under common control of the same managing partner. The transactions were conducted in accordance with a formal management services agreement. The fees were charged on terms agreed between the parties. At the reporting date, £81,000 was outstanding (2024: £Nil).
13. | Controlling party
Mr S Chowdhary is the controlling party.
14. | Auditors' information
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified. The audit report was signed on 21 July 2026 by Mark Nelligan FCA (senior statutory auditor) on behalf of Wellden Turnbull Limited.
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