IRIS Accounts Production v26.1.10.61 OC433471 designated member designated member 1.4.25 31.3.26 31.3.26 0 0 false true false false true false 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh OC433471 2025-03-31 OC433471 2026-03-31 OC433471 2025-04-01 2026-03-31 OC433471 2024-03-31 OC433471 2024-04-01 2025-03-31 OC433471 2025-03-31 OC433471 ns15:EnglandWales 2025-04-01 2026-03-31 OC433471 ns14:PoundSterling 2025-04-01 2026-03-31 OC433471 ns10:PartnerLLP1 2025-04-01 2026-03-31 OC433471 ns10:PartnerLLP2 2025-04-01 2026-03-31 OC433471 ns10:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC433471 ns10:SmallEntities 2025-04-01 2026-03-31 OC433471 ns10:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 OC433471 ns10:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 OC433471 ns10:LimitedLiabilityPartnershipsSORP 2025-04-01 2026-03-31 OC433471 ns10:FullAccounts 2025-04-01 2026-03-31 OC433471 ns10:RegisteredOffice 2025-04-01 2026-03-31 OC433471 ns5:CurrentFinancialInstruments 2026-03-31 OC433471 ns5:CurrentFinancialInstruments 2025-03-31 OC433471 ns5:CostValuation 2025-03-31 OC433471 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 OC433471 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31

REGISTERED NUMBER: OC433471 (England and Wales)

LAMBDA ADVISERS LLP

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2026

| LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471) |

Contents of the Financial Statements

for the Year Ended 31 March 2026

Page |

| General Information | 1 |

| Report of the Members | 2 |

| Income Statement | 3 |

| Balance Sheet | 4 |

| Notes to the Financial Statements | 5 |

| LAMBDA ADVISERS LLP |

General Information

for the Year Ended 31 March 2026

| DESIGNATED MEMBERS: | P J Richardson

| Mrs C M Richardson

| REGISTERED OFFICE: | Huntsmans Cottage

| Kennel Lane

| Windlesham

| Surrey

| GU20 6AA

| REGISTERED NUMBER: | OC433471 (England and Wales)

| ACCOUNTANTS: | Cottrill Mason Ltd

| 13 Vansittart Estate

| Windsor

| Berkshire

| SL4 1SE

| LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471) |

Report of the Members

for the Year Ended 31 March 2026

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of a management consultant.

DESIGNATED MEMBERS

The designated members during the year under review were:

P J Richardson

Mrs C M Richardson

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £249 (2025 - £5,181 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

P J Richardson - Designated member

20 July 2026

| LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471) |

Income Statement

for the Year Ended 31 March 2026

| 31.3.26 |  | 31.3.25

£ | £ |

TURNOVER | - |  | 6,963 |  |

Administrative expenses | 249 |  | 1,782 |  |

OPERATING (LOSS)/PROFIT and |

(LOSS)/PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS | (249 | ) | 5,181 |  |

| LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471) |

Balance Sheet

31 March 2026

| 31.3.26 | 31.3.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 2 |  | 2 |  |

CURRENT ASSETS

Debtors | 5 | 150 |  | 19 |  |

Cash at bank | 977 |  | 2,006 |  |

1,127 |  | 2,025 |  |

CREDITORS

Amounts falling due within one year | 6 | 389 |  | 1,109 |  |

NET CURRENT ASSETS | 738 |  | 916 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS | 740 |  | 918 |  |

LOANS AND OTHER DEBTS DUE TO MEMBERS | 740 |  | 918 |  |

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members | 740 |  | 918 |  |

Amounts due from members | 5 | (71 | ) | - |  |

669 |  | 918 |  |

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 20 July 2026 and were signed by:

P J Richardson - Designated member

Mrs C M Richardson - Designated member

| LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471) |

Notes to the Financial Statements

for the Year Ended 31 March 2026

1. | STATUTORY INFORMATION

| Lambda Advisers LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Financial instruments

| Share Options are initially recognised at cost on the date a contract is entered into and are subsequently remeasured to their fair value at the end of each reporting period.

3. | EMPLOYEE INFORMATION

| The average number of employees during the year was NIL (2025 - NIL).

4. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 April 2025

| and 31 March 2026 | 2 |  |

| NET BOOK VALUE

| At 31 March 2026 | 2 |  |

| At 31 March 2025 | 2 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.26 |  | 31.3.25

£ | £ |

| Other debtors | 150 |  | 19 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.26 |  | 31.3.25

£ | £ |

| Trade creditors | 29 |  | 29 |  |

| Other creditors | 360 |  | 1,080 |  |

389 |  | 1,109 |  |

| LAMBDA ADVISERS LLP (REGISTERED NUMBER: OC433471) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2026

7. | FINANCIAL INSTRUMENTS

| During the period under review Lambda Advisers LLP held at the balance sheet date the following share options in consideration of contracts entered into previously.

| Company |  | Grant Date |  | No. ofOptions |  | VestingPeriod |  | Vesting Start Date |  |

| Atheer, Inc. |  | 21/01/2021 |  | 50,000 |  | 24 Months |  | 23/03/2020 |  |

| Atheer, Inc. |  | 01/02/2022 |  | 28,517 |  | 24 Months |  | 01/02/2022 |  |

| RecVue, Inc. |  | 03/03/2021 |  | 59,000 |  | 12 Months |  | 01/01/2021 |  |