REGISTERED NUMBER: OC433471 (England and Wales)

LAMBDA ADVISERS LLP

Report of the Members and

Unaudited 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

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

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

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

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

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

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