Silverfin false false 31/03/2026 01/04/2025 31/03/2026 R L Bolchover 12/03/2008 M Gordon 12/03/2008 29 July 2026 The principal object of the LLP for the entire duration of the Period (i.e. the financial year ended 31 March 2026) was to provide financial services and financial advice, and included particularly the generating, sourcing and structuring of interesting investment funds and solutions managed by experts in their field for the professional investor marketplace. However subsequent to the Period end, the Firm’s contracts relating to the provision of financial services and financial advice principally to investment vehicles were concluded due mainly to the planned solvent liquidation of those vehicles. The LLP has no current plans to win new business.
The LLP was authorised and regulated by the Financial Conduct Authority (''FCA'') for the entirety of the Period. Its regulatory status during the Period was that of an Article 3 MIFID Exempt Firm.
However, since the Firm ceased the provision of financial services and advice after the end of the Period and has no current plans to seek new contracts, the LLP made an application to cancel its FCA authorisation and regulation which has been approved by the FCA. OC335533 2026-03-31 OC335533 bus:Director1 2026-03-31 OC335533 bus:Director2 2026-03-31 OC335533 core:CurrentFinancialInstruments 2026-03-31 OC335533 core:CurrentFinancialInstruments 2025-03-31 OC335533 2025-03-31 OC335533 2025-04-01 2026-03-31 OC335533 bus:FilletedAccounts 2025-04-01 2026-03-31 OC335533 bus:SmallEntities 2025-04-01 2026-03-31 OC335533 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 OC335533 bus:LimitedLiabilityPartnershipLLP 2025-04-01 2026-03-31 OC335533 bus:Director1 2025-04-01 2026-03-31 OC335533 bus:Director2 2025-04-01 2026-03-31 OC335533 2024-04-01 2025-03-31 OC335533 1 2025-04-01 2026-03-31 iso4217:GBP xbrli:pure

Company No: OC335533 (England and Wales)

# NIMROD CAPITAL LLP

### Unaudited Financial Statements
For the financial year ended 31 March 2026
Pages for filing with the registrar

NIMROD CAPITAL LLP

## Unaudited Financial Statements

For the financial year ended 31 March 2026

Contents

NIMROD CAPITAL LLP

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2026
NIMROD CAPITAL LLP

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Current assets |  |  |  |
Debtors | 4 | 95,482 |  | 143,516
Cash at bank and in hand | 5 | 2,389,053 |  | 2,405,819
|  | 2,484,535 |  | 2,549,335
Creditors: amounts falling due within one year | 6 | ( 575,236) |  | ( 563,977)
Net current assets |  | 1,909,299 |  | 1,985,358
Total assets less current liabilities |  | 1,909,299 |  | 1,985,358
Net assets attributable to members |  | 1,909,299 |  | 1,985,358
Represented by |  |  |  |
Loans and other debts due to members within one year |  |  |  |
Other amounts |  | 1,559,299 |  | 1,635,358
|  | 1,559,299 |  | 1,635,358
Members' other interests |  |  |  |
Members' capital classified as equity |  | 350,000 |  | 350,000
|  | 350,000 |  | 350,000
|  | 1,909,299 |  | 1,985,358
Total members' interests |  |  |  |
Loans and other debts due to members |  | 1,559,299 |  | 1,635,358
Members' other interests |  | 350,000 |  | 350,000
|  | 1,909,299 |  | 1,985,358

For the financial year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

- The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Nimrod Capital LLP (registered number: OC335533) were approved and authorised for issue by the members. They were signed on its behalf by:

R L Bolchover Designated member |

29 July 2026

NIMROD CAPITAL LLP

## RECONCILIATION OF MEMBERS' INTERESTS

For the financial year ended 31 March 2026
NIMROD CAPITAL LLP

## RECONCILIATION OF MEMBERS' INTERESTS (continued)

For the financial year ended 31 March 2026

| 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 amounts | Total
| £ | £ | £
Amounts due to members |  | 1,393,288 |
Balance at 01 April 2024 | 350,000 | 1,393,288 | 1,743,288
Members' remuneration charged as an expense, including employment and retirement benefit costs | 0 | 1,368,297 | 1,368,297
Members' interest after result for the financial year | 350,000 | 2,761,585 | 3,111,585
Drawings | 0 | (1,126,227) | (1,126,227)
Amounts due to members |  | 1,635,358 |
Balance at 31 March 2025 | 350,000 | 1,635,358 | 1,985,358
Members' remuneration charged as an expense, including employment and retirement benefit costs | 0 | 429,269 | 429,269
Members' interest after result for the financial year | 350,000 | 2,064,627 | 2,414,627
Drawings | 0 | (505,328) | (505,328)
Amounts due to members |  | 1,559,299 |
Balance at 31 March 2026 | 350,000 | 1,559,299 | 1,909,299

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

NIMROD CAPITAL LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026
NIMROD CAPITAL LLP

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Nimrod Capital LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the LLP and rounded to the nearest £.

##### Going concern

The financial statements have been prepared on the going concern basis, which assumes that the LLP will continue to be able to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.
The members have a reasonable expectation that the LLP has adequate resources to meet Financial Conduct Authority capital adequacy and future working capital requirements and to continue in operational existence for the foreseeable future and they consider it appropriate to prepare the financial statements on a going concern basis. As a result, the members have prepared the financial statements on a going concern basis.

##### Foreign currency

Functional and presentation currency:
The LLP's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

##### Turnover

Turnover represents commissions received and management charges receivable for services provided in the normal course of business. Turnover is recognised in line with accrual accounting based on fees received for services provided during the financial period.

##### Interest income

Interest income is recognised in profit or loss using the effective interest method.

##### Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

##### 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.

##### Financial instruments

The LLP only enters into basic financial instruments transactions that result in the recognition of assets and liabilities like trade and other debtors and creditors and loans to related parties.

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances and amounts due from members, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference
between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

##### Defined contribution pension

The LLP operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the LLP pays fixed contributions into a separate entity. Once the contributions have been paid the LLP 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 Statement of financial position. The assets of the plan are held separately from the LLP in independently administered funds.

##### 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 automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in the Statement of comprehensive income.
In the event of the LLP making losses, the loss is recognised as a credit amount of 'Members' remuneration charged as an expense where it is automatically divided or as a debit within equity under 'Other reserves' if not divided automatically.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the LLP during the year | 2 |  | 2

#### 3. Members' remuneration

Profits are shared among the members in accordance with agreed profit sharing arrangements. Members are required to make their own provision for pensions from their profit shares.

| 2026 |  | 2025
| Number |  | Number
Average number of members during the financial year | 5 |  | 5

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Other debtors | 95,482 |  | 143,516

#### 5. Cash and cash equivalents

| 2026 |  | 2025
| £ |  | £
Cash at bank and in hand | 2,389,053 |  | 2,405,819

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 7,024 |  | 22,122
Other creditors | 568,212 |  | 541,855
| 575,236 |  | 563,977

#### 7. Financial commitments

Pensions

The LLP operates a defined contribution pension scheme for the members and employees. The assets of the scheme are held separately from those of the LLP in an independently administered fund.

#### 8. Related party transactions

In 2020, Smyth Investments Ltd, a member of the LLP, transferred £850,000 to the LLP to hold on trust. Of this original sum, £500,000 was held by the LLP at the year end and is repayable on demand. This is included within Other Creditors. Under this trust arrangement the LLP paid interest totalling £16,637 during the period under review (2025: £22,225).
In the current year donations of £2,000 (2025: £nil) were made to the Jewish Blind & Physically Handicapped Society, a charitable organisation of which one of the designated members acts as a trustee.

#### 9. Events after the Balance Sheet date

After the Period end, the LLP completed the services related to its contracts. There is no current plan to seek new contracts. Subsequent to the end of the Period, the LLP made an application to cancel its FCA authorisation and regulation which has been approved by the FCA.
The members do not consider that this matter has a material impact on the LLP’s financial position at the balance sheet date.