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REGISTERED NUMBER: OC391228 (England and Wales)















Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

STONEBRIDGE WEALTH LLP

STONEBRIDGE WEALTH LLP (REGISTERED NUMBER: OC391228)

Contents of the Financial Statements
for the year ended 31 March 2022










Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


STONEBRIDGE WEALTH LLP

General Information
for the year ended 31 March 2022







Designated members: Miss L M Dench
Mrs H Cooper





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: OC391228 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

STONEBRIDGE WEALTH LLP (REGISTERED NUMBER: OC391228)

Report of the Members
for the year ended 31 March 2022


The members present their report with the financial statements of the LLP for the year ended 31 March 2022.

Principal activity
The principal activity of the LLP in the year under review was that of wealth management and financial advisory services.

Designated members
The designated members during the year under review were:

Miss L M Dench
Mrs H Cooper

Results for the year and allocation to members
The profit for the year before members' remuneration and profit shares was £467,238 (2021 - £397,019 profit).

Members' interests
Details of changes in members' capital for the period are set out in the financial statements.

Members are remunerated from the profits of the LLP and are required to make their own provision for pension and other benefits. Profits are allocated and divided between Members after finalisation of the financial statements. Members draw a proportion of their profit shares monthly during the year in which it is made, with the balance of profits being distributed after the year, subject to the cash requirements of the business.

On behalf of the members:





Miss L M Dench - Designated member


11 August 2022

STONEBRIDGE WEALTH LLP (REGISTERED NUMBER: OC391228)

Income Statement
for the year ended 31 March 2022

2022 2021
£ £

Turnover 889,188 924,856

Cost of sales (215,756 ) (272,276 )
Gross profit 673,432 652,580

Administrative expenses (215,484 ) (305,426 )
457,948 347,154

Other operating income 10,070 51,593
Operating profit 468,018 398,747


Interest payable and similar expenses (780 ) (1,728 )
Profit for the financial year before
members' remuneration and profit shares
available for discretionary division among
members



467,238



397,019

STONEBRIDGE WEALTH LLP (REGISTERED NUMBER: OC391228)

Balance Sheet
31 March 2022

2022 2021
Notes £ £
Current assets
Debtors 4 27,630 45,699
Cash at bank 245,718 209,302
273,348 255,001
Creditors
Amounts falling due within one year 5 19,377 44,613
Net current assets 253,971 210,388
Total assets less current liabilities 253,971 210,388

Creditors
Amounts falling due after more than one
year

6

-

4,586
Net assets attributable to members 253,971 205,802

Loans and other debts due to members 7 253,971 205,802

Total members' interests
Loans and other debts due to members 7 253,971 205,802

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 2022.

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 11 August 2022 and were signed by:





Miss L M Dench - Designated member

STONEBRIDGE WEALTH LLP (REGISTERED NUMBER: OC391228)

Notes to the Financial Statements
for the year ended 31 March 2022


1. Statutory information

Stonebridge Wealth 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. Employee information

The average number of employees during the year was 4 (2021 - 4 ) .

4. Debtors: amounts falling due within one year
2022 2021
£ £
Other debtors 27,630 45,699

5. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 7,650 15,016
Taxation and social security 2,361 3,225
Other creditors 9,366 26,372
19,377 44,613

6. Creditors: amounts falling due after more than one year
2022 2021
£ £
Other creditors - 4,586

7. Loans and other debts due to members

Loans and other debts due to member's would rank in line with unsecured creditors.