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REGISTERED NUMBER: OC433492 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

NEWAGE - NORTHSTAR I LLP

NEWAGE - NORTHSTAR I LLP (REGISTERED NUMBER: OC433492)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2022




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEWAGE - NORTHSTAR I LLP

GENERAL INFORMATION
For The Year Ended 31 DECEMBER 2022







DESIGNATED MEMBERS: Dalio Property Development Company Limited
Northstar Series One LLP
Dalio - Newage S.A.
Northstar VC Series 9, A Series Of Northstar Venture Capital LLC





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: OC433492 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

NEWAGE - NORTHSTAR I LLP (REGISTERED NUMBER: OC433492)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes $    $    $    $   
FIXED ASSETS
Investments 4 7,543,927 7,543,927

CURRENT ASSETS
Cash at bank 1 1

CREDITORS
Amounts falling due within one year 5 10,532 5,754
NET CURRENT LIABILITIES (10,531 ) (5,753 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

7,533,396

7,538,174

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts (4,586,693 ) (4,586,693 )
Other reserves 5,981,905 5,986,683
Fair value reserve 6,138,184 6,138,184
7,533,396 7,538,174

TOTAL MEMBERS' INTERESTS
Members' other interests 7,533,396 7,538,174

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 December 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 and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Statement of Profit and Loss and Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 November 2023 and were signed by:




Dalio Property Development Company Limited - Designated member

NEWAGE - NORTHSTAR I LLP (REGISTERED NUMBER: OC433492)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2022

1. STATUTORY INFORMATION

Newage - Northstar I LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the US Dollar ($).


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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company 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.

3. EMPLOYEE INFORMATION

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
$   
COST OR VALUATION
At 1 January 2022
and 31 December 2022 7,543,927
NET BOOK VALUE
At 31 December 2022 7,543,927
At 31 December 2021 7,543,927

NEWAGE - NORTHSTAR I LLP (REGISTERED NUMBER: OC433492)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2022

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2022 is represented by:

Shares in
group
undertakings
$   
Valuation in 2021 6,138,184
Cost 1,405,743
7,543,927

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
$    $   
Other creditors 10,532 5,754