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REGISTERED NUMBER: OC378028 (England and Wales)

















Report of the Members and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Newbridge Advisors LLP

Newbridge Advisors LLP (Registered number: OC378028)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Newbridge Advisors LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr R J Dodson
New House Finance Limited





REGISTERED OFFICE: Mermaid House
2 Puddle Dock
London
EC4V 3DB





REGISTERED NUMBER: OC378028 (England and Wales)





ACCOUNTANTS: Sterling Partners Ltd
Chartered Accountants
Chartered Tax Advisors
Units 15 and 16
7 Wenlock Road
London
N1 7SL

Newbridge Advisors LLP (Registered number: OC378028)

Report of the Members
for the Year Ended 31 March 2024

The members present their report with the financial statements of the LLP for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of the provision of corporate and structured finance advice and development advisory services.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr R J Dodson
New House Finance Limited

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £3,257,554 (2023 - £1,874,226 profit).

MEMBERS' INTERESTS
Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated needs of the LLP.

New members may be required to subscribe for a minimum level of capital and in subsequent years members may be invited to subscribe for further capital, the amounts of which is determined by the performance and seniority of those members. On retirement, capital is repaid to members.

ON BEHALF OF THE MEMBERS:





Mr R J Dodson - Designated member


13 August 2024

Newbridge Advisors LLP (Registered number: OC378028)

Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 4,341,593 2,678,130

Cost of sales (803,435 ) (535,274 )
GROSS PROFIT 3,538,158 2,142,856

Administrative expenses (284,328 ) (269,033 )
3,253,830 1,873,823

Other operating income - 403
OPERATING PROFIT 4 3,253,830 1,874,226


Interest payable and similar expenses 3,724 -
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




3,257,554




1,874,226

Newbridge Advisors LLP (Registered number: OC378028)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 5,841 2,249

CURRENT ASSETS
Debtors 6 313,741 582,108
Cash at bank 809,441 631,316
1,123,182 1,213,424
CREDITORS
Amounts falling due within one year 7 (337,522 ) (243,849 )
NET CURRENT ASSETS 785,660 969,575
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

791,501

971,824

LOANS AND OTHER DEBTS DUE TO
MEMBERS

791,501

971,824

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 791,501 971,824

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 2024.

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 13 August 2024 and were signed by:





Mr R J Dodson - Designated member

Newbridge Advisors LLP (Registered number: OC378028)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Newbridge Advisors 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 5 (2023 - 4 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 1,947 750

Newbridge Advisors LLP (Registered number: OC378028)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 April 2023 4,887 3,393 8,280
Additions 437 5,102 5,539
At 31 March 2024 5,324 8,495 13,819
DEPRECIATION
At 1 April 2023 4,887 1,144 6,031
Charge for year 109 1,838 1,947
At 31 March 2024 4,996 2,982 7,978
NET BOOK VALUE
At 31 March 2024 328 5,513 5,841
At 31 March 2023 - 2,249 2,249

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 299,057 570,856
Amounts owed by participating interests 496 19
Other debtors -Rent Deposit 13,603 11,233
Prepayments and accrued income 585 -
313,741 582,108

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,034 64,198
Amounts owed to participating interests 2,195 6,067
Social security and other taxes 13,007 10,288
Staff pensions - 1,560
VAT 306,778 145,725
Other Creditors - staff wages (1,677 ) -
Accrued expenses 5,185 16,011
337,522 243,849