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REGISTERED NUMBER: 12302565 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2022 to 31 December 2023

for

DRAWBRIDGE PARTNERS LIMITED

DRAWBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 12302565)






Contents of the Financial Statements
for the Period 1 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DRAWBRIDGE PARTNERS LIMITED

Company Information
for the Period 1 December 2022 to 31 December 2023







DIRECTORS: Mr J G Elmer
Mr W C Haney
Mr J Hoffman





REGISTERED OFFICE: 159 High Street
Barnet
Hertfordshire
EN5 5SU





REGISTERED NUMBER: 12302565 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

DRAWBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 12302565)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 479 1,045

CURRENT ASSETS
Debtors 5 181,124 281,345
Cash at bank 450,367 71,854
631,491 353,199
CREDITORS
Amounts falling due within one year 6 (361,391 ) (282,655 )
NET CURRENT ASSETS 270,100 70,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,579

71,589

CREDITORS
Amounts falling due after more than one
year

7

(402,914

)

(270,824

)
NET LIABILITIES (132,335 ) (199,235 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (132,435 ) (199,335 )
(132,335 ) (199,235 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mr J Hoffman - Director


DRAWBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 12302565)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Drawbridge Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 5 ) .

DRAWBRIDGE PARTNERS LIMITED (REGISTERED NUMBER: 12302565)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 31 December 2023 3,951
DEPRECIATION
At 1 December 2022 2,906
Charge for period 566
At 31 December 2023 3,472
NET BOOK VALUE
At 31 December 2023 479
At 30 November 2022 1,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 171,888 197,220
Other debtors 9,236 84,125
181,124 281,345

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 18,838
Taxation and social security 32,681 48,474
Other creditors 328,710 215,343
361,391 282,655

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 402,914 270,824

8. RELATED PARTY DISCLOSURES

At the Balance sheet date £402,914 (2022 - £270,824) was due to the Parent Company in the form of a long-term loan. This is shown in Creditors due in more than 1 year

9. ULTIMATE CONTROLLING PARTY

The controlling party is Drawbridge Partners LLC.

Drawbridge Partners LLC is controlled by Company Director Mr J Elmer.