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REGISTERED NUMBER: OC304207 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

NSO Associates LLP

| NSO Associates LLP (Registered number: OC304207) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| General Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| NSO Associates LLP |

General Information

for the Year Ended 31 March 2025

| DESIGNATED MEMBERS: | I G Neale

| L G Sillett

| Ms E Oddie

| S E Bridge

| N J Beattie

| REGISTERED OFFICE: | 7 Bellway Court

| Grosvenor Road

| Westcliff on Sea

| Essex

| SS0 8EP

| REGISTERED NUMBER: | OC304207 (England and Wales)

| NSO Associates LLP (Registered number: OC304207) |

Balance Sheet

31 March 2025

31.3.24 |  | 31.3.25 |

£ | £ |  | Notes | £ | £ |

| FIXED ASSETS

56,133 |  |  | Tangible assets | 4 | - |  |

| CURRENT ASSETS

145,208 |  |  | Work in progress | 95,470 |  |

325,603 |  |  | Debtors | 5 | 26,251 |  |

6,879 |  |  | Prepayments and accrued income | - |  |

596,868 |  |  | Cash at bank and in hand | 340,484 |  |

1,074,558 |  | 462,205 |  |

| CREDITORS

228,715 |  |  | Amounts falling due within one year | 6 | 37,832 |  |

845,843 |  |  | NET CURRENT ASSETS | 424,373 |  |

901,976 |  |  | TOTAL ASSETS LESS CURRENT LIABILITIES | 424,373 |  |

| CREDITORS

- |  |  | Amounts falling due after more than one year | 7 | 66,252 |  |

901,976 |  |  | NET ASSETS ATTRIBUTABLE TO MEMBERS | 358,121 |  |

| NSO Associates LLP (Registered number: OC304207) |

Balance Sheet - continued

31 March 2025

31.3.24 |  | 31.3.25 |

£ | £ |  | Notes | £ | £ |

891,976 |  |  | LOANS AND OTHER DEBTS DUE TO MEMBERS | 8 | 348,121 |  |

| MEMBERS' OTHER INTERESTS

10,000 |  |  | Capital accounts | 10,000 |  |

901,976 |  | 358,121 |  |

| TOTAL MEMBERS' INTERESTS

891,976 |  |  | Loans and other debts due to members | 8 | 348,121 |  |

10,000 |  |  | Members' other interests | 10,000 |  |

901,976 |  | 358,121 |  |

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 2025.

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 Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 10 October 2025 and were signed by:

I G Neale - Designated member

Ms E Oddie - Designated member

| NSO Associates LLP (Registered number: OC304207) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| NSO Associates 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 recognised to the extent that the LLP obtains the rights to consideration.

| Turnover is measured at the fair value of consideration received, excluding discounts, rebates and Value Added Tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery etc | - | 33% on cost, 25% on reducing balance and 20% on cost

| Work in progress

| Work in progress represents unbilled amounts at the year end valued at full charging rates less any amounts deemed unrecoverable.

| 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 NIL (2024 - 19 ).

| NSO Associates LLP (Registered number: OC304207) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 240,746 |  |

| Disposals | (240,746 | ) |

| At 31 March 2025 | - |  |

| DEPRECIATION

| At 1 April 2024 | 184,614 |  |

| Charge for year | 3,804 |  |

| Eliminated on disposal | (188,418 | ) |

| At 31 March 2025 | - |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | 56,132 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 26,251 |  | 325,603 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 9,360 |  | 14,303 |  |

| Taxation and social security | 4,719 |  | 190,496 |  |

| Other creditors | 23,753 |  | 23,916 |  |

37,832 |  | 228,715 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other creditors | 66,252 |  | - |  |

8. | LOANS AND OTHER DEBTS DUE TO MEMBERS |

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts owed to members in respect of profits | 348,121 |  | 891,976 |  |

| Falling due within one year | 348,121 |  | 891,976 |  |

| Loans and other debts due to members rank after other creditors in the event of the winding up of the LLP.