Newmark BH2 LLP LLP accounts

REGISTERED NUMBER: OC441503

Newmark BH2 LLP

Financial Statements

31 March 2025

Newmark BH2 LLP

Financial Statements

Year ended 31 March 2025

Contents	Page

Members' report	1

Independent auditor's report to the members	3

Statement of comprehensive income	7

Statement of financial position	8

Reconciliation of members' interests	9

Notes to the financial statements	11

Newmark BH2 LLP

Members' Report

Year ended 31 March 2025

The members present their report and the financial statements of the LLP for the year ended 31 March 2025 .

Principal activities

The principal activity of the company during the year was providing consultancyservices specialised in capital markets, leasing and occupier advice, development consultancy and strategic asset.management. The members present their report and financial statements of the LLP for the period ended 31 March 2025.

Designated members

The designated members who served the LLP during the year were as follows:

Newmark Partners L.P.
Newmark Holdings Ltd

The members who served the LLP during the period were as follows:

Newmark Partners LP

Newmark Holdings Limited

Samuel James Boreham

Anthony David Gibbon

Daniel Owen Roberts

Rupert George Williams

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

The policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members are set out in the Business Purchase Agreement section 10.

Members' responsibilities statement

The members are responsible for preparing the members' report and the financial statements in accordance with applicable law and regulations. Company law as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law as applied to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business. The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to limited liability partnerships by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Auditor

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

This report was approved by the members on 23 December 2025 and signed on behalf of the members by:

Newmark Holdings Ltd

Designated Member

Registered office:

C/O Corporation Service Company

5 Churchill Place,

10th Floor

London

England

E14 5HU

Newmark BH2 LLP

Independent Auditor's Report to the Members of Newmark BH2 LLP

Year ended 31 March 2025

Opinion

We have audited the financial statements of Newmark BH2 LLP (the 'LLP') for the year ended 31 March 2025 which comprise the statement of comprehensive income, statement of financial position, reconciliation of members' interests and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the LLP's affairs as at 31 March 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the LLP in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the members with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The members are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 as applied to limited liability partnerships requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit.

Responsibilities of members

As explained more fully in the members' responsibilities statement, the members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the members are responsible for assessing the LLP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members either intend to liquidate the LLP or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: a/ Inspecting correspondence with regulators and tax authorities; b/ Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud; c/ Evaluating management's controls designed to prevent and detect irregularities; d/ Identifying and testing journals; and e/ Challenging assumptions and judgements made by management in their accounting estimates Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forger, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the members. - Conclude on the appropriateness of the members' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the LLP's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the LLP to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the LLP's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006 as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. Our audit work has been undertaken so that we might state to the LLP's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and the LLP's members as a body, for our audit work, for this report, or for the opinions we have formed.

Baker Friend Audit Limited

Chartered accountants & statutory auditor

2nd Floor

32-33 Gosfield Street

Fitzrovia

London

W1W 6HL

23 December 2025

Newmark BH2 LLP

Statement of Comprehensive Income

Year ended 31 March 2025

		2025	2024
Note		£	£
Turnover	4	12,150,193	12,564,777

Cost of sales	540,313	458,478
	-------------	-------------
Gross profit	11,609,880	12,106,299

Administrative expenses		3,251,803	3,114,191
		-------------	-------------
Operating profit	7	8,358,077	8,992,108

	-------------	-------------
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members	8,358,077	8,992,108
	-------------	-------------

All the activities of the LLP are from continuing operations.

Newmark BH2 LLP

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	9	38,852,893	37,476,575
Tangible assets	10	52,556	81,409
		-------------	-------------
		38,905,449	37,557,984

Current assets

Debtors	11	4,334,836	6,962,937
Cash at bank and in hand		2,171,529	1,581,961
		------------	------------
		6,506,365	8,544,898

Creditors: amounts falling due within one year	12	3,093,729		3,150,766
		------------		------------
Net current assets			3,412,636	5,394,132
			-------------	-------------
Total assets less current liabilities			42,318,085	42,952,116
			-------------	-------------
Net assets			42,318,085	42,952,116
			-------------	-------------

Represented by:

Loans and other debts due to members

Other amounts	14		7,318,085	7,952,116

Members' other interests

Members' capital classified as equity	35,000,000	35,000,000
Other reserves, including the fair value reserve	–	–
	-------------	-------------
	42,318,085	42,952,116
	-------------	-------------

Total members' interests

Loans and other debts due to members	14	7,318,085	7,952,116
Members' other interests		35,000,000	35,000,000
		-------------	-------------
		42,318,085	42,952,116
		-------------	-------------

These financial statements were approved by the members and authorised for issue on 23 December 2025 , and are signed on their behalf by:

Newmark Holdings Ltd

Designated Member

Registered number: OC441503

Newmark BH2 LLP

Reconciliation of Members' Interests

Year ended 31 March 2025

	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves, including the fair value reserve	Total	Other amounts	Total	Total 2025
	£	£	£	£	£	£
Balance at 1 April 2024	35,000,000	–	35,000,000	7,952,116	7,952,116	42,952,116
Profit for the financial year available for discretionary division among members		8,358,077	8,358,077			8,358,077
	-------------	------------	-------------	------------	------------	-------------
Members' interests after profit for the year	35,000,000	8,358,077	43,358,077	7,952,116	7,952,116	51,310,193
Other division of profits		(8,358,077)	(8,358,077)	8,358,077	8,358,077	–
Drawings				(8,992,108)	(8,992,108)	(8,992,108)
	-------------	------------	-------------	------------	------------	-------------
Balance at 31 March 2025	35,000,000	–	35,000,000	7,318,085	7,318,085	42,318,085
	-------------	------------	-------------	------------	------------	-------------

Newmark BH2 LLP

Reconciliation of Members' Interests (continued)

Year ended 31 March 2025

	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors		Total members' interests
	Members' capital (classified as equity)	Other reserves, including the fair value reserve	Total	Other amounts	Total	Total 2024
	£	£	£	£	£	£
Balance at 1 April 2023	35,000,000	–	35,000,000	3,076,353	3,076,353	38,076,353
Profit for the financial year available for discretionary division among members		8,992,108	8,992,108			8,992,108
	-------------	------------	-------------	------------	------------	-------------
Members' interests after profit for the year	35,000,000	8,992,108	43,992,108	3,076,353	3,076,353	47,068,461
Other division of profits		(8,992,108)	(8,992,108)	8,992,108	8,992,108	–
Drawings				(4,116,345)	(4,116,345)	(4,116,345)
	-------------	------------	-------------	------------	------------	-------------
Balance at 31 March 2024	35,000,000	–	35,000,000	7,952,116	7,952,116	42,952,116
	-------------	------------	-------------	------------	------------	-------------

Newmark BH2 LLP

Notes to the Financial Statements

Year ended 31 March 2025

1.	General information

The LLP is registered in England and Wales. The address of the registered office is C/O Corporation Service Company, 5 Churchill Place, 10th Floor, London E14 5HU, England.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2018 (SORP 2018), except that in order to achieve a fair presentation, the members have departed from the requirements of section 19.23 of FRS 102, which require the amortisation of goodwill over a period not exceeding ten years. This would have resulted in an amortisation charge of £3,607,500 in the accounts for the period. The members have concluded that the financial statements present fairly the entity's financial position, financial performance; on the basis of the value of the goodwill acquired had not diminished in value since the date of acquisition.

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the LLP. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Newmark BH2 LLP

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no critical judgements to note. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: Recoverability of Trade debtors Determining the recoverability of trade debtors requires an estimation of any bad debt provision necessary. The members make an estimate of the bad debt provision base on past recoverability and known post balance sheet events.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised on the invoice date, with invoices being raised on completion of a real estate transaction.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Goodwill

The Goodwill (note 7) is measured at cost. Goodwill arose on the business acquisition and represents the excess of the cost of the acquisition over the LLP's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Motor Vehicle	-	25% straight line
Equipments	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4.	Turnover

Turnover arises from:

	2025	2024
	£	£
Rendering of services	12,150,193	12,564,777
	-------------	-------------

The whole of the turnover is attributable to the principal activity of the LLP wholly undertaken in the United Kingdom.

5.	Staff costs

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 11 (2024: 10 ).

The aggregate employment costs incurred during the year (excluding members) were:

	2025	2024
	£	£
Wages and salaries	1,494,943	1,439,159
Social security costs	202,667	159,354
Other pension costs	44,500	35,299
	------------	------------
	1,742,110	1,633,812
	------------	------------

6.	Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	20,000	20,000
	--------	--------

7.	Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	32,037	28,582
	--------	--------

8.	Information in relation to members

	2025	2024
	£	£
Highest paid members remuneration	6,981,759	7,617,289
	----	----

	2025	2024
	No.	No.
Average number of members	11	10
	----	----

9.	Intangible assets

	Goodwill	Other intangible assets
	£	£
Cost
At 1 April 2024	37,476,575	–
Additions	1,376,318	–
	-------------	----
At 31 March 2025	38,852,893	–
	-------------	----
Amortisation
At 1 April 2024 and 31 March 2025	–	–
	-------------	----
Carrying amount
At 31 March 2025	38,852,893	–
	-------------	----
At 31 March 2024	37,476,575	–
	-------------	----

10.	Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	14,805	95,254	17,051	127,110
Additions	–	–	3,184	3,184
	--------	--------	--------	---------
At 31 March 2025	14,805	95,254	20,235	130,294
	--------	--------	--------	---------
Depreciation
At 1 April 2024	2,935	37,703	5,063	45,701
Charge for the year	3,701	23,813	4,523	32,037
	--------	--------	--------	---------
At 31 March 2025	6,636	61,516	9,586	77,738
	--------	--------	--------	---------
Carrying amount
At 31 March 2025	8,169	33,738	10,649	52,556
	--------	--------	--------	---------
At 31 March 2024	11,870	57,551	11,988	81,409
	--------	--------	--------	---------

11.	Debtors

	2025	2024
	£	£
Trade debtors	2,477,098	685,895
Amounts owed by group undertakings	1,068,146	5,939,546
Prepayments and accrued income	785,424	333,328
Other debtors	4,168	4,168
	------------	------------
	4,334,836	6,962,937
	------------	------------

12. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	283,465	313,789
Accruals and deferred income	953,863	1,168,223
Social security and other taxes	472,838	261,375
Deferred Consideration	1,376,316	1,401,575
Other creditors	7,247	5,804
	------------	------------
	3,093,729	3,150,766
	------------	------------

13.	Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 44,500 (2024: £ 35,299 ).

14.	Loans and other debts due to members

	2025	2024
	£	£
Amounts owed to members in respect of profits	7,318,085	7,952,116
	------------	------------

15.	Controlling party

Newmark Group Inc. of 125 Park Avenue New York USA is the ultimate parent company of Newmark BH2 LLP . The parent has ownership of voting rights more than 25% but not more than 50%.