Newbridge Advisors LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC378028 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Newbridge Advisors LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DESIGNATED MEMBERS:

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

CURRENT ASSETS

Debtors

5

589,734

348,510

Cash at bank

432,188

313,090

1,021,922

661,600

CREDITORS

Amounts falling due within one year

6

176,871

98,471

NET CURRENT ASSETS

845,051

563,129

TOTAL ASSETS LESS CURRENT LIABILITIES

and

NET ASSETS ATTRIBUTABLE TO MEMBERS

845,051

563,129

LOANS AND OTHER DEBTS DUE TO MEMBERS

845,051

563,129

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

845,051

563,129

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 2021.

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 Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 21 July 2021 and were signed by:

R J Dodson - Designated member

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.

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 4 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

4,887

DEPRECIATION

At 1 April 2020

and 31 March 2021

4,887

NET BOOK VALUE

At 31 March 2021

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

577,915

337,549

Other debtors -Rent Deposit

10,961

10,961

Misc payments

858

-

589,734

348,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

38,252

13,198

Amounts owed to participating interests

4,563

3,529

Social security and other taxes

10,891

7,308

Staff pensions

1,327

4,740

VAT

115,838

66,387

Other Creditors - staff wages

-

(691

)

Accrued expenses

6,000

4,000

176,871

98,471