Registered number
OC355930
ITE Systems LLP
Filleted Accounts
30 June 2023
ITE Systems LLP
Registered number: OC355930
Balance Sheet
as at 30 June 2023
Notes 2023 2022
US $ US $
Current assets
Debtors 3 2,964 -
Creditors: amounts falling due within one year 4 - (950)
Net current assets/(liabilities) 2,964 (950)
Total assets less current liabilities 2,964 (950)
Net assets/(liabilities) attributable to members 2,964 (950)
Represented by:
Members' other interests
Members' capital classified as equity 1,490 1,490
Other reserves 1,474 (2,440)
2,964 (950)
2,964 (950)
Total members' interests
Members' other interests 2,964 (950)
2,964 (950)
For the year ended 30 June 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 3 August 2023 and signed on their behalf by:
Tahira Ledadazafimamonjy
on behalf of KANADO INVESTMENTS LIMITED
Designated member
ITE Systems LLP
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 0 0
3 Debtors 2023 2022
US $ US $
Prepayments 2,964 -
4 Creditors: amounts falling due within one year 2023 2022
US $ US $
Accruals - 950
5 Other information
ITE Systems LLP is a limited liability partnership incorporated in England. Its registered office is:
5 St John's Lane
London
United Kingdom
EC1M 4BH
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