Registered number
OC355930
ITE Systems LLP
Filleted Accounts
30 June 2024
ITE Systems LLP
Registered number: OC355930
Balance Sheet
as at 30 June 2024
Notes 2024 2023
US $ US $
Current assets
Debtors 3 1,323 2,964
Net current assets 1,323 2,964
Total assets less current liabilities 1,323 2,964
Creditors: amounts falling due after more than one year 4 (9,538) -
Net (liabilities)/assets attributable to members (8,215) 2,964
Represented by:
Members' other interests
Members' capital classified as equity 1,490 1,490
Other reserves (9,705) 1,474
(8,215) 2,964
(8,215) 2,964
Total members' interests
Members' other interests (8,215) 2,964
(8,215) 2,964
For the year ended 30 June 2024 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 15 October 2024 and signed on their behalf by:
Baki Erkan Oner
Designated member
ITE Systems LLP
Notes to the Accounts
for the year ended 30 June 2024
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the LLP 0 0
3 Debtors 2024 2023
US $ US $
Prepayments 1,323 2,964
4 Creditors: amounts falling due after one year 2024 2023
US $ US $
Other creditors 9,538 -
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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