Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31falseThe principal activity of the limited liability partnership continued to be that of consultancy services.2024-04-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC370646 2024-04-01 2025-03-31 OC370646 2023-04-01 2024-03-31 OC370646 2025-03-31 OC370646 2024-03-31 OC370646 c:CurrentFinancialInstruments 2025-03-31 OC370646 c:CurrentFinancialInstruments 2024-03-31 OC370646 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 OC370646 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 OC370646 d:FRS102 2024-04-01 2025-03-31 OC370646 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC370646 d:FullAccounts 2024-04-01 2025-03-31 OC370646 d:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC370646 d:PartnerLLP1 2024-04-01 2025-03-31 OC370646 d:PartnerLLP2 2024-04-01 2025-03-31 OC370646 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: OC370646














BITEL LLP
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
BITEL LLP
 

INFORMATION




Designated Members

N A Bitel
S N Bitel

LLP registered number

OC370646

Registered office

39 Litchfield WayLondonNW11 6NU

Accountants

Sopher + Co LLP5 Elstree GateElstree WayBorehamwoodHertfordshireWD6 1JD


 
BITEL LLP
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
BITEL LLP
REGISTERED NUMBER:OC370646

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
4,629
15,054

Cash at bank and in hand
  
35,476
11,935

  
40,105
26,989

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(1,980)
(1,980)

Net current assets
  
38,125
25,009


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
  
38,125
25,009


Total members' interests
  

Loans and other debts due to members
  
38,125
25,009


The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 

N A Bitel
Designated member

Date: 2 June 2025

The notes on pages 2 to 4 form part of these financial statements.

Bitel LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of Changes in Equity.

Page 1

 
BITEL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Bitel LLP is a limited liability partnership incorporated in England and Wales. The registered office is 39 Litchfield Way, London, NW11 6NU.
The limited liability partnership's principal activities are disclosed in the Members' Report. 
The financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

 is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured.  is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
BITEL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. 

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 3

 
BITEL LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Debtors

2025
2024
£
£


Trade debtors
-
10,350

Prepayments and accrued income
4,630
4,704

4,630
15,054



5.


Creditors: Amounts falling due within one year

2025
2024
£
£

Accruals and deferred income
1,980
1,980


 
Page 4