Team Technologies Development Center LLP

	Page
Balance Sheet	1—2
Reconciliation of Members' Interests	3—5
Notes to the Financial Statements	5

Registered number: OC404423

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Cash at bank and in hand		647,855		577,071

		647,855		577,071
Creditors: Amounts Falling Due Within One Year	4	(2,914 )		(2,914 )

NET CURRENT ASSETS (LIABILITIES)			644,941		574,157

TOTAL ASSETS LESS CURRENT LIABILITIES			644,941		574,157

NET ASSETS ATTRIBUTABLE TO MEMBERS			644,941		574,157

REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability		(890,963)		(820,179)
Other amounts		644,600		573,816

			(246,363)		(246,363)

Equity
Members' other interests
Members' capital		891,304		820,520

			891,304		820,520

			644,941		574,157

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			(246,363)		(246,363)
Members' other interests			891,304		820,520

			644,941		574,157

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Team Technologies Development Center LLP

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the LLP 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 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Andrii Sheludenkov

Designated Member

20/08/2025

The notes on page 5 form part of these financial statements.

	EQUITY			DEBT
	Members' other interests			Loans and other debts due to members less any amounts due from members in debtors
	Members'Capital classified as Equity	Other Reserves	Total Equity	Members'Capital classified as Debt
	£	£	£	£
Amounts due to members	-	-	-	(249,815)

Balance at 1 March 2023	250,156	-	250,156	(249,815)
Profit/(loss) for the financial year available for discretionary division among members	-	570,364	570,364	-

Members' interests after profit/(loss) for the year	250,156	570,364	820,520	(249,815)
Other divisions of profits (losses)	-	(570,364)	(570,364)	-
Introduced by members	570,364	-	570,364	-
Other Movements	-	-	-	(570,364)

Amounts due to members	-	-	-	(820,179)

As at 29 February 2024 and 1 March 2024	820,520	-	820,520	(820,179)


Profit/(loss) for the financial year available for discretionary division among members	-	70,784	70,784	-

Members' interests after profit/(loss) for the year	820,520	70,784	891,304	(820,179)
Other divisions of profits (losses)	-	(70,784)	(70,784)	-
Introduced by members	70,784	-	70,784	-
Other Movements	-	-	-	(70,784)

Amounts due to members	-	-	-	(890,963)

As at 28 February 2025	891,304	-	891,304	(890,963)

	DEBT
	Loans and other debts due to members less any amounts due from members in debtors
	Other amounts	Total Debts	Total members' interest
	£	£	£
Amounts due to members	3,452	(246,363)	-

Balance at 1 March 2023	3,452	(246,363)	3,793
Profit/(loss) for the financial year available for discretionary division among members	-	-	570,364

Members' interests after profit/(loss) for the year	3,452	(246,363)	574,157

...CONTINUED

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Team Technologies Development Center LLP

Reconciliation of Members' Interests (continued)

For The Year Ended 28 February 2025

Other divisions of profits (losses)	570,364	570,364	-
Introduced by members	-	-	570,364
Other Movements	-	(570,364)	(570,364)

Amounts due to members	573,816	(246,363)	-

As at 29 February 2024 and 1 March 2024	573,816	(246,363)	574,157


Profit/(loss) for the financial year available for discretionary division among members	-	-	70,784

Members' interests after profit/(loss) for the year	573,816	(246,363)	644,941
Other divisions of profits (losses)	70,784	70,784	-
Introduced by members	-	-	70,784
Other Movements	-	(70,784)	(70,784)

Amounts due to members	644,600	(246,363)	-

As at 28 February 2025	644,600	(246,363)	644,941

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Team Technologies Development Center LLP

Notes to the Financial Statements

For The Year Ended 28 February 2025

1. General Information

Team Technologies Development Center LLP is a limited liability partnership, incorporated in England & Wales, registered number OC404423 . The Registered Office is 41 Devonshire Street, Ground Floor, London, W1G 7AJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2024: 2)

4. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	2,914	2,914

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