| ISK Business Partnership LLP |
| Registered number: |
OC403276 |
| Balance Sheet |
| as at 31 March 2025 |
| Notes |
|
2025 |
|
2024 |
| £ |
£ |
| Current assets |
|
|
|
|
|
| Cash at bank and in hand |
|
|
- |
|
2,240 |
|
|
| Net current assets |
|
|
- |
|
2,240 |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
- |
|
2,240 |
|
|
|
| Net assets attributable to members |
- |
|
2,240 |
|
|
|
|
|
|
| Represented by: |
| Loans and other debts due to members |
3 |
|
- |
|
2,240 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
2,240 |
|
|
|
|
|
|
| Total members' interests |
| Loans and other debts due to members |
3 |
|
- |
|
2,240 |
|
|
|
|
- |
|
2,240 |
|
|
|
|
|
|
| For the year ended 31 March 2025 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 31 May 2025 and signed on their behalf by: |
|
|
| I S Kular |
| Designated member |
|
| ISK Business Partnership LLP |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
| 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. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Taxation |
|
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
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 |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the LLP |
0 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Loans and other debts due to members |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts due to members in respect of profits |
- |
|
2,240 |
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year |
- |
|
2,240 |
|
|
|
|
|
|
|
|
|
|
Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up. |
|
|
| 4 |
Other information |
|
|
ISK Business Partnership LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
1 Bransford Rise |
|
Catherine-de-Barnes |
|
Solihull |
|
West Midlands |
|
B91 2TP |