Intuitive Technology Partners (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13998033 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

INTUITIVE TECHNOLOGY PARTNERS (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J A Modh

Mr I S Shah

REGISTERED OFFICE:

1 Doughty Street

London

WC1N 2PH

REGISTERED NUMBER:

13998033 (England and Wales)

AUDITORS:

PSJ Alexander & Co

Chartered Accountants & Statutory Auditors

1 Doughty Street

London

WC1N 2PH

FIXED ASSETS

Tangible assets

4

3,279

3,560

CURRENT ASSETS

Debtors

5

303,251

76,550

Cash at bank

7,405

107,378

310,656

183,928

CREDITORS

Amounts falling due within one year

6

248,170

142,201

NET CURRENT ASSETS

62,486

41,727

TOTAL ASSETS LESS CURRENT
LIABILITIES

65,765

45,287

PROVISIONS FOR LIABILITIES

890

NET ASSETS

64,875

44,397

CAPITAL AND RESERVES

Called up share capital

7

10,000

Retained earnings

54,875

34,397

SHAREHOLDERS' FUNDS

64,875

44,397

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th December 2025 and were signed on its behalf by:

Mr I S Shah - Director

1.	STATUTORY INFORMATION

Intuitive Technology Partners (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and that the revenue can be reliably measured. The following recognition criteria must also be met before turnover is recognised:

-

Turnover from time and material contracts are recognised as related services are performed.

-

Turnover from fixed price contracts are recognised in accordance with the percentage completion method.

Turnover is stated net of value-added tax.

Accrued income

Where a contract has only been partially completed at the balance sheet date, turnover includes the value of services provided to date based on a proportion of the total expected consideration at completion. The corresponding figure is shown as accrued income.

Deferred Income

Deferred Income represents billings in excess of turnover in case of ongoing fixed price and time and material contracts wherein amounts have been billed in accordance with the billing cycle and efforts to supply the service would be incurred subsequent to the year-end.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have assessed the going concern risks to the company and have concluded that:

-

the company's parent undertaking, Intuitive Technology Partners Inc., registered in USA, has indicated its intention
to continue to make available such funds as are needed by the company.

-

based on the latest management accounts, the company is profitable and the directors are confident that this will
continue in the immediate future.

The Company is dependent on Intuitive Technology Partners Inc. for providing additional financial support. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, the directors have no reason to believe that it will not do so. The ability of the parent undertaking to continue to provide this support is dependent on its financial position and operational performance.

Based on these indications, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

6,659

Additions

1,939

At 31st December 2024

8,598

DEPRECIATION

At 1st January 2024

3,099

Charge for year

2,220

At 31st December 2024

5,319

NET BOOK VALUE

At 31st December 2024

3,279

At 31st December 2023

3,560

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

276,259

68,161

Amounts owed by group undertakings

657

-

Other debtors

26,335

8,389

303,251

76,550

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

20,821

2,688

Amounts owed to group undertakings

113,822

87,409

Taxation and social security

78,807

36,842

Other creditors

34,720

15,262

248,170

142,201

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

10,000

Share capital 1

1

10,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Manesh Shah (Senior Statutory Auditor)

for and on behalf of PSJ Alexander & Co

9.	RELATED PARTY DISCLOSURES

The Company undertook the following transactions with group undertakings during the year:

2024

2023

£

Sales made to parent company during the year

226,267

234,927

Expenses paid on behalf of a group company

657

-

Loan provided to a group company

-

50,000

Amount receivable from group companies

657

-

Amount payable to group companies

113,822

87,409

10.	ULTIMATE CONTROLLING PARTY & PARENT UNDERTAKING

The ultimate controlling party is Mr J A Modh.

The immediate and ultimate parent undertaking is Intuitive Technology Partners Inc. a company incorporated and registered in USA. The parent undertaking prepares consolidated financial statements, which incorporates the financial statements of this company. Its registered office address is 33 Wood Avenue S., Suite 600, Iselin, New Jersey 08830, USA. The consolidated financial statements of the parent undertaking are not available to the public.