Registered No. OC446260 (England and Wales)
ID Partnership Group LLP
Unaudited accounts
for the year ended 31 March 2025
ID Partnership Group LLP
Statement of financial position
as at 31 March 2025
Tangible assets
1,275
2,546
Cash at bank and in hand
15,162
54,353
Creditors: amounts falling due within one year
(19,498)
(56,928)
Net current assets
101,912
63,993
Net assets attributable to members
103,187
66,539
Loans and other debts due to members
103,187
66,539
Loans and other debts due to members
103,187
66,539
For the year ending 31 March 2025 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small 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.
These 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.
Approved by the members on 16 December 2025.
Linda Telfer
Designated member
Limited Liability Partnership Registration No. OC446260
ID Partnership Group LLP
Notes to the Accounts
for the year ended 31 March 2025
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.
The accounts are presented in £ sterling.
The LLP operates a defined contribution scheme for the benefit of its employees. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight line basis
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
ID Partnership Group LLP is a limited liability partnership, incorporated in England and Wales, registration number OC446260. Its registered office is 1 St. Wilfreds Road, Corbridge, Northumberland, NE45 5DE, UNITED KINGDOM.
ID Partnership Group LLP
Notes to the Accounts
for the year ended 31 March 2025
3
Tangible fixed assets
Computer equipment
4
Creditors: amounts falling due within one year
2025
2024
Taxes and social security costs
1,381
1,154
Other creditors
16,217
41,009
5
Loans and other debts due to members
2025
2024
Amounts due to members in respect of profits
103,187
66,539
Amounts falling due within one year
103,187
66,539
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 2 (2024: 1).