| ITE Systems LLP |
| Registered number: |
OC355930 |
| Balance Sheet |
| as at 30 June 2025 |
| Notes |
|
2025 |
|
2024 |
| $ |
$ |
| Current assets |
|
|
|
|
|
| Debtors |
3 |
|
- |
|
1,323 |
|
| Creditors: amounts falling due within one year |
4 |
|
(13,649) |
|
(9,538) |
|
| Net current liabilities |
|
|
(13,649) |
|
(8,215) |
|
|
|
|
|
|
| Total assets less current liabilities |
|
|
(13,649) |
|
(8,215) |
|
|
|
| Net liabilities attributable to members |
(13,649) |
|
(8,215) |
|
|
|
|
|
|
| Represented by: |
|
|
|
|
|
|
| Members' other interests |
| Members' capital classified as equity |
|
|
1,490 |
|
1,490 |
| Other reserves |
|
|
(15,139) |
|
(9,705) |
|
|
|
(13,649) |
|
(8,215) |
|
|
|
|
|
|
|
|
|
(13,649) |
|
(8,215) |
|
|
|
|
|
|
| Total members' interests |
| Members' other interests |
|
|
(13,649) |
|
(8,215) |
|
|
|
|
(13,649) |
|
(8,215) |
|
|
|
|
|
|
| For the year ended 30 June 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 24 July 2026 and signed on their behalf by: |
|
|
| Baki Erkan Oner |
| Designated member |
|
| ITE Systems LLP |
| Notes to the Accounts |
| for the year ended 30 June 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. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans
and other financial liabilities are initially recognised at transaction price net of any transaction
costs and subsequently measured at amortised cost determined using the effective interest
method |
|
|
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 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| $ |
$ |
|
|
Other debtors |
- |
|
1,323 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| $ |
$ |
|
|
Accruals |
750 |
|
- |
|
Other creditors |
12,899 |
|
9,538 |
|
|
|
|
|
|
13,649 |
|
9,538 |
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
ITE Systems LLP is a limited liability partnership incorporated in England. Its registered office is: |
|
5 St John's Lane |
|
London |
|
United Kingdom |
|
EC1M 4BH |