IBE Partnership LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC356149

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		967		1,326

			967		1,326
CURRENT ASSETS
Debtors	5	3		5,460
Cash at bank and in hand		1,906		1,022

		1,909		6,482
Creditors: Amounts Falling Due Within One Year	6	(2,710 )		(4,636 )

NET CURRENT ASSETS (LIABILITIES)			(801 )		1,846

TOTAL ASSETS LESS CURRENT LIABILITIES			166		3,172

NET ASSETS ATTRIBUTABLE TO MEMBERS			166		3,172

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		166		3,172

			166		3,172

			166		3,172

TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year			166		3,172

			166		3,172

Page 1

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IBE Partnership LLP

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 Vassos Chrysostomou

Designated Member

03/10/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

IBE Partnership LLP is a limited liability partnership, incorporated in England & Wales, registered number OC356149 . The Registered Office is 309 Southborough Lane, Bromley, Kent, BR2 8BG.

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 May 2024 (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. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% Straight Line
Office Equipment	33% Straight Line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 2 (2025: 2)

4. Tangible Assets

	Fixtures & Fittings	Office Equipment	Total
	£	£	£
Cost
As at 1 April 2025	593	9,175	9,768
Additions	-	505	505
Disposals	-	(616 )	(616 )

As at 31 March 2026	593	9,064	9,657

...CONTINUED

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IBE Partnership LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	494	7,948	8,442
Provided during the period	77	705	782
Disposals	-	(534 )	(534 )

As at 31 March 2026	571	8,119	8,690

Net Book Value
As at 31 March 2026	22	945	967

As at 1 April 2025	99	1,227	1,326

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	5,460
Other debtors	3	-

	3	5,460

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
VAT	-	372
Accruals and deferred income	2,710	4,264

	2,710	4,636

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