Financial statements for year ended 31 March 2026


BYTTARA VENTURES LLP		Company No. OC404622

Balance sheet as at 31 March 2026

			2026	2025
	Note		£	£
Fixed assets
Intangible assets	4		-	9,691
Tangible assets	5		9,348	48,018
			9,348	57,709
Current assets
Stocks			-	2,469
Debtors	6		12,855	42,562
Cash at bank and in hand			234	21,455
			13,089	66,486
Creditors: amounts falling due within one year	7		(12,409)	(17,262)
Net current assets			680	49,224
Total assets less current liabilities			10,028	106,933
Creditors: amounts falling due after more than one year	8		(19,564)	(29,007)
Net (liabilities)/assets attributable to members			(9,536)	77,926

Represented by
Loans and other debts due to members within one year
Members' capital classified as a liability			9,464	9,573
Other amounts			10,091	36,043
			19,555	45,616
Equity
Members' capital classified as equity			17,135	20,000
Members' other interests - other reserves classified as equity			(46,226)	12,310
			(9,536)	77,926
Total members' interests
Loans and other debts due to members			19,555	45,616
Members other interests			(29,091)	32,310
			(9,536)	77,926

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 & Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLP's subject to the small LLP's regime.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLP's) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLP's subject to the small LLP's regime.


BYTTARA VENTURES LLP		Company No. OC404622

Balance sheet as at 31 March 2026

These accounts were approved by the members on 24 October 2026 and were signed on its behalf by: __________________________________________________ M A Zayat ((Appointed 16 October 2026)


BYTTARA VENTURES LLP		Company No. OC404622

Notes to the accounts


1 Statutory information

BYTTARA VENTURES LLP is a limited liability partnership, incorporated in England and Wales, registered number OC404622 The address of the registered office is Suite A, 82 James Carter Road, Mildenhall, England, IP28 7DE. Statutory Name Change Disclosure: On 21st October 2026, the LLP formally changed its legal name from Sterling Mitchell LLP to Byttara Ventures LLP in accordance with the provisions of the LLP Agreement and filing with Companies House. The financial statements for the year ended 31 March 2026 are presented under the new legal name. All historical balances and comparative figures relate directly to the continuous legal entity registered under LLP Number OC404622. Post Balance Sheet Events: Subsequent to the financial year-end, a change in ownership and management took place. On 16 October 2026, M A Zayat acquired the entire partnership capital and controlling interest of the LLP from the outgoing members, S D Kamara and M M Kamara, under a formal Membership Interest Purchase Agreement. On the same date, the outgoing members resigned, and M A Zayat was appointed as a designated member and assumed full operational control of the LLP. Controlling Party: Throughout the financial year under review, the LLP was under the joint control of the designated members, S D Kamara and M M Kamara, by virtue of their majority partnership interests. Subsequent to the balance sheet date, on 16 October 2026, a restructuring of ownership took place. As of that date, M A Zayat acquired all ownership interests and became the ultimate controlling party of the LLP.


BYTTARA VENTURES LLP		Company No. OC404622

Notes to the accounts


2 Accounting policies

2.1 Basis of preparation

Basis of preparation and early adoption: The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (incorporating the 2024 Periodic Review amendments), Section 1A (Small Entities), the Statement of Recommended Practice: Accounting by Limited Liability Partnerships issued in 2026 (SORP), and the Companies Act 2006 (as applied to LLPs). The LLP has elected to early adopt the amendments arising from the FRS 102 2024 Periodic Review. These amendments are otherwise mandatory for accounting periods beginning on or after 1 January 2026. The accounting policies applied to leases, revenue, and financial instruments have been updated accordingly. The LLP has applied the modified retrospective approach on transition. Under this method, prior period comparative figures for the year ended 31 March 2025 have not been restated. The cumulative effect of initial application has been recognized as an adjustment to the opening balance of members' capital/retained earnings at the date of initial application (1 April 2025). Leases: The LLP recognizes a right-of-use asset and a corresponding lease liability at the lease commencement date for all lease arrangements, except for short-term leases (leases with a term of 12 months or less) and leases of low-value assets. Lease liabilities: Initially measured at the present value of the lease payments unpaid at the transition date (1 April 2025), discounted using the LLP's incremental borrowing rate. Subsequent measurements reflect the accretion of interest and lease payments made. Right-of-use assets: Measured at an amount equal to the lease liability, adjusted by any prepaid or accrued lease payments relating to that lease recognized in the statement of financial position immediately before the date of initial application. Depreciation is charged on a straight-line basis over the shorter of the asset's useful life and the lease term. Revenue from Contracts with Customers: Revenue is recognized by applying a five-step performance-obligation model, reflecting the transfer of promised goods or services to customers at an amount that reflects the consideration to which the LLP expects to be entitled. Where performance obligations are satisfied over time (e.g., service contracts, ongoing projects), revenue is recognized based on the progress towards complete satisfaction of that performance obligation. If a contract allocates transaction price to distinct obligations that are not yet fulfilled at the balance sheet date, the corresponding consideration is recognized as deferred revenue within contract liabilities. The financial statements are prepared in sterling which is the functional currency of the LLP. Transition to FRS 102 (2024 Periodic Review Amendments): This is the first year the LLP has presented its financial statements under FRS 102 (incorporating the 2024 Periodic Review amendments) and the 2026 LLP SORP. The date of initial application was 1 April 2025. The LLP has elected to apply the modified retrospective transition provisions. The impact of the early adoption on the opening balance sheet at 1 April 2025 is outlined below: Adoption of Section 20 (Leases): On 1 April 2025, the LLP recognized right-of-use assets of £20,000 and lease liabilities of £20,000 in relation to leases previously classified as operating leases under the historical standard. The lease liabilities were discounted using the LLP's incremental borrowing rate at 1 April 2025, which averaged 4.75%. Adoption of Section 23 (Revenue from Contracts with Customers): On 1 April 2025, the application of the five-step performance-obligation model resulted in a nil net deferral of revenue for contracts unfulfilled at the transition date. Adjustment to Opening Reserves: The net cumulative impact of the lease and revenue transition adjustments above resulted in a nil net impact to the opening balance of members' reserves at 1 April 2025.


BYTTARA VENTURES LLP		Company No. OC404622

Notes to the accounts


2 Accounting policies

2.2 Going concern disclosure

Going concern: The members have reviewed the financial position of the LLP and have a reasonable expectation that the LLP has adequate resources to continue in operational existence for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements. In making this assessment, the members have considered the impact of the early adoption of the FRS 102 (2024 Periodic Review) amendments—specifically the transition to the new lease accounting and revenue recognition models—on the LLP’s net assets, working capital, and future cash flows. The members have also reviewed cash flow forecasts, taking into account reasonably possible changes in trading performance and the available borrowing facilities. Accordingly, the LLP continues to adopt the going concern basis in preparing the financial statements.

2.3 Turnover

Turnover is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. The LLP recognises revenue when it transfers control over a service to a customer. Turnover from corporate and business management consultancy services is recognised over time as the performance obligations are satisfied. Progress toward complete satisfaction of a performance obligation is measured based on the proportion of contract milestones achieved or hours delivered relative to total estimated project commitments.

3 Average number of employees

The average number of employees during the year was: 2 (2025: 2).

4 Intangible Assets

	Intellectual property		Other intangible assets	Total
	£		£	£
Cost
As at 1 April 2025	2,256		9,706	11,962
As at 31 March 2026	2,256		9,706	11,962
Depreciation
As at 1 April 2025	-		2,271	2,271
Charged in year	-		6,124	6,124
Impairment losses	2,256		1,311	3,567
As at 31 March 2026	2,256		9,706	11,962
Net book value
As at 31 March 2026	-		-	-
As at 1 April 2025	2,256		7,435	9,691


BYTTARA VENTURES LLP				Company No. OC404622

Notes to the accounts


5 Tangible Assets

	Leasehold land and buildings	Plant and machinery	Fixtures and fittings			Computer equipment		Total
	£	£	£			£		£
Cost
As at 1 April 2025	-	19,737	45,203			23,413		88,353
Additions	13,668	-	-			-		13,668
As at 31 March 2026	13,668	19,737	45,203			23,413		102,021
Depreciation
As at 1 April 2025	-	14,057	9,996			16,282		40,335
Charged in year	6,834	5,420	12,802			1,782		26,838
Impairment losses	-	-	21,500			4,000		25,500
As at 31 March 2026	6,834	19,477	44,298			22,064		92,673
Net book value
As at 31 March 2026	6,834	260	905			1,349		9,348
As at 1 April 2025	-	5,680	35,207			7,131		48,018

6 Debtors
					2026		2025
					£		£
Trade debtors					12,855		26,512
Accrued income and prepayments					-		2,925
Other debtors					-		13,125
					12,855		42,562

7 Creditors: amounts falling due within one year
					2026		2025
					£		£
Bank loans and overdrafts					2,267		3,146
Obligations under finance leases and hire purchase contracts					6,835		-
Trade creditors					1,913		2,670
VAT payable					-		569
Other taxes and social security payable					-		569
Accruals and deferred income					1,394		10,308
					12,409		17,262

8 Creditors: amounts falling due after more than one year
					2026		2025
					£		£
Bank loans and overdrafts					19,564		29,007
					19,564		29,007