Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 OC389887 Marco Polo Global Limited Next 2U FZE Mr Marc Kurt Ostheimer true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC389887 2022-12-31 OC389887 2023-12-31 OC389887 2023-01-01 2023-12-31 OC389887 frs-core:CurrentFinancialInstruments 2023-12-31 OC389887 frs-bus:LimitedLiabilityPartnershipLLP 2023-01-01 2023-12-31 OC389887 frs-bus:LimitedLiabilityPartnershipsSORP 2023-01-01 2023-12-31 OC389887 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 OC389887 frs-bus:SmallEntities 2023-01-01 2023-12-31 OC389887 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 OC389887 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 OC389887 1 2023-01-01 2023-12-31 OC389887 frs-countries:EnglandWales 2023-01-01 2023-12-31 OC389887 frs-bus:PartnerLLP1 2023-01-01 2023-12-31 OC389887 frs-bus:PartnerLLP2 2023-01-01 2023-12-31 OC389887 2021-12-31 OC389887 2022-12-31 OC389887 2022-01-01 2022-12-31 OC389887 frs-core:CurrentFinancialInstruments 2022-12-31
Registered number: OC389887
Livendale Management LLP
Unaudited Financial Statements
For The Year Ended 31 December 2023
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC389887
2023 2022
Notes
CURRENT ASSETS
Debtors 4 30,320 61,000
Cash at bank and in hand 17,543 152,054
47,863 213,054
NET CURRENT ASSETS (LIABILITIES) 47,863 213,054
TOTAL ASSETS LESS CURRENT LIABILITIES 47,863 213,054
NET ASSETS ATTRIBUTABLE TO MEMBERS 47,863 213,054
REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts 38,863 204,054
38,863 204,054
Equity
Members' other interests
Members' capital 9,000 9,000
9,000 9,000
47,863 213,054
TOTAL MEMBERS' INTEREST
Loans and other debts due to members within one year 38,863 204,054
Members' other interests 9,000 9,000
47,863 213,054
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For the year ending 31 December 2023 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
Marco Polo Global Limited
Designated Member
23/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Livendale Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC389887 . The Registered Office is Birchin Court , 20 Birchin Lane , London , EC3V 9DJ.
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 December 2021 (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.
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.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there
is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or
to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of
the company after deducting all of its liabilities.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future
receipts discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or
less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest method.
Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand.
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2.4.
Foreign currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date.  Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2022: 2)
2 2
4. Debtors
2023 2022
Due within one year
Trade debtors 21,320 52,000
Other debtors 9,000 9,000
30,320 61,000
5. Ultimate Controlling Party
The LLP's ultimate controlling party is Mr Marc Kurt Ostheimer .
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