Registered No. NC001475 (Northern Ireland)
Confido Polo LLP
Unaudited accounts
for the year ended 31 December 2023
Confido Polo LLP
Statement of financial position
as at 31 December 2023
Tangible assets
93,097
145,385
Cash at bank and in hand
919
4,935
Creditors: amounts falling due within one year
(24,097)
(51,364)
Net current liabilities
(19,866)
(43,136)
Net assets attributable to members
73,231
102,249
Loans and other debts due to members
73,231
102,249
Loans and other debts due to members
73,231
102,249
For the year ending 31 December 2023 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 5 September 2024.
Mr Creighton Boyd
Designated member
Limited Liability Partnership Registration No. NC001475
Confido Polo LLP
Notes to the Accounts
for the year ended 31 December 2023
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.
Having reviewed the resources available the members believe that Confido Polo LLP has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Confido Polo LLP continues to adopt the going concern basis in the preparation of its financial statements.
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:
Plant & machinery
25% Straight line (Ponies)
Motor vehicles
10 years Straight Line
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 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' shares in the profit or loss for the year are accounted for as an allocation of profits. Unallocated profits and losses are included within 'other reserves'.
Confido Polo LLP is a limited liability partnership, incorporated in Northern Ireland, registration number NC001475. Its registered office is 13 Main Street, Hillsborough, County Down, BT26 6AE, Northern Ireland.
Confido Polo LLP
Notes to the Accounts
for the year ended 31 December 2023
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
447,430
41,185
488,615
At 31 December 2023
447,430
41,185
488,615
At 1 January 2023
327,637
15,593
343,230
Charge for the year
49,169
3,119
52,288
At 31 December 2023
376,806
18,712
395,518
At 31 December 2023
70,624
22,473
93,097
At 31 December 2022
119,793
25,592
145,385
4
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,432
49,931
Taxes and social security costs
849
-
5
Loans and other debts due to members
2023
2022
Amounts due to members in respect of profits
73,231
102,249
Amounts falling due within one year
73,231
102,249
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 1 (2022: 1).