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REGISTERED NUMBER: OC360521 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

FOR

DRUIDS LODGE POLO LLP

DRUIDS LODGE POLO LLP (REGISTERED NUMBER: OC360521)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRUIDS LODGE POLO LLP

GENERAL INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024







DESIGNATED MEMBERS: Harmsworth Trust Company (PTC) Limited
Mrs T H Ormerod
G P D Ormerod
E Ormerod



REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR



REGISTERED NUMBER: OC360521 (England and Wales)



ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR



SOLICITORS: Forsters LLP
31 Hill Street
London
W1J 5LS

DRUIDS LODGE POLO LLP (REGISTERED NUMBER: OC360521)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 661,976 615,565
Livestock assets 5 109,637 142,977
771,613 758,542

CURRENT ASSETS
Stocks 84,741 83,079
Debtors 6 126,403 83,469
Cash in hand 193 -
211,337 166,548
CREDITORS
Amounts falling due within one year 7 170,757 148,682
NET CURRENT ASSETS 40,580 17,866
TOTAL ASSETS LESS CURRENT LIABILITIES 812,193 776,408

CREDITORS
Amounts falling due after more than one
year

8

50,390

47,500
NET ASSETS ATTRIBUTABLE TO MEMBERS 761,803 728,908

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

761,803

728,908

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 761,803 728,908
Amounts due from members 6 (13,063 ) (67,890 )
748,740 661,018

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

DRUIDS LODGE POLO LLP (REGISTERED NUMBER: OC360521)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 23 January 2025 and were signed by:





Mrs T H Ormerod - Designated member

DRUIDS LODGE POLO LLP (REGISTERED NUMBER: OC360521)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Druids Lodge Polo LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the LLP.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Division of profits and losses
The net profits or losses of the LLP shall be distributed according to the LLP members agreement.

Livestock assets
Livestock assets are measured at cost, less costs to sell.

Debtors and creditors
Debtors are measured at their recoverable amount.

Creditors and provisions are recognised where the LLP has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 12 (2022 - 12 ) .

DRUIDS LODGE POLO LLP (REGISTERED NUMBER: OC360521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 594,363 169,608 33,576 797,547
Additions - 53,360 12,000 65,360
At 31 March 2024 594,363 222,968 45,576 862,907
DEPRECIATION
At 1 January 2023 - 151,290 30,692 181,982
Charge for period - 17,257 1,692 18,949
At 31 March 2024 - 168,547 32,384 200,931
NET BOOK VALUE
At 31 March 2024 594,363 54,421 13,192 661,976
At 31 December 2022 594,363 18,318 2,884 615,565

5. LIVESTOCK ASSETS
Polo
ponies
£   
COST OR VALUATION
At 1 January 2023 142,977
Additions 34,525
Disposals (73,465 )
Capitalised cost of homebreds 5,600
At 31 March 2024 109,637
NET BOOK VALUE
At 31 March 2024 109,637
At 31 December 2022 142,977


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 99,191 10,934
Other debtors 27,212 72,535
126,403 83,469

DRUIDS LODGE POLO LLP (REGISTERED NUMBER: OC360521)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 63,049 48,140
Hire purchase contracts 8,640 -
Trade creditors 65,553 48,522
Taxation and social security 13,115 4,817
Other creditors 20,400 47,203
170,757 148,682

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Hire purchase contracts 26,640 -
Other creditors 23,750 47,500
50,390 47,500

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of the LLP ceasing.