1 January 2024 false No description of principal activity Taxfiler 2024.6 true NC001475business:LimitedLiabilityPartnershipLLP2024-01-012024-12-31 NC0014752023-12-31 NC0014752024-01-012024-12-31 NC001475business:AuditExemptWithAccountantsReport2024-01-012024-12-31 NC001475business:FilletedAccounts2024-01-012024-12-31 NC0014752024-12-31 NC0014752023-12-31 NC001475core:WithinOneYear2024-12-31 NC001475core:WithinOneYear2023-12-31 NC001475business:SmallEntities2024-01-012024-12-31 NC001475business:PartnerLLP22024-01-012024-12-31 NC001475core:PlantMachinery2024-01-012024-12-31 NC001475core:MotorVehicles2024-01-012024-12-31 NC001475countries:NorthernIreland2024-01-012024-12-31 NC001475business:RegisteredOffice2024-01-012024-12-31 NC001475core:PlantMachinery2023-12-31 NC001475core:MotorVehicles2023-12-31 NC001475core:PlantMachinery2024-12-31 NC001475core:MotorVehicles2024-12-31 NC0014752023-01-012023-12-31 iso4217:GBP xbrli:pure
Registered No. NC001475 (Northern Ireland)
Confido Polo LLP Unaudited accounts for the year ended 31 December 2024
Confido Polo LLP Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3
49,100 
93,097 
Current assets
Debtors
606 
3,312 
Cash at bank and in hand
226 
919 
832 
4,231 
Creditors: amounts falling due within one year
4
(5,275)
(24,097)
Net current liabilities
(4,443)
(19,866)
Net assets attributable to members
44,657 
73,231 
Represented by:
Loans and other debts due to members
5
44,657 
73,231 
44,657 
73,231 
Total members' interests
Loans and other debts due to members
44,657 
73,231 
44,657 
73,231 
For the year ending 31 December 2024 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 23 September 2025.
Mr Creighton Boyd Designated member Limited Liability Partnership Registration No. NC001475
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Confido Polo LLP Notes to the Accounts for the year ended 31 December 2024
1
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Going concern
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
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' remuneration
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'.
2
Statutory information
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.
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Confido Polo LLP Notes to the Accounts for the year ended 31 December 2024
3
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
447,430 
41,185 
488,615 
Disposals
(12,500)
- 
(12,500)
At 31 December 2024
434,930 
41,185 
476,115 
Depreciation
At 1 January 2024
376,806 
18,712 
395,518 
Charge for the year
40,878 
3,119 
43,997 
On disposals
(12,500)
- 
(12,500)
At 31 December 2024
405,184 
21,831 
427,015 
Net book value
At 31 December 2024
29,746 
19,354 
49,100 
At 31 December 2023
70,624 
22,473 
93,097 
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,180 
2,432 
Amounts owed to group undertakings and other participating interests
2,356 
- 
Taxes and social security costs
- 
849 
Other creditors
749 
1,324 
Accruals
990 
19,492 
5,275 
24,097 
5
Loans and other debts due to members
2024 
2023 
£ 
£ 
Amounts due to members in respect of profits
44,657 
73,231 
Amounts falling due within one year
44,657 
73,231 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Transactions with related parties
Included within creditors are amounts due to connected companies of £2,356 (2023: £Nil). All amounts due are unsecured, interest-free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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