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REGISTERED NUMBER: 11395138 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Polpo Trading Ltd

Polpo Trading Ltd (Registered number: 11395138)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Polpo Trading Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: S J Staples





REGISTERED OFFICE: Boardman Conway
23A High Street
Weaverham
Northwich
Cheshire
CW8 3HA





REGISTERED NUMBER: 11395138 (England and Wales)





ACCOUNTANTS: Boardman Conway
23A High Street
Weaverham
Northwich
Cheshire
CW8 3HA

Polpo Trading Ltd (Registered number: 11395138)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Investments 5 91,799 140,213
Cash at bank 10,006 1,501
101,805 141,714
CREDITORS
Amounts falling due within one year 6 44,326 105,336
NET CURRENT ASSETS 57,479 36,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,480

36,379

CREDITORS
Amounts falling due after more than one
year

7

44,656

44,715
NET ASSETS/(LIABILITIES) 12,824 (8,336 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,724 (8,436 )
12,824 (8,336 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

Polpo Trading Ltd (Registered number: 11395138)

Balance Sheet - continued
30 June 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





S J Staples - Director


Polpo Trading Ltd (Registered number: 11395138)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Polpo Trading Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Computer equipment - 33% straight line

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Polpo Trading Ltd (Registered number: 11395138)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 2,567
DEPRECIATION
At 1 July 2022
and 30 June 2023 2,566
NET BOOK VALUE
At 30 June 2023 1
At 30 June 2022 1

5. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£    £   
Listed investments 252 5,726
Crypto currency 91,547 134,487
91,799 140,213

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 5,833 5,905
Tax 2,656 -
Director's current account 35,117 98,807
Accrued expenses 720 624
44,326 105,336

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 10,000 10,124
Bank loans - 2-5 years 30,000 30,372
Bank loans more 5 yr by instal 4,656 4,219
44,656 44,715

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,656 4,219