2022-12-01 08781690 2023-11-30 08781690 2022-12-01 2023-11-30 08781690 2022-11-30 08781690 2021-12-01 2022-11-30 08781690 uk-core:WithinOneYear 2022-11-30 08781690 uk-core:WithinOneYear 2023-11-30 08781690 uk-core:ShareCapital 2023-11-30 08781690 uk-core:ShareCapital 2022-11-30 08781690 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 08781690 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 08781690 uk-bus:Director1 2022-12-01 2023-11-30 08781690 uk-core:PlantMachinery 2022-12-01 2023-11-30 08781690 uk-core:CommercialMotorVehicles 2022-12-01 2023-11-30 08781690 uk-core:FurnitureFittings 2022-12-01 2023-11-30 08781690 uk-core:FurnitureFittings 2022-11-30 08781690 uk-core:PlantMachinery 2022-11-30 08781690 uk-core:Buildings 2022-11-30 08781690 uk-core:Buildings 2023-11-30 08781690 uk-core:PlantMachinery 2023-11-30 08781690 uk-core:FurnitureFittings 2023-11-30 08781690 uk-core:Buildings 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure 08781690 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08781690 uk-bus:FRS102 2022-12-01 2023-11-30 08781690 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 08781690 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Polaris Properties Limited
Registered Number:08781690
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
Polaris Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08781690
As at 30 November 2023
Polaris Properties Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
538,833
539,068
2
538,833
539,068
Current assets
1,667
Cash and cash equivalents
1,022
1,022
1,667
Trade and other payables: amounts falling due within one
year
(633,169)
(726,909)
3
(631,502)
(725,887)
Net current liabilities
Total assets less current liabilities
(187,054)
(92,434)
(187,054)
Net liabilities
(92,434)
Capital and reserves
Called up share capital
100
100
Retained earnings
(187,154)
(92,534)
(187,054)
(92,434)
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Norman Henderson Director
These financial statements were approved and authorised for issue by the Board on 30 March 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 November 2023
Polaris Properties Limited
Notes to the Financial Statements
Statutory Information
Polaris Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08781690.
Registered address:
Langley House
Lepe Road, Blackfield
Southampton
SO45 1YT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 December 2022
544,270
2,885
3,885
537,500
At 30 November 2023
537,500
3,885
2,885
544,270
Provision for depreciation and impairment
At 01 December 2022
5,202
2,218
2,984
-
Charge for year
235
100
135
-
At 30 November 2023
5,437
2,318
3,119
-
At 30 November 2023
Net book value
537,500
766
567
538,833
At 30 November 2022
537,500
901
667
539,068
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5
For the year ended 30 November 2023
Polaris Properties Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
40,625
-
Other creditors
686,284
633,169
726,909
633,169
4. Average number of persons employed
During the year the average number of employees was 0
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