Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31false2022-08-01Management consultancy11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08082116 2022-08-01 2023-07-31 08082116 2021-08-01 2022-07-31 08082116 2023-07-31 08082116 2022-07-31 08082116 c:Director1 2022-08-01 2023-07-31 08082116 d:OfficeEquipment 2022-08-01 2023-07-31 08082116 d:OfficeEquipment 2023-07-31 08082116 d:OfficeEquipment 2022-07-31 08082116 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 08082116 d:CurrentFinancialInstruments 2023-07-31 08082116 d:CurrentFinancialInstruments 2022-07-31 08082116 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08082116 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 08082116 d:ShareCapital 2023-07-31 08082116 d:ShareCapital 2022-07-31 08082116 d:RetainedEarningsAccumulatedLosses 2023-07-31 08082116 d:RetainedEarningsAccumulatedLosses 2022-07-31 08082116 c:OrdinaryShareClass1 2022-08-01 2023-07-31 08082116 c:OrdinaryShareClass1 2023-07-31 08082116 c:OrdinaryShareClass1 2022-07-31 08082116 c:FRS102 2022-08-01 2023-07-31 08082116 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08082116 c:FullAccounts 2022-08-01 2023-07-31 08082116 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08082116 2 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08082116














POLYREAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

 
POLYREAL LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
POLYREAL LIMITED
REGISTERED NUMBER:08082116

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
-
285

Current assets
  

Debtors: amounts falling due within one year
 5 
26,288
524

Cash at bank and in hand
  
483,212
517,944

  
509,500
518,468

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(8,677)
(2,219)

Net current assets
  
 
 
500,823
 
 
516,249

Net assets
  
500,823
516,534


Capital and reserves
  

Called up share capital 
 7 
10
10

Profit and loss account
  
500,813
516,524

  
500,823
516,534


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 April 2024.




A Corpet
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
POLYREAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Polyreal Limited is a private limited company incorporated in England and Wales, with its registered office at 2nd Floor Connaught House, 1-3 Mount Street, London, United Kingdom, W1K 3NB.
The principal activity of the company is to provide property advisory services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents amounts receivable for property advisory services provided excluding Value Added Tax.
Revenue is recognised in the period in which the services are provided. Revenue comprising success fees is recognised on legal completion of the related transaction.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment
-
33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

 
2.4

Debtors

Short term debtors are measured at the transaction price.

Page 2

 
POLYREAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.9

Dividends

Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3

 
POLYREAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 August 2022
6,903



At 31 July 2023

6,903



Depreciation


At 1 August 2022
6,618


Charge for the year on owned assets
285



At 31 July 2023

6,903



Net book value



At 31 July 2023
-



At 31 July 2022
285


5.


Debtors

2023
2022
£
£


Trade debtors
18,655
-

Other debtors
-
474

Prepayments and accrued income
7,583
-

Tax recoverable
50
50

26,288
524


Page 4

 
POLYREAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
118
120

Taxation and social security
6,460
-

Other creditors
349
349

Accruals and deferred income
1,750
1,750

8,677
2,219



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary shares of £1 each
10
10


 
Page 5