POLARIS BR LTD

Company Registration Number:
13103402 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

POLARIS BR LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

POLARIS BR LTD

Company Information

for the Period Ended 31 December 2023




Director: BRUNO RIPA
Registered office: 104 Berglen Court
7 Branch Road
London
England
E14 7JX
Company Registration Number: 13103402 (England and Wales)

POLARIS BR LTD

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The company's principal activity during the period was the information technology consultancy.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
BRUNO RIPA

This report was approved by the board of directors on 23 September 2024
And Signed On Behalf Of The Board By:

Name: BRUNO RIPA
Status: Director

POLARIS BR LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 627 836
Total fixed assets: 627 836
Current assets
Debtors: 1,871 6,999
Cash at bank and in hand: 32,060 20,252
Total current assets: 33,931 27,251
Creditors: amounts falling due within one year: ( 9,488 ) ( 3,415 )
Net current assets (liabilities): 24,443 23,836
Total assets less current liabilities: 25,070 24,672
Total net assets (liabilities): 25,070 24,672

The notes form part of these financial statements

POLARIS BR LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 24,970 24,572
Shareholders funds: 25,070 24,672

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 September 2024
And Signed On Behalf Of The Board By:

Name: BRUNO RIPA
Status: Director

The notes form part of these financial statements

POLARIS BR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, net of discounts and Value Added Tax. Turnover includes revenue earned from the sale of goods and from rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
    Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
    An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognized in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognized in profit or loss.

    Other accounting policies

    FOREIGN CURRENCIES Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period. CURRENT TAX Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

POLARIS BR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

POLARIS BR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

POLARIS BR LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 836
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2023 836
Depreciation
At 01 January 2023 0
Charge for year 209
On disposals -
Other adjustments -
At 31 December 2023 209
Net book value
At 31 December 2023 627
At 31 December 2022 836