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REGISTERED NUMBER: 13486987 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Polarlotto Ltd

Polarlotto Ltd (Registered number: 13486987)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Polarlotto Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Bessmert





SECRETARY: MW Law Services Limited





REGISTERED OFFICE: Fifth Floor
5 New Street Square
London
EC4A 3BF





REGISTERED NUMBER: 13486987 (England and Wales)





ACCOUNTANTS: HSY Accountants Ltd
Chartered Certified Accountants &
Statutory Auditors
20 Tadworth Parade
Elm Park
RM12 5AS

Polarlotto Ltd (Registered number: 13486987)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes €    €   
CURRENT ASSETS
Debtors 4 100,834 135,151
Cash at bank 177 -
101,011 135,151
CREDITORS
Amounts falling due within one year 5 51,788 14,158
NET CURRENT ASSETS 49,223 120,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,223

120,993

CREDITORS
Amounts falling due after more than
one year

6

704,027

155,905
NET LIABILITIES (654,804 ) (34,912 )

CAPITAL AND RESERVES
Called up share capital 7 116 116
Retained earnings 8 (654,920 ) (35,028 )
SHAREHOLDERS' FUNDS (654,804 ) (34,912 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Polarlotto Ltd (Registered number: 13486987)

Statement of Financial Position - continued
31 December 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 20 September 2024 and were signed by:





D Bessmert - Director


Polarlotto Ltd (Registered number: 13486987)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Polarlotto 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.

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
€    €   
Other debtors 100,834 135,151

Polarlotto Ltd (Registered number: 13486987)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
€    €   
Trade creditors 1,502 1,500
Tax 36 36
Other creditors 45,925 12,622
Accrued expenses 4,325 -
51,788 14,158

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
€    €   
Amounts owed to group undertakings 704,027 155,905

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: €    €   
100 Ordinary 1 116 116

8. RESERVES
Retained
earnings
€   

At 1 January 2023 (35,028 )
Deficit for the year (619,892 )
At 31 December 2023 (654,920 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Polar Group Technologies AB, the parent company.

The ultimate controlling party is Niklas Bergman.

10. GOING CONCERN

The director and the parent company continue to support the business and confirm it is well-placed to manage its business risk successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue operating for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting when preparing financial statements.