POLYCLEAR HOLDINGS LIMITED
Registered number: 04995921
Abridged Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 2,671,782 2,671,782
Creditors: amounts falling due within one year (9,742) (8,886)
Net current liabilities (9,742) (8,886)
Net assets 2,662,040 2,662,896
Capital and reserves
Called up share capital 1,002 1,002
Profit and loss account 2,661,038 2,661,894
Shareholders' funds 2,662,040 2,662,896
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
K Mehta
Director
Approved by the board on 16 September 2024
POLYCLEAR HOLDINGS LIMITED
Notes to the Abridged Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 July 2023 2,671,782
At 30 June 2024 2,671,782
4 Other information
POLYCLEAR HOLDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1st Avenue
Millbrook Trading Estate
Southampton
Hampshire
SO15 OLG
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