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REGISTERED NUMBER: 12231618 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

POLLY BERR PROPERTIES LIMITED

POLLY BERR PROPERTIES LIMITED (REGISTERED NUMBER: 12231618)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POLLY BERR PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31st January 2024







DIRECTORS: Ms L V Crompton
Mr L A W Gloster





REGISTERED OFFICE: 23 Princes Road
Stockport
SK4 3NQ





REGISTERED NUMBER: 12231618 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

POLLY BERR PROPERTIES LIMITED (REGISTERED NUMBER: 12231618)

BALANCE SHEET
31st January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,112 8,367
Investment property 5 1,948,578 1,941,903
1,955,690 1,950,270

CURRENT ASSETS
Debtors 6 2,996 1,769
Cash at bank 71,722 42,225
74,718 43,994
CREDITORS
Amounts falling due within one year 7 (2,001,504 ) (1,971,247 )
NET CURRENT LIABILITIES (1,926,786 ) (1,927,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,904

23,017

PROVISIONS FOR LIABILITIES (1,778 ) -
NET ASSETS 27,126 23,017

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 27,026 22,917
SHAREHOLDERS' FUNDS 27,126 23,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

POLLY BERR PROPERTIES LIMITED (REGISTERED NUMBER: 12231618)

BALANCE SHEET - continued
31st January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:





Ms L V Crompton - Director


POLLY BERR PROPERTIES LIMITED (REGISTERED NUMBER: 12231618)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024


1. STATUTORY INFORMATION

Poly Berr Properties Limited is a private company limited by share capital, incorporated in England and Wales, registration number 12231618. The address of the registered office and principle place of business is 23 Princess Road, Stockport, SK4 3NQ.

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.

Turnover principally consists of rental income from investment properties.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods.

Fixtures & fittings - 15% Reducing Balance

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank. Bank borrowings are included within creditors.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they stated at cost.

POLLY BERR PROPERTIES LIMITED (REGISTERED NUMBER: 12231618)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st February 2023
and 31st January 2024 12,291
DEPRECIATION
At 1st February 2023 3,924
Charge for year 1,255
At 31st January 2024 5,179
NET BOOK VALUE
At 31st January 2024 7,112
At 31st January 2023 8,367

5. INVESTMENT PROPERTY
Total
£   
COST
At 1st February 2023 1,941,903
Additions 6,675
At 31st January 2024 1,948,578
NET BOOK VALUE
At 31st January 2024 1,948,578
At 31st January 2023 1,941,903

The directors believe the valuation of the property at the balance sheet to be that of fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,996 1,769

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 11,780 780
Taxation and social security 7,764 5,156
Other creditors 1,981,960 1,965,311
2,001,504 1,971,247

POLLY BERR PROPERTIES LIMITED (REGISTERED NUMBER: 12231618)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100