IRIS Accounts Production v24.2.0.383 11135331 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111353312023-01-31111353312024-01-31111353312023-02-012024-01-31111353312022-01-31111353312022-02-012023-01-31111353312023-01-3111135331ns15:EnglandWales2023-02-012024-01-3111135331ns14:PoundSterling2023-02-012024-01-3111135331ns10:Director12023-02-012024-01-3111135331ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3111135331ns10:SmallEntities2023-02-012024-01-3111135331ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3111135331ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3111135331ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3111135331ns10:FullAccounts2023-02-012024-01-3111135331ns10:Director22023-02-012024-01-3111135331ns10:RegisteredOffice2023-02-012024-01-3111135331ns5:CurrentFinancialInstruments2024-01-3111135331ns5:CurrentFinancialInstruments2023-01-3111135331ns5:Non-currentFinancialInstruments2024-01-3111135331ns5:Non-currentFinancialInstruments2023-01-3111135331ns5:ShareCapital2024-01-3111135331ns5:ShareCapital2023-01-3111135331ns5:RetainedEarningsAccumulatedLosses2024-01-3111135331ns5:RetainedEarningsAccumulatedLosses2023-01-3111135331ns5:CostValuation2023-01-3111135331ns5:DisposalsRepaymentsInvestments2024-01-3111135331ns5:RevaluationsIncreaseDecreaseInInvestments2024-01-3111135331ns5:CostValuation2024-01-31
REGISTERED NUMBER: 11135331 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

POLLY BERR LIMITED

POLLY BERR LIMITED (REGISTERED NUMBER: 11135331)

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 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: 11135331 (England and Wales)





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

POLLY BERR LIMITED (REGISTERED NUMBER: 11135331)

BALANCE SHEET
31st January 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Investments 4 10,593,420 10,847,710

CURRENT ASSETS
Debtors 5 11,780 780
Cash at bank 188 188
11,968 968
CREDITORS
Amounts falling due within one year 6 (78,753 ) (2,410 )
NET CURRENT LIABILITIES (66,785 ) (1,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,526,635

10,846,268

CREDITORS
Amounts falling due after more than one
year

7

(9,072,548

)

(10,140,576

)

PROVISIONS FOR LIABILITIES (242,822 ) (135,305 )
NET ASSETS 1,211,265 570,387

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 1,210,265 569,387
1,211,265 570,387

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 LIMITED (REGISTERED NUMBER: 11135331)

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 LIMITED (REGISTERED NUMBER: 11135331)

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


1. STATUTORY INFORMATION

Polly Berr Limited is a private company, limited by shares, registered in England and Wales, registration number 11135331. The address of the registered office and principal place of business is 23 Princes Road, Stockport, United Kingdom, 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Polly Berr Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation
Taxation for the year comprises current and deferred 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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

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.

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 are stated at cost.

POLLY BERR LIMITED (REGISTERED NUMBER: 11135331)

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


2. ACCOUNTING POLICIES - continued

Investments
Investments are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Investment compromise of a portfolio of listed shares.

Investments in subsidiaries are measured at cost less any impairment.

Investment income
Investment income is represented by the amounts received during the year from investments made. Included in this is dividends received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1st February 2023 100 10,847,610 10,847,710
Disposals - (748,540 ) (748,540 )
Revaluations - 430,070 430,070
Dividends received - 64,180 64,180
At 31st January 2024 100 10,593,320 10,593,420
NET BOOK VALUE
At 31st January 2024 100 10,593,320 10,593,420
At 31st January 2023 100 10,847,610 10,847,710

Cost or valuation at 31st January 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2024 - 10,593,320 10,593,320
Cost 100 - 100
100 10,593,320 10,593,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed by group undertakings 11,780 780

POLLY BERR LIMITED (REGISTERED NUMBER: 11135331)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Taxation and social security 76,178 -
Other creditors 2,575 2,410
78,753 2,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Other creditors 9,072,548 10,140,576

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number:

Class
Nominal
Value:

2023


2022
£ £
400 Ordinary A £1 400 400
400 Ordinary B £1 400 400
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
1000 1000

9. RELATED PARTY DISCLOSURES

Included in other creditors is a balance owed to the directors of £9,072,548 (2023: £4,261,970).

At the reporting date, the company was owed £11,780 (2023: £780) from its subsidiary Polly Berr Properties Limited.