REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024 |
FOR |
POLLY BERR LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
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 were approved by the Board of Directors and authorised for issue on |
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 |
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 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st February 2023 | 10,847,710 |
Disposals | ( |
) | (748,540 | ) |
Revaluations | 430,070 |
Dividends received | - | 64,180 | 64,180 |
At 31st January 2024 | 10,593,420 |
NET BOOK VALUE |
At 31st January 2024 | 10,593,420 |
At 31st January 2023 | 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 |
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 |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Other creditors |
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. |