Acorah Software Products - Accounts Production 16.1.200 false true false 17 April 2023 30 April 2024 30 April 2024 SC766239 Professor Gordon Hughes true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC766239 2023-04-16 SC766239 2024-04-30 SC766239 2023-04-17 2024-04-30 SC766239 frs-core:CurrentFinancialInstruments 2024-04-30 SC766239 frs-core:ShareCapital 2024-04-30 SC766239 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC766239 frs-bus:PrivateLimitedCompanyLtd 2023-04-17 2024-04-30 SC766239 frs-bus:FilletedAccounts 2023-04-17 2024-04-30 SC766239 frs-bus:SmallEntities 2023-04-17 2024-04-30 SC766239 frs-bus:AuditExempt-NoAccountantsReport 2023-04-17 2024-04-30 SC766239 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-17 2024-04-30 SC766239 1 2023-04-17 2024-04-30 SC766239 frs-bus:Director1 2023-04-17 2024-04-30 SC766239 frs-countries:Scotland 2023-04-17 2024-04-30
Registered number: SC766239
Polare AI Limited
Unaudited Financial Statements
For the Period 17 April 2023 to 30 April 2024
GM Accounting Limited
Chartered Certified Accountants
41 Kilmaurs Road
Edinburgh
EH16 5DB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: SC766239
30 April 2024
Notes £ £
CURRENT ASSETS
Debtors 4 1,378
Cash at bank and in hand 19,841
21,219
Creditors: Amounts Falling Due Within One Year 5 (53,937 )
NET CURRENT ASSETS (LIABILITIES) (32,718 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,718 )
NET LIABILITIES (32,718 )
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account (32,818 )
SHAREHOLDERS' FUNDS (32,718)
For the period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Professor Gordon Hughes
Director
13/01/2025
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Polare AI Limited is a private company, limited by shares, incorporated in Scotland, registered number SC766239 . The registered office is Highfield, Stobo, Peebles, EH45 8NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Debtors
30 April 2024
£
Due within one year
Other debtors 1,378
5. Creditors: Amounts Falling Due Within One Year
30 April 2024
£
Other loans 53,076
Other creditors 861
53,937
6. Share Capital
30 April 2024
£
Allotted, Called up and fully paid 100
7. Related Party Transactions
As at 30 April 2024 a net loan of £38,601 was owed to Economic and Statistical Services (Edinburgh) Limited, the company's controlling party.  A loan of £13,176 was also owed to Polare Research Limited which is also a subsidiary of Economic and Statistical Services (Edinburgh) Limited.
As at 30 April 2024 £186 was due to Professor Gordon Hughes, company director.
The balance as at 30 April 2024 was the maximum amount owed to Professor Hughes in the accounting period.
All of the above loans are interest free and repayable on demand.
8. Ultimate Controlling Party
The company's immediate parent undertaking is Economic and Statistical Services (Edinburgh) Limited. This company was incorporated in Scotland. The ultimate controlling party is Professor Gordon Hughes by virtue of him holding a controlling  interest in Economic and Statistical Services (Edinburgh) Limited.
Page 2