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REGISTERED NUMBER: 01653658 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

POLLYPLAS LIMITED

POLLYPLAS LIMITED (REGISTERED NUMBER: 01653658)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


POLLYPLAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs J Bolton
Mr D Bolton





SECRETARY: Mr D Bolton





REGISTERED OFFICE: 175 Fearnhead Lane
Fearnhead
Warrington
Cheshire
WA2 0BZ





REGISTERED NUMBER: 01653658 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

POLLYPLAS LIMITED (REGISTERED NUMBER: 01653658)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198 295
Investment property 5 390,000 700,000
390,198 700,295

CURRENT ASSETS
Debtors 6 1,339 343
Cash at bank 280,950 98,630
282,289 98,973
CREDITORS
Amounts falling due within one year 7 12,809 13,713
NET CURRENT ASSETS 269,480 85,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,678

785,555

PROVISIONS FOR LIABILITIES 8 59,318 94,675
NET ASSETS 600,360 690,880

CAPITAL AND RESERVES
Called up share capital 9 77 77
Fair value reserve 10 275,874 404,383
Retained earnings 324,409 286,420
SHAREHOLDERS' FUNDS 600,360 690,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

POLLYPLAS LIMITED (REGISTERED NUMBER: 01653658)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





Mr D Bolton - Director


POLLYPLAS LIMITED (REGISTERED NUMBER: 01653658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Pollyplas Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
The company acts as lessor of properties and all turnover relates to this activity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

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 and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

POLLYPLAS LIMITED (REGISTERED NUMBER: 01653658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 3,341
DEPRECIATION
At 1 October 2023 3,046
Charge for year 97
At 30 September 2024 3,143
NET BOOK VALUE
At 30 September 2024 198
At 30 September 2023 295

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 700,000
Disposals (175,000 )
Revaluations (135,000 )
At 30 September 2024 390,000
NET BOOK VALUE
At 30 September 2024 390,000
At 30 September 2023 700,000

The property is held for use in operating leases.

The Investment property was valued on a fair value basis on 30th September 2024 by the directors.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Other debtors 1,339 343

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Taxation and social security 8,862 9,066
Other creditors 3,947 4,647
12,809 13,713

POLLYPLAS LIMITED (REGISTERED NUMBER: 01653658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£    £   
Deferred tax 59,318 94,675

Deferred
tax
£   
Balance at 1 October 2023 94,675
Profit and Loss account (35,357 )
Balance at 30 September 2024 59,318

The deferred tax provision arises as a result of accelerated capital allowances and the revaluation of investment properties and listed investments.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
77 Ordinary £1 77 77

10. RESERVES
Fair
value
reserve
£   
At 1 October 2023 404,383
Reserve transfer (128,509 )

At 30 September 2024 275,874