Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsefalseNo description of principal activity11true 09276179 2023-01-01 2023-12-31 09276179 2022-01-01 2022-12-31 09276179 2023-12-31 09276179 2022-12-31 09276179 c:Director1 2023-01-01 2023-12-31 09276179 d:CurrentFinancialInstruments 2023-12-31 09276179 d:CurrentFinancialInstruments 2022-12-31 09276179 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09276179 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09276179 d:ShareCapital 2023-12-31 09276179 d:ShareCapital 2022-12-31 09276179 d:RetainedEarningsAccumulatedLosses 2023-12-31 09276179 d:RetainedEarningsAccumulatedLosses 2022-12-31 09276179 c:FRS102 2023-01-01 2023-12-31 09276179 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09276179 c:FullAccounts 2023-01-01 2023-12-31 09276179 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09276179 6 2023-01-01 2023-12-31 09276179 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 09276179









POLARIS CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
POLARIS CAPITAL LIMITED
REGISTERED NUMBER: 09276179

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,602,900
1,602,900

Current assets
  

Debtors: amounts falling due within one year
 5 
3,218,631
3,218,631

Cash at bank and in hand
  
1
1

  
3,218,632
3,218,632

Creditors: amounts falling due within one year
 6 
(4,820,149)
(4,817,629)

Net current liabilities
  
 
 
(1,601,517)
 
 
(1,598,997)

Net assets
  
1,383
3,903


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
1,382
3,902

  
1,383
3,903


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 January 2025.




S Shah
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
POLARIS CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Polaris Capital Limited ("the Company") is a Company limited by shares, incorporated in England and Wales. Its registered office is C/O Meaby & Co Solicitors LLP, 25 Upper Brook Street, London, W1K 7QD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As part of the going concern review, the directors have followed the guidelines published by the Financial Reporting Council entitled "Going Concern and Liquidity Risk Guidance for UK Companies 2009". The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors consider that the going concern basis of accounting remains appropriate.

 
2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2022 - 1).


Page 2

 
POLARIS CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
1,602,900



At 31 December 2023
1,602,900





5.


Debtors

2023
2022
£
£


Other debtors
3,218,631
3,218,631



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,800

Other creditors
4,815,649
4,811,905

Accruals and deferred income
4,500
3,924

4,820,149
4,817,629



7.


Controlling party

In the opinion of the directors, the Company's parent company is Polaris Capital (One) Limited, a company incorporated in England and Wales. The ultimate parent company is Elysium Gobal Limited, a company incorporated in British Virgin Islands.

 
Page 3