Acorah Software Products - Accounts Production 16.1.300 true true 29 March 2023 1 October 2021 false 30 March 2023 29 March 2024 29 March 2024 04786723 Dr Nicholas Horniman Mrs Amanda Johnson-Horniman Miss Rosabella Hine Mr Richard Hine Mr Nicholas Hine Mrs Richenda Hine Mrs Richenda Hine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04786723 2023-03-29 04786723 2024-03-29 04786723 2023-03-30 2024-03-29 04786723 frs-core:CurrentFinancialInstruments 2024-03-29 04786723 frs-core:Non-currentFinancialInstruments 2024-03-29 04786723 frs-core:FurnitureFittings 2023-03-30 2024-03-29 04786723 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-30 2024-03-29 04786723 frs-core:MotorVehicles 2023-03-30 2024-03-29 04786723 frs-core:SharePremium 2024-03-29 04786723 frs-core:ShareCapital 2024-03-29 04786723 frs-core:RetainedEarningsAccumulatedLosses 2024-03-29 04786723 frs-bus:PrivateLimitedCompanyLtd 2023-03-30 2024-03-29 04786723 frs-bus:FilletedAccounts 2023-03-30 2024-03-29 04786723 frs-bus:SmallEntities 2023-03-30 2024-03-29 04786723 frs-bus:EntityNoLongerTradingButTradedInPast 2023-03-30 2024-03-29 04786723 frs-bus:AuditExempt-NoAccountantsReport 2023-03-30 2024-03-29 04786723 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-30 2024-03-29 04786723 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-30 2024-03-29 04786723 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-29 04786723 frs-bus:Director1 2023-03-30 2024-03-29 04786723 frs-bus:Director1 2023-03-29 04786723 frs-bus:Director1 2024-03-29 04786723 frs-bus:Director2 2023-03-30 2024-03-29 04786723 frs-bus:Director2 2023-03-29 04786723 frs-bus:Director2 2024-03-29 04786723 frs-bus:Director3 2023-03-30 2024-03-29 04786723 frs-bus:Director4 2023-03-30 2024-03-29 04786723 frs-bus:Director4 2023-03-29 04786723 frs-bus:Director4 2024-03-29 04786723 frs-bus:Director5 2023-03-30 2024-03-29 04786723 frs-bus:Director5 2023-03-29 04786723 frs-bus:Director5 2024-03-29 04786723 frs-bus:Director6 2023-03-30 2024-03-29 04786723 frs-bus:Director6 2023-03-29 04786723 frs-bus:Director6 2024-03-29 04786723 frs-bus:CompanySecretary1 2023-03-30 2024-03-29 04786723 frs-countries:EnglandWales 2023-03-30 2024-03-29 04786723 2021-09-30 04786723 2023-03-29 04786723 2021-10-01 2023-03-29 04786723 frs-core:CurrentFinancialInstruments 2023-03-29 04786723 frs-core:Non-currentFinancialInstruments 2023-03-29 04786723 frs-core:SharePremium 2023-03-29 04786723 frs-core:ShareCapital 2023-03-29 04786723 frs-core:RetainedEarningsAccumulatedLosses 2023-03-29
Registered number: 04786723
Polo Pubs Limited
Unaudited Financial Statements
For The Year Ended 29 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04786723
29 March 2024 29 March 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 246,852 246,852
Cash at bank and in hand 30,912 30,912
277,764 277,764
Creditors: Amounts Falling Due Within One Year 5 (29,017 ) (29,017 )
NET CURRENT ASSETS (LIABILITIES) 248,747 248,747
TOTAL ASSETS LESS CURRENT LIABILITIES 248,747 248,747
NET ASSETS 248,747 248,747
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Share premium account 449,005 449,005
Profit and Loss Account (201,258 ) (201,258 )
SHAREHOLDERS' FUNDS 248,747 248,747
For the year ending 29 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Nicholas Hine
Director
10/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Polo Pubs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04786723 . The registered office is Hill Farm Studios, Wainlode Lane, Norton, Gloucester, Gloucestershire, GL2 9LN.
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/a
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 18)
- 18
4. Debtors
29 March 2024 29 March 2023
£ £
Due within one year
Directors' loan accounts - 246,852
Due after more than one year
Directors loan account 246,852 -
246,852 246,852
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
29 March 2024 29 March 2023
£ £
Other creditors 28,425 28,425
Taxation and social security 592 592
29,017 29,017
6. Share Capital
29 March 2024 29 March 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 March 2024
£ £ £ £ £
Dr Nicholas Horniman 97,000 - - - 97,000
Miss Rosabella Hine 29,500 - - - 29,500
Mr Richard Hine 29,500 - - - 29,500
Mr Nicholas Hine 31,852 - - - 31,852
Mrs Richenda Hine 29,500 - - - 29,500
The above loan is unsecured, interest free and repayable on demand.
8. Reserves
Fair Value Reserve
£
Transfer to profit and loss -
As at 29 March 2024 -
Page 3