Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-04-01No description of principal activity22truetruefalse 08463742 2023-04-01 2024-03-31 08463742 2022-04-01 2023-03-31 08463742 2024-03-31 08463742 2023-03-31 08463742 c:Director1 2023-04-01 2024-03-31 08463742 d:OfficeEquipment 2023-04-01 2024-03-31 08463742 d:OtherPropertyPlantEquipment 2024-03-31 08463742 d:OtherPropertyPlantEquipment 2023-03-31 08463742 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08463742 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 08463742 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 08463742 d:CurrentFinancialInstruments 2024-03-31 08463742 d:CurrentFinancialInstruments 2023-03-31 08463742 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08463742 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08463742 d:ShareCapital 2024-03-31 08463742 d:ShareCapital 2023-03-31 08463742 d:SharePremium 2024-03-31 08463742 d:SharePremium 2023-03-31 08463742 d:RetainedEarningsAccumulatedLosses 2024-03-31 08463742 d:RetainedEarningsAccumulatedLosses 2023-03-31 08463742 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08463742 c:OrdinaryShareClass1 2024-03-31 08463742 c:OrdinaryShareClass1 2023-03-31 08463742 c:OrdinaryShareClass2 2023-04-01 2024-03-31 08463742 c:OrdinaryShareClass2 2024-03-31 08463742 c:OrdinaryShareClass2 2023-03-31 08463742 c:OrdinaryShareClass4 2023-04-01 2024-03-31 08463742 c:OrdinaryShareClass4 2024-03-31 08463742 c:OrdinaryShareClass4 2023-03-31 08463742 c:FRS102 2023-04-01 2024-03-31 08463742 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08463742 c:FullAccounts 2023-04-01 2024-03-31 08463742 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08463742 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-04-01 2024-03-31 08463742 2 2023-04-01 2024-03-31 08463742 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-04-01 2024-03-31 08463742 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08463742









POLEMUR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
POLEMUR LIMITED
REGISTERED NUMBER: 08463742

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
134,195
201,099

Tangible assets
 5 
499
749

  
134,694
201,848

Current assets
  

Debtors: amounts falling due within one year
 6 
3,631
10,412

Cash at bank and in hand
 7 
144,966
446,229

  
148,597
456,641

Creditors: amounts falling due within one year
 8 
(401,900)
(408,746)

Net current (liabilities)/assets
  
 
 
(253,303)
 
 
47,895

Total assets less current liabilities
  
(118,609)
249,743

  

Net (liabilities)/assets
  
(118,609)
249,743


Capital and reserves
  

Called up share capital 
 9 
119
119

Share premium account
  
1,721,695
1,721,695

Profit and loss account
  
(1,840,423)
(1,472,071)

  
(118,609)
249,743


Page 1

 
POLEMUR LIMITED
REGISTERED NUMBER: 08463742
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 25 March 2025.




K Chliaifchtein
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
POLEMUR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Polemur Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is Regina House, 124 Finchley Road, London, NW3 5JS. The address of its principal place of business is 7th Floor, 1 Knightsbridge Green, London, SW1X 7NE. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

These accounts have been prepared under the going concern basis, on the understanding that the
director will continue to provide financial support to the company.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Revenue

Revenue comprises commissions receivable and is recognised in the statement of comprehensive income in the period it is contractually due.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
POLEMUR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Intangible assets relate to the costs of developing the application and are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
POLEMUR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Application development

£



Cost


At 1 April 2023
1,440,346


Additions
276,459



At 31 March 2024

1,716,805



Amortisation


At 1 April 2023
1,239,247


Charge for the year on owned assets
343,363



At 31 March 2024

1,582,610



Net book value



At 31 March 2024
134,195



At 31 March 2023
201,099



Page 5

 
POLEMUR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 April 2023
15,958



At 31 March 2024

15,958



Depreciation


At 1 April 2023
15,209


Charge for the year on owned assets
250



At 31 March 2024

15,459



Net book value



At 31 March 2024
499



At 31 March 2023
749


6.


Debtors

2024
2023
£
£


Other debtors
3,267
10,047

Prepayments and accrued income
364
365

3,631
10,412



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
144,966
446,229

144,966
446,229


Page 6

 
POLEMUR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
35,417
28,634

Amounts owed to group undertakings
361,548
361,548

Other creditors
935
14,564

Accruals and deferred income
4,000
4,000

401,900
408,746



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



9,160 (2023 - 9,160) ''A'' Ordinary shares of £0.01 each
92
92
2,615 (2023 - 2,588) ''B'' Ordinary shares of £0.01 each
26
26
73 (2023 - 73) ''D'' Ordinary shares of £0.01 each
1
1

119

119



10.


Related party transactions

At the balance sheet date, the company owed £341,640 (2023: £341,640) to K Chliaifchtein, a director of the company. The amounts are interest free, unsecured and repayable on demand.

 
Page 7