REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 DECEMBER 2023 TO 30 JUNE 2024 |
FOR |
POLVENTON LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 DECEMBER 2023 TO 30 JUNE 2024 |
FOR |
POLVENTON LIMITED |
POLVENTON LIMITED (REGISTERED NUMBER: 15321220) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2023 TO 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
POLVENTON LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 DECEMBER 2023 TO 30 JUNE 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
and Registered Auditors |
Admiral House |
Waterfront East |
Brierley Hill |
West Midlands |
DY5 1XG |
POLVENTON LIMITED (REGISTERED NUMBER: 15321220) |
BALANCE SHEET |
30 JUNE 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
The financial statements were approved by the Board of Directors and authorised for issue on |
POLVENTON LIMITED (REGISTERED NUMBER: 15321220) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2023 TO 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Polventon Limited is a private company limited by shares and incorporated in England, registered number 15321220. Its registered office is Admiral House, Waterfront East, Brierley Hill, West Midlands, DY5 1XG. |
The financial statements are presented in Sterling, which is the functional currency of the company. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was |
POLVENTON LIMITED (REGISTERED NUMBER: 15321220) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2023 TO 30 JUNE 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
On 1 December 2023, the company was formed with an issued share capital of one £1 Ordinary share which was paid for in cash at par value. |
On 12 March 2024, a further 49 £1 Ordinary shares were issued in exchange for 50 shares in Jamberoo Limited, along with the original subscriber share. |
On 27 March 2024 these shares were reclassified into 200 Ordinary shares of £0.25 each, which were then reclassified as 10 £0.25 A Ordinary shares and 190 £0.25 B Ordinary shares. |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |