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REGISTERED NUMBER: 11322573 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 OCTOBER 2024

FOR

POLESTAR DEVELOPMENT MANAGEMENT LIMITED

POLESTAR DEVELOPMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 11322573)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POLESTAR DEVELOPMENT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2023 TO 31 OCTOBER 2024







DIRECTOR: B A Wharton





SECRETARY: H C Wharton





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 11322573 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

POLESTAR DEVELOPMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 11322573)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,456 2,478

CURRENT ASSETS
Debtors 5 4,751 124,926
Cash at bank 124,889 60,735
129,640 185,661
CREDITORS
Amounts falling due within one year 6 117,908 147,296
NET CURRENT ASSETS 11,732 38,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,188

40,843

CREDITORS
Amounts falling due after more than one
year

7

(11,666

)

(41,667

)

PROVISIONS FOR LIABILITIES 9 (364 ) (471 )
NET ASSETS/(LIABILITIES) 1,158 (1,295 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 1,157 (1,296 )
SHAREHOLDERS' FUNDS 1,158 (1,295 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 3 April 2025 and were signed by:




B A Wharton - Director


POLESTAR DEVELOPMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 11322573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2023 TO 31 OCTOBER 2024


1. STATUTORY INFORMATION

Polestar Development Management 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.

Turnover
Turnover, representing invoiced sales of consultancy services less Value Added Tax, is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Consultancy services are recognised as turnover in the period in which they are provided.

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 - 25% on cost

Taxation
Taxation for the period 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 tax 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

POLESTAR DEVELOPMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 11322573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 4,961
Additions 1,428
Disposals (563 )
At 31 October 2024 5,826
DEPRECIATION
At 1 May 2023 2,483
Charge for period 2,344
Eliminated on disposal (457 )
At 31 October 2024 4,370
NET BOOK VALUE
At 31 October 2024 1,456
At 30 April 2023 2,478

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 30.4.23
£    £   
Other debtors 4,751 124,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 30.4.23
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors - 1,111
Taxation and social security 86,288 15,071
Other creditors 11,620 111,114
117,908 147,296

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 30.4.23
£    £   
Bank loans 11,666 41,667

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 30.4.23
£    £   
HSBC Bank Loan 31,667 61,667

HSBC UK Bank PLC hold a charge, dated 15 May 2020, over all assets of the company.

POLESTAR DEVELOPMENT MANAGEMENT LIMITED (REGISTERED NUMBER: 11322573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2023 TO 31 OCTOBER 2024


9. PROVISIONS FOR LIABILITIES
31.10.24 30.4.23
£    £   
Deferred tax 364 471

Deferred
tax
£   
Balance at 1 May 2023 471
Provided during period (107 )
Balance at 31 October 2024 364

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 30.4.23
value: £    £   
10 Ordinary £0.10 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 October 2024 and the year ended 30 April 2023:

31.10.24 30.4.23
£    £   
Director
Balance outstanding at start of period 2,507 (4,578 )
Amounts advanced 9,730 (9,603 )
Amounts repaid (9,991 ) 16,688
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 2,246 2,507

Director
Balance outstanding at start of period - (2,528 )
Amounts advanced - 2,528
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

The loans are interest free.