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REGISTERED NUMBER: 04403009 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Pole Star Projects Ltd

Pole Star Projects Ltd (Registered number: 04403009)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pole Star Projects Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr D Lyneham-Brown





REGISTERED OFFICE: Alexander House
213 Melton Road
Edwalton
Nottinghamshire
NG12 4AF





REGISTERED NUMBER: 04403009 (England and Wales)





ACCOUNTANTS: TC Group
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

Pole Star Projects Ltd (Registered number: 04403009)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 289,127 289,127

CURRENT ASSETS
Debtors 5 8,500 4,250
Cash at bank 17,194 7,751
25,694 12,001
CREDITORS
Amounts falling due within one year 6 135,547 132,161
NET CURRENT LIABILITIES (109,853 ) (120,160 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,274

168,967

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 179,272 168,965
SHAREHOLDERS' FUNDS 179,274 168,967

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 May 2025 and were signed by:





Mr D Lyneham-Brown - Director


Pole Star Projects Ltd (Registered number: 04403009)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Pole Star Projects Ltd 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 represents net property rentals receivable, excluding value added tax.

Investment property
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the Statement of Comprehensive Income.

This is in accordance with FRS 102 1A which, unlike Part 15 to the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Taxation
Taxation for the year 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 year 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 year was 2 (2023 - 2 ) .

Pole Star Projects Ltd (Registered number: 04403009)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 289,127
NET BOOK VALUE
At 31 August 2024 289,127
At 31 August 2023 289,127

The investment properties were revalued by the director at the balance sheet date at open market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 8,500 4,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors - 1,350
Taxation and social security 9,439 6,727
Other creditors 126,108 124,084
135,547 132,161

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2