| REGISTERED NUMBER: |
| Polishcolt Offices Ltd |
| Financial Statements |
| for the Year Ended 31 December 2024 |
| REGISTERED NUMBER: |
| Polishcolt Offices Ltd |
| Financial Statements |
| for the Year Ended 31 December 2024 |
| Polishcolt Offices Ltd (Registered number: 13550166) |
| Contents of the Financial Statements |
| for the year ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Polishcolt Offices Ltd |
| Company Information |
| for the year ended 31 December 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors |
| Chartered Accountants |
| Irish Square |
| Upper Denbigh Road |
| St Asaph |
| Denbighshire |
| LL17 0RN |
| Polishcolt Offices Ltd (Registered number: 13550166) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The financial statements were approved by the director and authorised for issue on |
| Polishcolt Offices Ltd (Registered number: 13550166) |
| Notes to the Financial Statements |
| for the year ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Polishcolt Offices Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The directors intend to liquidate the company after the year end. On this basis, the accounts have been prepared on a break up basis. The company's assets have been written down to reflect the reduced value. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Taxation |
| Taxation for the year 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 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. |
| 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. |
| Going concern |
| The directors consider that the company will be able to meet it's liabilities as they fall due. |
| The accounts have been prepared on a going concern basis which the director considers to be appropriate. |
| This basis is dependent upon the continued support of the company's immediate parent undertaking. |
| The financial statements do not include any adjustment that would result from the withdrawal of this support. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Polishcolt Offices Ltd (Registered number: 13550166) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2024 |
| 4. | DEBTORS |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| VAT | - | 20,974 |
| Other creditors |
| Accruals and deferred income |
| 6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 7. | RELATED PARTY DISCLOSURES |
| The director considers that all transactions with related parties have been concluded under normal market conditions. |
| 8. | POST BALANCE SHEET EVENTS |
| The company's tenant moved out in January 2024, and no further tenancy agreements have been issued. |
| Since the year end, the company has settled all liabilities apart from a loan with parent company and remained in a semi-dormant state. Management intend to formally liquidate the company during 2025. As a result, these accounts have been prepared on a break-up basis. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| The immediate parent undertaking is Polishcolt Enterprises Limited, whose registered address is PO Box 3159, Road Town, Tortola, British Virgin Islands and whose trading address is Puddle Dock, Blackfriars, London EC4V 3DB. |