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REGISTERED NUMBER: 13550166 (England and Wales)










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: Mr R E Littman





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 13550166 (England and Wales)





AUDITORS: Salisbury & Company Business Solutions Limited
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 1,872 82,901
Cash at bank 41,397 210,075
43,269 292,976
CREDITORS
Amounts falling due within one year 5 52,707 288,228
NET CURRENT (LIABILITIES)/ASSETS (9,438 ) 4,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,438

)

4,748

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,439 ) 4,747
SHAREHOLDERS' FUNDS (9,438 ) 4,748

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 5 June 2025 and were signed by:





Mr R E Littman - Director


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 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.

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 1 (2023 - 1 ) .

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 - 26,754
Other debtors 30 -
VAT 1,842 -
Prepayments and accrued income - 48,900
1,872 75,654

Amounts falling due after more than one year:
Amounts owed by group undertakings - 7,247

Aggregate amounts 1,872 82,901

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,321 34,471
Amounts owed to group undertakings 48,886 -
VAT - 20,974
Other creditors - 84,800
Accruals and deferred income 2,500 147,983
52,707 288,228

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jason Matischok FMAAT FCA (Senior Statutory Auditor)
for and on behalf of Salisbury & Company Business Solutions Limited

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 Plumtree Investments Limited.

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.