Polaris Properties Limited |
Registered Number:08781690 |
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2024
Polaris Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Polaris Properties Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
1,167,639
538,833
2
1,167,639
538,833
Trade and other receivables |
-
9,196
3
1,022
Cash and cash equivalents |
218,807
228,003
1,022
Trade and other payables: amounts falling due within one |
year |
(726,909)
(562,526)
4
(725,887)
(334,523)
Net current liabilities
Total assets less current liabilities |
833,116
(187,054)
Trade and other payables: amounts falling due after more |
than one year |
-
(962,404)
5
(129,288)
Net liabilities
(187,054)
100
100
(129,388)
(187,154)
(129,288)
(187,054)
Shareholders' funds
For the year ended 30 November 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Norman Henderson Director |
Mrs Barbara Henderson Director |
These financial statements were approved and authorised for issue by the Board on 10 March 2025 and were signed by: |
The notes form part of these financial statements |
1 of 3
For the year ended 30 November 2024
Polaris Properties Limited
Notes to the Financial Statements
Statutory Information
Polaris Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 08781690. |
Langley House
Lepe Road, Blackfield
Southampton
SO45 1YT
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 3
For the year ended 30 November 2024
Polaris Properties Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
544,270
2,885
3,885
537,500
633,139
6,350
13,645
613,144
(2,885)
(3,885)
-
(6,770)
1,150,644
13,645
6,350
1,170,639
Provision for depreciation and impairment |
5,437
2,318
3,119
-
Charge for year
3,000
953
2,047
-
(5,437)
(2,318)
(3,119)
-
3,000
953
2,047
-
1,150,644
11,598
5,397
1,167,639
537,500
766
567
538,833
3. Trade and other receivables |
2023
2024
Amounts owed by group undertakings and participating interests |
9,196
-
4. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
31,124
40,625
531,402
686,284
562,526
726,909
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
962,404
-
6. Average number of persons employed |
During the year the average number of employees was 0
3 of 3