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REGISTERED NUMBER: 12876296 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

PROFESSOR MICHAEL POLKEY LTD

PROFESSOR MICHAEL POLKEY LTD (REGISTERED NUMBER: 12876296)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROFESSOR MICHAEL POLKEY LTD

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Dr K M Le Ball
Dr M I Polkey





REGISTERED OFFICE: 2 St Marys Road
Tonbridge
Kent
TN9 2LB





REGISTERED NUMBER: 12876296 (England and Wales)





ACCOUNTANTS: Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB

PROFESSOR MICHAEL POLKEY LTD (REGISTERED NUMBER: 12876296)

Balance Sheet
31 March 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 26,779 30,932

CURRENT ASSETS
Stocks 14,000 13,125
Debtors 5 72,507 89,058
Investments 6 535,727 198,702
Cash at bank 415,277 510,413
1,037,511 811,298
CREDITORS
Amounts falling due within one year 7 (90,694 ) (90,400 )
NET CURRENT ASSETS 946,817 720,898
TOTAL ASSETS LESS CURRENT LIABILITIES 973,596 751,830

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 973,496 751,730
SHAREHOLDERS' FUNDS 973,596 751,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PROFESSOR MICHAEL POLKEY LTD (REGISTERED NUMBER: 12876296)

Balance Sheet - continued
31 March 2025


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 Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





Dr M I Polkey - Director


PROFESSOR MICHAEL POLKEY LTD (REGISTERED NUMBER: 12876296)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Professor Michael Polkey 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


PROFESSOR MICHAEL POLKEY LTD (REGISTERED NUMBER: 12876296)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 April 2024 - 1,131 54,990 56,121
Additions 4,494 280 - 4,774
At 31 March 2025 4,494 1,411 54,990 60,895
DEPRECIATION
At 1 April 2024 - 1,131 24,058 25,189
Charge for year 1,124 70 7,733 8,927
At 31 March 2025 1,124 1,201 31,791 34,116
NET BOOK VALUE
At 31 March 2025 3,370 210 23,199 26,779
At 31 March 2024 - - 30,932 30,932

PROFESSOR MICHAEL POLKEY LTD (REGISTERED NUMBER: 12876296)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. DEBTORS
2025 2024
£ £
Amounts falling due within one year:
Trade debtors 47,197 47,912
Other debtors 1,500 1,000
48,697 48,912

Amounts falling due after more than one year:
Other debtors 23,810 40,146

Aggregate amounts 72,507 89,058

6. CURRENT ASSET INVESTMENTS
2025 2024
£ £
Listed investments 513,727 176,702
Unlisted investments 22,000 22,000
535,727 198,702

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors - 1
Tax 74,312 85,114
Social security and other taxes 3,858 1,632
Other creditors 918 -
Directors' current accounts 8,294 903
Accrued expenses 3,312 2,750
90,694 90,400

PROFESSOR MICHAEL POLKEY LTD (REGISTERED NUMBER: 12876296)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £ £
50 Share capital 1 £1 50 50
20 Share capital 2 £1 30 30
30 Share capital 3 £1 20 20
100 100

9. RESERVES
Retained
earnings
£

At 1 April 2024 751,730
Profit for the year 223,766
Dividends (2,000 )
At 31 March 2025 973,496