Company registration number 13651468 (England and Wales)
POLARIS PRIVATE WEALTH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
POLARIS PRIVATE WEALTH LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
POLARIS PRIVATE WEALTH LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
31 October 2024
31 December 2023
Notes
£
£
£
£
Current assets
Debtors
35,596
5,657
Cash at bank and in hand
1,277
24,119
36,873
29,776
Creditors: amounts falling due within one year
(72,171)
(25,549)
Net current (liabilities)/assets
(35,298)
4,227
Capital and reserves
Called up share capital
3
100
100
Profit and loss reserves
(35,398)
4,127
Total equity
(35,298)
4,227
For the financial Period ended 31 October 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 Period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 29 July 2025 and are signed on its behalf by:
Mr A J F Morley
Director
Company registration number 13651468 (England and Wales)
POLARIS PRIVATE WEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
Polaris Private Wealth Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 22 The Tything, Worcester, United Kingdom, WR1 1HD.
1.1
Reporting period
These financial statements are prepared for a period of less than 12 months, as the accounting reference date has been changed to coincide with the year-end of other group companies following its acquisition by Cardan Financial Group Ltd in October 2024. As the comparative amounts presented in the financial statements (including the related notes) are for a 12-month period, the amounts are not entirely comparable with the current period figures.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised at the point of invoicing.
1.4
Taxation
Taxation for the period 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 statement of financial position date.
1.5
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.
POLARIS PRIVATE WEALTH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2024
2023
Number
Number
Total
2
2
3
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100