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REGISTERED NUMBER: 15085469 (England and Wales)















Financial Statements for the Period 21 August 2023 to 31 December 2024

for

Polene UK Ltd

Polene UK Ltd (Registered number: 15085469)






Contents of the Financial Statements
for the Period 21 August 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Polene UK Ltd

Company Information
for the Period 21 August 2023 to 31 December 2024







DIRECTOR: A Mothay





SECRETARY: Pramex International Ltd





REGISTERED OFFICE: 8th Floor South
11 Old Jewry
London
EC2R 8DU





REGISTERED NUMBER: 15085469 (England and Wales)





AUDITORS: Bourner Bullock
Chartered Accountants
114 St Martin’s Lane
Covent Garden
London
WC2N 4BE

Polene UK Ltd (Registered number: 15085469)

Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Tangible assets 5 1,609,873

CURRENT ASSETS
Stocks 256,665
Debtors 6 931,419
Cash at bank 2,379,037
3,567,121
CREDITORS
Amounts falling due within one year 7 4,970,280
NET CURRENT LIABILITIES (1,403,159 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,714

CREDITORS
Amounts falling due after more than
one year

8

255,208
NET LIABILITIES (48,494 )

CAPITAL AND RESERVES
Called up share capital 5,000
Retained earnings (53,494 )
(48,494 )

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 21 August 2025 and were signed by:





A Mothay - Director


Polene UK Ltd (Registered number: 15085469)

Notes to the Financial Statements
for the Period 21 August 2023 to 31 December 2024

1. STATUTORY INFORMATION

Polene UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. CRITICAL ACCOUNTING JUDGEMENTS & KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, the directors are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated assumptions
are based on historical experience and other factors that are considered to be relevant.
Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognized in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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" relevant to a company following the small entity regime and the Companies Act 2006.

These accounts are individual financial statements and do not form part of a group accounts.

All amounts are rounded to the nearest £

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.

Improvements to Property - Straight Line over 5, 8 or 10 years.
Computer Equipment - Straight Line over 3 years.

Polene UK Ltd (Registered number: 15085469)

Notes to the Financial Statements - continued
for the Period 21 August 2023 to 31 December 2024

3. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and net realisable value, being the estimated selling
price less costs to complete and sell. Cost Is based on the cost of purchase on a first in, first
out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying
amount is reduced to its selling price less costs to complete and sell. The impairment loss is
recognised immediately in profit or loss.

Polene UK Ltd (Registered number: 15085469)

Notes to the Financial Statements - continued
for the Period 21 August 2023 to 31 December 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, loans to fellow group companies, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, accruals and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


Basic financial liabilities - continued
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Polene UK Ltd (Registered number: 15085469)

Notes to the Financial Statements - continued
for the Period 21 August 2023 to 31 December 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

The non-monetary items are measured at historical cost and translated at the exchange rate on the date of transaction.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The directors have a reasonable expectation that the Company has adequate resources to
continue in operational existence for the foreseeable future and as such, consider it
appropriate to prepare financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

Polene UK Ltd (Registered number: 15085469)

Notes to the Financial Statements - continued
for the Period 21 August 2023 to 31 December 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
Additions 1,611,740 11,953 1,623,693
At 31 December 2024 1,611,740 11,953 1,623,693
DEPRECIATION
Charge for period 13,488 332 13,820
At 31 December 2024 13,488 332 13,820
NET BOOK VALUE
At 31 December 2024 1,598,252 11,621 1,609,873

6. DEBTORS
£   
Amounts falling due within one year:
Trade debtors 60
Other debtors 618,859
618,919

Amounts falling due after more than one year:
Other debtors 312,500

Aggregate amounts 931,419

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 370
Trade creditors 161,716
Amounts owed to group undertakings 3,325,564
PAYE 10,418
VAT 496,752
Other creditors 116,718
Accruals 392,117
Deferred income 466,625
4,970,280

Amounts owed to Group Undertakings are unsecured, interest free and are repayable on demand.

Polene UK Ltd (Registered number: 15085469)

Notes to the Financial Statements - continued
for the Period 21 August 2023 to 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Accruals 255,208

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

The Report of the Auditors was unqualified.

David Wheeler (Senior Statutory Auditor)
for and on behalf of Bourner Bullock

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate controlling parent company is La Casette SAS, a company incorporated in France, whose registered address is 5 Rue de la Rochefoucauld, 75009, Paris, France.

12. DIVIDENDS

The dividends declared and paid during the period was nil.