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Company Registration No. 02689738 (England and Wales)
Poloplace Limited Unaudited accounts for the year ended 31 May 2025
Poloplace Limited Unaudited accounts Contents
Page
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Poloplace Limited Company Information for the year ended 31 May 2025
Directors
D S Goraya N S Sheera A Goraya
Secretary
N K Goraya
Company Number
02689738 (England and Wales)
Registered Office
157 Friern Barnet Lane London N20 0NN England
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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Poloplace Limited Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
59 
74 
Investment property
13,985,805 
14,763,505 
Investments
12,743 
12,743 
13,998,607 
14,776,322 
Current assets
Debtors
686,190 
699,857 
Cash at bank and in hand
134,326 
59,933 
820,516 
759,790 
Creditors: amounts falling due within one year
(528,973)
(862,425)
Net current assets/(liabilities)
291,543 
(102,635)
Total assets less current liabilities
14,290,150 
14,673,687 
Creditors: amounts falling due after more than one year
(2,369,121)
(2,749,306)
Provisions for liabilities
Deferred tax
(1,101,517)
(1,101,517)
Net assets
10,819,512 
10,822,864 
Capital and reserves
Called up share capital
265,000 
265,000 
Profit and loss account
10,554,512 
10,557,864 
Shareholders' funds
10,819,512 
10,822,864 
For the year ending 31 May 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by
N S Sheera Director Company Registration No. 02689738
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Poloplace Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Poloplace Limited is a private company, limited by shares, registered in England and Wales, registration number 02689738. The registered office is 157 Friern Barnet Lane, London, N20 0NN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured on the basis of the consideration received for the sale of properties.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on written down value.
Investments
Investments in shares are included at fair value.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Poloplace Limited Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2024
50,610 
At 31 May 2025
50,610 
Depreciation
At 1 June 2024
50,536 
Charge for the year
15 
At 31 May 2025
50,551 
Net book value
At 31 May 2025
59 
At 31 May 2024
74 
5
Investment property
2025 
£ 
Fair value at 1 June 2024
14,763,505 
Disposals
(777,700)
At 31 May 2025
13,985,805 
Valuation completed by the directors based on their research and experience.
6
Investments
Other investments 
£ 
Valuation at 1 June 2024
12,743 
Valuation at 31 May 2025
12,743 
7
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
8,368 
20,929 
Other debtors
677,822 
678,928 
686,190 
699,857 
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Poloplace Limited Notes to the Accounts for the year ended 31 May 2025
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
272,534 
Taxes and social security
(15,000)
30,253 
Other creditors
532,184 
547,849 
Accruals
8,789 
8,789 
Deferred income
3,000 
3,000 
528,973 
862,425 
Bank loans are secured by charges against various company properties.
9
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
1,681,972 
Other creditors
1,669,242 
397,728 
Loans from directors
699,879 
669,606 
2,369,121 
2,749,306 
Bank loans are secured by charges against various company properties.
10
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
265,000 Ordinary shares of £1 each
265,000 
265,000 
11
Average number of employees
During the year the average number of employees was 3 (2024: 2).
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