Polar Bear Real Estate 1 Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11123313

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		520,000		520,000

			520,000		520,000
CURRENT ASSETS
Cash at bank and in hand		2,043		2,234

		2,043		2,234
Creditors: Amounts Falling Due Within One Year	5	(703 )		(711 )

NET CURRENT ASSETS (LIABILITIES)			1,340		1,523

TOTAL ASSETS LESS CURRENT LIABILITIES			521,340		521,523

Creditors: Amounts Falling Due After More Than One Year	6		(529,326 )		(525,998 )

NET LIABILITIES			(7,986 )		(4,475 )

CAPITAL AND RESERVES
Called up share capital	7		3		3
Revaluation reserve	8		73,126		73,126
Profit and Loss Account			(81,115 )		(77,604 )

SHAREHOLDERS' FUNDS			(7,986)		(4,475)

Page 1

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Polar Bear Real Estate 1 Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Craig Hopkins

Director

25/07/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Polar Bear Real Estate 1 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11123313 . The registered office is C/O Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The fair value of the investment property has been arrived at by the directors best estimate. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	520,000

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	703	711

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Mortgages	390,806	390,806
Directors loan account	9,741	2,216
Amounts owed to related parties	128,779	132,976

	529,326	525,998

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3	3

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Polar Bear Real Estate 1 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	73,126

As at 31 March 2025	73,126

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