REGISTERED NUMBER: 07195093 (England and Wales)

Polar Black Events Limited

Unaudited Financial Statements

for the year ended

31 December 2024

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Property, plant and equipment

4

10,106

18,645

Investments

5

30,972

-

41,078

18,645

CURRENT ASSETS

Debtors

6

1,367,949

1,190,300

Cash at bank

214,859

331,899

1,582,808

1,522,199

CREDITORS

Amounts falling due within one year

7

(1,030,752

)

(674,882

)

NET CURRENT ASSETS

552,056

847,317

TOTAL ASSETS LESS CURRENT LIABILITIES

593,134

865,962

CREDITORS

Amounts falling due after more than one year

8

-

(72,917

)

NET ASSETS

593,134

793,045

CAPITAL AND RESERVES

Called up share capital

570

570

Capital redemption reserve

14,000

14,000

Share based payment reserve

8,842

-

Retained earnings

569,722

778,475

593,134

793,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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:

X Cadiou - Director

1.	STATUTORY INFORMATION

Polar Black Events Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07195093

Registered office:

7 Marylebone Lane

London

W1U 1DB

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.

Preparation of consolidated financial statements

The financial statements contain information about Polar Black Events Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Revenue

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

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the lease term

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Financial instruments

Short term debtors are measured at transaction price, less any impairment.

Short term creditors are measured at the transaction price.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

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.

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.

Share-based payments

In accordance with FRS 102 1A the company reflects the economic cost of awarding shares and options to employees by recording an expense in the profit and loss account equal to the fair value of the benefit awarded, fair value being determined by reference to option pricing models. The expense, if material, is recognised in the Income Statement over the vesting period.

The calculation of the fair values of the share options issued by the company has been based upon the Black-Scholes pricing model together with a number of subjective assumptions.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

Short

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

54,840

123,950

9,657

14,624

203,071

Additions

-

-

-

1,551

1,551

At 31 December 2024

54,840

123,950

9,657

16,175

204,622

DEPRECIATION

At 1 January 2024

47,366

123,950

2,580

10,530

184,426

Charge for year

5,852

-

2,414

1,824

10,090

At 31 December 2024

53,218

123,950

4,994

12,354

194,516

NET BOOK VALUE

At 31 December 2024

1,622

-

4,663

3,821

10,106

At 31 December 2023

7,474

-

7,077

4,094

18,645

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

30,972

At 31 December 2024

30,972

NET BOOK VALUE

At 31 December 2024

30,972

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

621,842

521,001

Other debtors

746,107

669,299

1,367,949

1,190,300

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

72,917

87,500

Trade creditors

670,325

327,056

Taxation and social security

113,440

219,150

Other creditors

174,070

41,176

1,030,752

674,882

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

72,917

9.	OTHER FINANCIAL COMMITMENTS

The company had total commitments under non-cancellable operating leases over the remaining life of those leases of £161,508 (31/12/23 - £52,414)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to the directors in aggregate subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24

31/12/23

£

Balance outstanding at start of year

(380,668)

(228,160)

Amounts advanced

(503,747)

(677,745)

Amounts repaid

496,368

525.237

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(388,047)

(380.668)

No Interest is charged on the outstanding balance. The loans are unsecured and repaid in full before or on 30 September 2025.