REGISTERED NUMBER: 12873479 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

POLARIS FINANCIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Brown

REGISTERED OFFICE:

8th Floor, 77 Marsh Wall

Canary Wharf

London

E14 9SH

REGISTERED NUMBER:

12873479 (England and Wales)

ACCOUNTANTS:

Kothari & Associates Ltd

30 Oakington Avenue

Harrow

Middlesex

HA2 7JJ

CURRENT ASSETS

Debtors

5

43,318

11,934

Cash at bank and in hand

100

9,144

43,418

21,078

CREDITORS

Amounts falling due within one year

6

42,945

20,956

NET CURRENT ASSETS

473

122

TOTAL ASSETS LESS CURRENT LIABILITIES

473

122

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

373

22

SHAREHOLDERS' FUNDS

473

122

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 director acknowledges his 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 director and authorised for issue on 13 November 2025 and were signed by:

R Brown - Director

1.	STATUTORY INFORMATION

Polaris Financial Limited 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

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 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 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 1 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

34,000

10,000

Office deposit

3,318

1,862

Staff loan

6,000

-

Prepayments

-

72

43,318

11,934

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

6,550

-

Tax

27,211

19,407

Social security and other taxes

747

593

Net wages

6,048

-

Directors' current accounts

109

447

Accrued expenses

2,280

509

42,945

20,956

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/12/24

31/12/23

£

£

Within one year

24,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

22

Profit for the year

19,851

Dividends

(19,500

)

At 31 December 2024

373

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year ended 31 December 2024, £109 (2023 - £447) was due to the director of the company.

11.	ULTIMATE CONTROLLING PARTY

The director is the ultimate controlling party by virtue of his shareholding in the company.