Poltair Construction Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

Poltair Construction Limited

(Registration number: 12404517)
Statement of Financial Position as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	27,906	12,802
Current assets
Stocks		58,382	20,140
Debtors	5	2,770,197	1,347,358
Cash at bank and in hand		128,555	266,483
		2,957,134	1,633,981
Creditors: Amounts falling due within one year	6	(2,381,256)	(1,424,963)
Net current assets		575,878	209,018
Total assets less current liabilities		603,784	221,820
Provisions for liabilities		(6,977)	(2,071)
Net assets		596,807	219,749
Capital and reserves
Called up share capital		2	2
Profit and loss account		596,805	219,747
Shareholders' funds		596,807	219,749

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

Mr Ronald Ley Director

Poltair Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
47 Boutport Street
Barnstaple
Devon
EX31 1SQ

Principal activity

The principal activity of the company is that of property construction.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Poltair Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line
Computer equipment	25% straight line
Fixtures and fittings	25% straight line

Poltair Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Work in progress is valued at the lower of cost and net realisable value and includes the cost of construction and other direct site-related expenditure,

Costs are only carried forward in work in progress where there is an expectation that the site will be successfully completed.

Speculative costs are written off the profit and loss account in the year in which they are incurred.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Poltair Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Computer Equipment £	Total £
Cost or valuation
At 1 May 2024	-	31,318	653	31,971
Additions	10,745	14,285	-	25,030
At 30 April 2025	10,745	45,603	653	57,001
Depreciation
At 1 May 2024	-	19,142	27	19,169
Charge for the year	1,343	8,426	157	9,926
At 30 April 2025	1,343	27,568	184	29,095
Carrying amount
At 30 April 2025	9,402	18,035	469	27,906
At 30 April 2024	-	12,176	626	12,802

5

Debtors

	2025 £	2024 £
Trade debtors	1,242,912	410,748
Amounts owed by related parties	1,268,837	560,453
Other debtors	93,218	52,078
Prepayments	165,230	324,079
	2,770,197	1,347,358

Poltair Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	924,188	520,963
Amounts owed to group undertakings and undertakings in which the company has a participating interest	17,500	134,900
Taxation and social security	11,502	1,827
Accruals and deferred income	11,933	293,573
Other creditors	1,416,133	473,700
	2,381,256	1,424,963

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8	Related party transactions

The company has taken advantage of the 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 the group.

9	Parent and ultimate parent undertaking

The ultimate parent is Poltair Group Limited , incorporated in United Kingdom .