Company Registration No. 10975305 (England and Wales)
Polkerris Investments Limited
Unaudited accounts
for the year ended 31 March 2025
Polkerris Investments Limited
Unaudited accounts
Contents
Polkerris Investments Limited
Company Information
for the year ended 31 March 2025
Directors
Ardeshir Naghshineh
Shapoor Naghshineh
Corin Thoday
Company Number
10975305 (England and Wales)
Registered Office
11-13 Riverside Road
Norwich
Norfolk
NR1 1SQ
United Kingdom
Polkerris Investments Limited
Statement of financial position
as at 31 March 2025
Intangible assets
10,001
1
Creditors: amounts falling due within one year
(12,213)
(2,214)
Net current liabilities
(12,213)
(2,213)
Net liabilities
(2,212)
(2,212)
Called up share capital
1
1
Profit and loss account
(2,213)
(2,213)
Shareholders' funds
(2,212)
(2,212)
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 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 21 November 2025 and were signed on its behalf by
Corin Thoday
Director
Company Registration No. 10975305
Polkerris Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
Polkerris Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10975305. The registered office is 11-13 Riverside Road, Norwich, Norfolk, NR1 1SQ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts have been prepared on a going concern basis -
The directors of the Company have received undertakings from companies under common control that sufficient resources will be made available to enable the Company to carry out its business plan.
The accounts are presented in £ sterling.
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.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. The fair values of intangible fixed assets is only reviewed where appropriate.
4
Intangible fixed assets
Goodwill
Other
Total
At 31 March 2025
10,000
1
10,001
At 31 March 2025
10,000
1
10,001
Polkerris Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Investments held as current assets
2025
2024
The investment constitutes an option to purchase development land.
6
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
11,814
1,815
7
Transactions with related parties
The company has a loan account with Targetfollow Estates Limited a company controlled by A Naghshineh. At the end of the year, the company had an outstanding loan balance of £1,271 (2024: £1,271).
The company has a loan account with Targetfollow Group Limited a company controlled by A Naghshineh. At the end of the year, the company had an outstanding loan balance of £544 (2024: £544).
The company entered into a loan agreement with Barrow Close investments Limited, a company controlled by A Naghshineh. At the end of the year, the company had an outstanding loan balance of £10,000 (2024: £Nil) owed to Barrow Close Investments Limited.
The company is controlled by Targetfollow Group Limited and, in the opinion of the directors, this is the company's ultimate parent company. The ultimate controlling party is the shareholder and a director of Targetfollow Group Limited, A Naghshineh.
The parent undertaking of the largest and smallest group for which consolidated accounts are prepared is Targetfollow Group Ltd, whose registered address is 11-13 Riverside Road, Norwich, NR1 1SQ. Consolidated accounts are available from Companies House.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).