Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-301No description of principal activity12023-12-01falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14496172 2023-12-01 2024-11-30 14496172 2022-11-21 2023-11-30 14496172 2024-11-30 14496172 2023-11-30 14496172 c:Director1 2023-12-01 2024-11-30 14496172 d:CurrentFinancialInstruments 2024-11-30 14496172 d:CurrentFinancialInstruments 2023-11-30 14496172 d:Non-currentFinancialInstruments 2024-11-30 14496172 d:Non-currentFinancialInstruments 2023-11-30 14496172 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 14496172 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 14496172 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 14496172 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 14496172 d:ShareCapital 2024-11-30 14496172 d:ShareCapital 2023-11-30 14496172 d:RevaluationReserve 2024-11-30 14496172 d:RevaluationReserve 2023-11-30 14496172 d:RetainedEarningsAccumulatedLosses 2024-11-30 14496172 d:RetainedEarningsAccumulatedLosses 2023-11-30 14496172 c:FRS102 2023-12-01 2024-11-30 14496172 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 14496172 c:FullAccounts 2023-12-01 2024-11-30 14496172 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 14496172 2 2023-12-01 2024-11-30 14496172 6 2023-12-01 2024-11-30 14496172 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Registered number: 14496172



 
POLARIS RENEWABLES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
 
POLARIS RENEWABLES LIMITED
REGISTERED NUMBER:14496172

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,285,332
-

  
1,285,332
-

Current assets
  

Debtors: amounts falling due within one year
 5 
2,995
1

Cash at bank and in hand
  
517,075
-

  
520,070
1

Creditors: amounts falling due within one year
  
(116,122)
-

Net current assets
  
 
 
403,948
 
 
1

Total assets less current liabilities
  
1,689,280
1

Creditors: amounts falling due after more than one year
 7 
(1,884,422)
-

Net (liabilities)/assets
  
(195,142)
1


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1
1

Profit and loss account
  
40,152
-

Fair value reserve
  
(235,295)
-

  
(195,142)
1


Page 1
 
POLARIS RENEWABLES LIMITED
REGISTERED NUMBER:14496172
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 December 2025.





G Cislaghi
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2
 
POLARIS RENEWABLES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Polaris Renewables Limited is incorporated and domiciled in England and Wales.  The registered office is Harwood House, 43 Harwood Road, London, SW6 4QP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties and loans with related parties.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3
 
POLARIS RENEWABLES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Listed investments

£



Cost or valuation


Additions
1,526,567


Disposals
(5,940)


Revaluations
(235,295)



At 30 November 2024
1,285,332




Page 4
 
POLARIS RENEWABLES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Debtors

2024
2023
£
£


Called up share capital not paid
1
1

Prepayments and accrued income
2,994
-

2,995
1



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
100
-

Accruals and deferred income
116,022
-

116,122
-



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
1,884,422
-


 
Page 5