1 April 2024 false No description of principal activity Taxfiler 2024.6 NI695650business:PrivateLimitedCompanyLtd2024-04-012025-03-31 NI6956502024-03-31 NI6956502024-04-012025-03-31 NI695650business:AuditExemptWithAccountantsReport2024-04-012025-03-31 NI695650business:FilletedAccounts2024-04-012025-03-31 NI6956502025-03-31 NI695650business:Director12024-04-012025-03-31 NI695650business:Director22024-04-012025-03-31 NI695650business:RegisteredOffice2024-04-012025-03-31 NI6956502024-03-31 NI695650core:WithinOneYear2025-03-31 NI695650core:WithinOneYear2024-03-31 NI695650core:AfterOneYear2025-03-31 NI695650core:AfterOneYear2024-03-31 NI695650core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 NI695650core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 NI695650core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 NI695650core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 NI695650core:PreviouslyStatedAmount2025-03-31 NI695650core:PreviouslyStatedAmount2024-03-31 NI695650business:SmallEntities2024-04-012025-03-31 NI695650countries:NorthernIreland2024-04-012025-03-31 NI695650business:Director112024-03-31 NI695650business:Director112024-04-012025-03-31 NI695650business:Director112025-03-31 NI695650business:Director222024-03-31 NI695650business:Director222024-04-012025-03-31 NI695650business:Director222025-03-31 NI6956502023-03-232024-03-31 iso4217:GBP xbrli:pure
Company Registration No. NI695650 (Northern Ireland)
Polaris Property Holdings Ltd Unaudited accounts for the year ended 31 March 2025
Polaris Property Holdings Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Polaris Property Holdings Ltd Company Information for the year ended 31 March 2025
Directors
Andrew Paul Ayres Kelly Victoria Ayres
Company Number
NI695650 (Northern Ireland)
Registered Office
4 Sandown Park Belfast BT5 6JP Northern Ireland
Accountants
JMW 74 Ballantine Gardens Lisburn Co. Down BT27 5FB
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Polaris Property Holdings Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
4
290,843 
56,235 
Current assets
Cash at bank and in hand
25 
406 
Creditors: amounts falling due within one year
5
(93,100)
(62,598)
Net current liabilities
(93,075)
(62,192)
Total assets less current liabilities
197,768 
(5,957)
Creditors: amounts falling due after more than one year
6
(219,081)
- 
Net liabilities
(21,313)
(5,957)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(21,315)
(5,959)
Shareholders' funds
(21,313)
(5,957)
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 5 December 2025 and were signed on its behalf by
Andrew Paul Ayres Director Company Registration No. NI695650
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Polaris Property Holdings Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Polaris Property Holdings Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI695650. The registered office is 4 Sandown Park, Belfast, BT5 6JP, Northern Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
4
Investment property
2025 
£ 
Fair value at 1 April 2024
56,235 
Additions
234,608 
At 31 March 2025
290,843 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Loans from directors
92,320 
61,818 
Accruals
780 
780 
93,100 
62,598 
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
219,081 
- 
- 5 -
Polaris Property Holdings Ltd Notes to the Accounts for the year ended 31 March 2025
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew Paul Ayres
61,499 
1,715 
- 
63,214 
Kelly Victoria Ayres
319 
28,367 
- 
28,686 
61,818 
30,082 
- 
91,900 
Directors' loans are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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