Polymath Venture Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09008318 (England and Wales)

Unaudited Financial Statements for the Year Ended 2 April 2025

for

Polymath Venture Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M G Lewis

SECRETARY:

Mrs L A Lewis

REGISTERED OFFICE:

9 St George's Yard

Farnham

Surrey

GU9 7LW

REGISTERED NUMBER:

09008318 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Investments

4

23

CURRENT ASSETS

Debtors

5

371,519

340,122

Cash at bank

250

83,523

371,769

423,645

CREDITORS

Amounts falling due within one year

6

32,077

6,169

NET CURRENT ASSETS

339,692

417,476

TOTAL ASSETS LESS CURRENT
LIABILITIES

339,715

417,499

CAPITAL AND RESERVES

Called up share capital

10

Retained earnings

339,705

417,489

SHAREHOLDERS' FUNDS

339,715

417,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 2 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 2 April 2025 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 24 December 2025 and were signed by:

M G Lewis - Director

1.	STATUTORY INFORMATION

Polymath Venture Holdings 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST

At 3 April 2024

and 2 April 2025

10

13

23

NET BOOK VALUE

At 2 April 2025

10

13

23

At 2 April 2024

10

13

23

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2.4.25

2.4.24

£

Other debtors

371,519

340,122

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2.4.25

2.4.24

£

Amounts owed to group undertakings

30,937

5,077

Other creditors

1,140

1,092

32,077

6,169

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 2 April 2025 and 2 April 2024:

2.4.25

2.4.24

£

M G Lewis

Balance outstanding at start of year

278,069

306,952

Amounts advanced

84,969

54,289

Amounts repaid

(53,572

)

(83,172

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

309,466

278,069

The maximum amount outstanding during the year and due to the company by the director was £309,466. No interest was paid on this balance during the year.