Company No: 11047806 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

E N Hiskins

SECRETARY

J M Thomas

REGISTERED OFFICE	Dominion House
	Woodbridge Road
	Guildford
	GU1 4PU
	United Kingdom

COMPANY NUMBER

11047806 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	Stonecross
	Trumpington High Street
	Cambridge
	CB2 9SU

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Intangible assets	4	0		8,343
Tangible assets	5	155,884		50,929
Investment property	6	118,500		118,500
		274,384		177,772
Current assets
Debtors	7	2,379,146		330,042
Cash at bank and in hand		1,277,497		971,906
		3,656,643		1,301,948
Creditors: amounts falling due within one year	8	( 2,798,074)		( 457,284)
Net current assets		858,569		844,664
Total assets less current liabilities		1,132,953		1,022,436
Provision for liabilities		( 4,516)		2,552
Net assets		1,128,437		1,024,988
Capital and reserves
Called-up share capital		500		500
Capital redemption reserve		500		500
Profit and loss account		1,127,437		1,023,988
Total shareholder's funds		1,128,437		1,024,988

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Pole Star EAM Limited (registered number: 11047806) were approved and authorised for issue by the Director on 24 December 2025. They were signed on its behalf by:

E N Hiskins Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pole Star EAM Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Dominion House, Woodbridge Road, Guildford, GU1 4PU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Pole Star EAM Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

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

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

4 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	6 years straight line
Vehicles	5 years straight line
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Prior year adjustment

The Company has restated the comparatives for the year ended 31March 2024. The cost of fixtures and fittings were previously overstated which has now been corrected, along with the amounts due to the related party for the same amount.

		As previously reported		Adjustment		As restated
Year ended 31 March 2024		£		£		£
Tangible Assets		52,491		(1,562)		50,929
Other Debtors		275,158		1,562		276,720

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	25		25

4. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 April 2024	33,375		33,375
At 31 March 2025	33,375		33,375
Accumulated amortisation
At 01 April 2024	25,032		25,032
Charge for the financial year	8,343		8,343
At 31 March 2025	33,375		33,375
Net book value
At 31 March 2025	0		0
At 31 March 2024	8,343		8,343

5. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	0		4,375		85,125		38,605		128,105
Additions	23,692		3,415		108,875		15,775		151,757
Disposals	0		0		( 66,425)		( 150)		( 66,575)
At 31 March 2025	23,692		7,790		127,575		54,230		213,287
Accumulated depreciation
At 01 April 2024	0		2,726		51,075		23,375		77,176
Charge for the financial year	0		700		4,573		10,759		16,032
Disposals	0		0		( 35,805)		0		( 35,805)
At 31 March 2025	0		3,426		19,843		34,134		57,403
Net book value
At 31 March 2025	23,692		4,364		107,732		20,096		155,884
At 31 March 2024	0		1,649		34,050		15,230		50,929

6. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	118,500
As at 31 March 2025	118,500

Valuation

The fair value of the Company’s investment property has been arrived at on the basis of valuations carried out on that date by the director of the business. In carrying out their review, the director has made assumptions in relation to rental yields and estimated future achievable rents.

7. Debtors

	2025		2024
	£		£
Trade debtors	1,554,524		12,808
Amounts owed by connected companies	613,931		243,273
Corporation tax	0		40,513
Other debtors	210,691		33,448
	2,379,146		330,042

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	41,612		62,616
Accruals and deferred income	1,805,492		164,624
Taxation and social security	845,712		188,502
Obligations under finance leases and hire purchase contracts	66,230		32,526
Other creditors	39,028		9,016
	2,798,074		457,284

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Amounts owed by (to) Directors	(2)		27,932

Loans made to the Directors are subject to interest at the current market rate set by HMRC.

Other related party transactions

	2025		2024
	£		£
Amounts due from a related party under common control	373,561		0
Amounts due from a related party under common control	240,368		243,273

Loans from related parties are interest free and repayable on demand.