Acorah Software Products - Accounts Production 19.1.200 false true 30 April 2024 17 April 2023 false 1 May 2024 31 March 2025 31 March 2025 SC766239 Professor Gordon Hughes true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC766239 2024-04-30 SC766239 2025-03-31 SC766239 2024-05-01 2025-03-31 SC766239 frs-core:CurrentFinancialInstruments 2025-03-31 SC766239 frs-core:ShareCapital 2025-03-31 SC766239 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC766239 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-03-31 SC766239 frs-bus:FilletedAccounts 2024-05-01 2025-03-31 SC766239 frs-bus:SmallEntities 2024-05-01 2025-03-31 SC766239 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-03-31 SC766239 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-03-31 SC766239 1 2024-05-01 2025-03-31 SC766239 frs-bus:Director1 2024-05-01 2025-03-31 SC766239 frs-countries:Scotland 2024-05-01 2025-03-31 SC766239 2023-04-16 SC766239 2024-04-30 SC766239 2023-04-17 2024-04-30 SC766239 frs-core:CurrentFinancialInstruments 2024-04-30 SC766239 frs-core:ShareCapital 2024-04-30 SC766239 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: SC766239
Polare AI Limited
Unaudited Financial Statements
For the Period 1 May 2024 to 31 March 2025
GM Accounting Limited
Chartered Certified Accountants
41 Kilmaurs Road
Edinburgh
EH16 5DB
Polare AI Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
Polare AI Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: SC766239

| 31 March 2025 | 30 April 2024
--- | --- | ---
| Notes | £ | £ | £ | £
CURRENT ASSETS
Stocks | 4 | 9,450 |  | - |
Debtors | 5 | 2,260 |  | 1,378 |
Cash at bank and in hand |  | 16,316 |  | 19,841 |
|  | 28,026 |  | 21,219 |
Creditors: Amounts Falling Due Within One Year | 6 | (104,556 ) |  | (53,803 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (76,530 ) |  | (32,584 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (76,530 ) |  | (32,584 )
NET LIABILITIES |  |  | (76,530 ) |  | (32,584 )
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | (76,630 ) |  | (32,684 )
SHAREHOLDERS' FUNDS |  |  | (76,530) |  | (32,584)

For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Professor Gordon Hughes Director
17/04/2026

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Polare AI Limited
Notes to the Financial Statements
For the Period 1 May 2024 to 31 March 2025
Notes to the Financial Statements
1. General Information
Polare AI Limited is a private company, limited by shares, incorporated in Scotland, registered number SC766239 . The registered office is Highfield, Stobo, Peebles, EH45 8NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2024: 1)
- 1
4. Stocks

| 31 March 2025 |  | 30 April 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 9,450 |  | -

5. Debtors

| 31 March 2025 |  | 30 April 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 2,260 |  | 1,378

6. Creditors: Amounts Falling Due Within One Year

| 31 March 2025 |  | 30 April 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | (1 ) |  | -
Other loans | 102,986 |  | 52,942
Other creditors | 1,571 |  | 861
| 104,556 |  | 53,803

7. Share Capital

| 31 March 2025 |  | 30 April 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 2
Page 3
Polare AI Limited
Notes to the Financial Statements (continued)
For the Period 1 May 2024 to 31 March 2025
8. Related Party Transactions
As at 31 March 2025 a net loan of £87,669 (30 April 2024: £39,900) was owed to Economic and Statistical Services (Edinburgh) Limited, the company's controlling party. A loan of £15,317 (30 April 2024: £13.042) was also owed to Polare Research Limited which is also a subsidiary of Economic and Statistical Services (Edinburgh) Limited.
As at 31 March 2025 £186 (30 April 2024: £186) was due to Professor Gordon Hughes, company director.
The balances as at 31 March 2025 were the maximum amounts owed on all loans in the accounting period.
All of the above loans are interest free and repayable on demand.
9. Ultimate Controlling Party
The company's immediate parent undertaking is Economic and Statistical Services (Edinburgh) Limited. This company was incorporated in Scotland. The ultimate controlling party is Professor Gordon Hughes by virtue of him holding a controlling interest in Economic and Statistical Services (Edinburgh) Limited.
Page 3