Acorah Software Products - Accounts Production 19.2.350 false true 31 May 2024 1 June 2023 false 1 June 2024 31 March 2025 31 March 2025 SC217600 Professor Gordon Hughes Mr Sean Ryan Mr Gordon Hughes Edinburgh Quay, 133 Fountainbridge, Edinburgh, EH3 9BA true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC217600 2024-05-31 SC217600 2025-03-31 SC217600 2024-06-01 2025-03-31 SC217600 frs-core:CurrentFinancialInstruments 2025-03-31 SC217600 frs-core:PlantMachinery 2025-03-31 SC217600 frs-core:PlantMachinery 2024-06-01 2025-03-31 SC217600 frs-core:PlantMachinery 2024-05-31 SC217600 frs-core:SharePremium 2025-03-31 SC217600 frs-core:ShareCapital 2025-03-31 SC217600 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC217600 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-03-31 SC217600 frs-bus:FilletedAccounts 2024-06-01 2025-03-31 SC217600 frs-bus:SmallEntities 2024-06-01 2025-03-31 SC217600 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-03-31 SC217600 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-03-31 SC217600 1 2024-06-01 2025-03-31 SC217600 frs-bus:Director1 2024-06-01 2025-03-31 SC217600 frs-bus:Director2 2024-06-01 2025-03-31 SC217600 frs-countries:Scotland 2024-06-01 2025-03-31 SC217600 2023-05-31 SC217600 2024-05-31 SC217600 2023-06-01 2024-05-31 SC217600 frs-core:CurrentFinancialInstruments 2024-05-31 SC217600 frs-core:SharePremium 2024-05-31 SC217600 frs-core:ShareCapital 2024-05-31 SC217600 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: SC217600
Polare Research Limited
Unaudited Financial Statements
For the Period 1 June 2024 to 31 March 2025
GM Accounting Limited
Chartered Certified Accountants
41 Kilmaurs Road
Edinburgh
EH16 5DB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC217600
31 March 2025 31 May 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 458 634
458 634
CURRENT ASSETS
Debtors 5 17,232 15,326
Cash at bank and in hand 6,724 11,996
23,956 27,322
Creditors: Amounts Falling Due Within One Year 6 (65,610 ) (66,156 )
NET CURRENT ASSETS (LIABILITIES) (41,654 ) (38,834 )
TOTAL ASSETS LESS CURRENT LIABILITIES (41,196 ) (38,200 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (87 ) (120 )
NET LIABILITIES (41,283 ) (38,320 )
CAPITAL AND RESERVES
Called up share capital 7 400 400
Share premium account 59,700 59,700
Profit and Loss Account (101,383 ) (98,420 )
SHAREHOLDERS' FUNDS (41,283) (38,320)
Page 1
Page 2
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 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.
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
19/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Polare Research Limited is a private company, limited by shares, incorporated in Scotland, registered number SC217600 . 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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% Reducing balance.
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.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
0Average number of employees, including directors, during the period was: NIL (2024: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2024 1,427
As at 31 March 2025 1,427
Depreciation
As at 1 June 2024 793
Provided during the period 176
As at 31 March 2025 969
Net Book Value
As at 31 March 2025 458
As at 1 June 2024 634
5. Debtors
31 March 2025 31 May 2024
£ £
Due within one year
Prepayments and accrued income 1,893 2,053
Other debtors 15,317 12,997
VAT 22 276
17,232 15,326
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 May 2024
£ £
Trade creditors - 1
Other creditors 64,299 64,299
Accruals and deferred income 1,180 1,725
Directors' loan accounts 131 131
65,610 66,156
7. Share Capital
31 March 2025 31 May 2024
£ £
Allotted, Called up and fully paid 400 400
Page 4
Page 5
8. Related Party Transactions
As at 31 March 2025 Other Creditors included a balance of £64,299 (31 May 2024: £64,299) owed to Economic and Statistical Services (Edinburgh) Limited, the company's controlling party.
Also included in Other Creditors as at 31 March 2025 was a balance of £131 (31 May 2024: £131) owed to Professor Gordon Hughes, company director. 
The balance as at 31 March 2025 was the maximum amount owed to Professor Hughes in the year.This loan is interest free and repayable on demand.
Included in Other Debtors as at 31 March 2025 is a loan of £15,317 (31 May 2024: £12,997) owed by Polare AI Limited to the company. Polare AI Limited is an associated company because it is a subsidiary of Economic and Statistical Services (Edinburgh) Limited. 
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Economic and Statistical Services (Edinburgh) Limited . Economic and Statistical Services (Edinburgh) Limited was incorporated in Scotland. Copies of the group accounts may be obtained from the secretary, Edinburgh Quay, 133 Fountainbridge, Edinburgh, EH3 9BA . The ultimate controlling party is Mr Gordon Hughes by virtue of him holding a controlling interest in Economic and Statistical Services (Edinburgh) Limited.
Page 5