Polestar Holdings Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11882633

Polestar Holdings Ltd

Filleted Unaudited Financial Statements

31 March 2026

Polestar Holdings Ltd

Balance Sheet

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	5	182,768	314,036
Tangible assets	6	1,646	1,355
Investments	7	5,002	5,002
		---------	---------
		189,416	320,393

Current assets

Debtors	8	289,367	125,450
Cash at bank and in hand		31,378	63,342
		---------	---------
		320,745	188,792

Creditors: amounts falling due within one year	9	117,110	123,974
		---------	---------
Net current assets		203,635	64,818
		---------	---------
Total assets less current liabilities		393,051	385,211

Creditors: amounts falling due after more than one year	10	18,236	23,135
		---------	---------
Net assets		374,815	362,076
		---------	---------

Capital and reserves

Called up share capital	100	100
Share premium account	361,218	361,218
Profit and loss account	13,497	758
	---------	---------
Shareholders funds	374,815	362,076
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Polestar Holdings Ltd

Balance Sheet (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 1 October 2026 , and are signed on behalf of the board by:

Mr I J Russell

Director

Company registration number: 11882633

Polestar Holdings Ltd

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hurdcott Barn, Cricket Hill Lane, Yateley, Hampshire, GU46 6BB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements, estimates or assumptions.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill represents purchased client banks. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2025: 5 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	1,453,737
	------------
Amortisation
At 1 April 2025	1,139,701
Charge for the year	131,268
	------------
At 31 March 2026	1,270,969
	------------
Carrying amount
At 31 March 2026	182,768
	------------
At 31 March 2025	314,036
	------------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2025	5,637	23,692	29,329
Additions	–	1,340	1,340
	-------	--------	--------
At 31 March 2026	5,637	25,032	30,669
	-------	--------	--------
Depreciation
At 1 April 2025	5,637	22,337	27,974
Charge for the year	–	1,049	1,049
	-------	--------	--------
At 31 March 2026	5,637	23,386	29,023
	-------	--------	--------
Carrying amount
At 31 March 2026	–	1,646	1,646
	-------	--------	--------
At 31 March 2025	–	1,355	1,355
	-------	--------	--------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2025 and 31 March 2026	5,002
	-------
Impairment
At 1 April 2025 and 31 March 2026	–
	-------

Carrying amount
At 31 March 2026	5,002
	-------
At 31 March 2025	5,002
	-------

The company owns 100% of the ordinary share capital in Comet Wealth Ltd and Polestar Financial Planning Ltd.

For the year ended 31 March 2026, Comet Wealth Ltd reported a profit after tax of £146,586 and has capital and reserves of £59,926. Polestar Financial Planning Ltd reported a profit after tax of £832, and has capital and reserves of £2,099.

8. Debtors

	2026	2025
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	262,078	59,433
Other debtors	27,289	66,017
	---------	---------
	289,367	125,450
	---------	---------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	6,274	6,000
Trade creditors	10,698	10,965
Amounts owed to group undertakings and undertakings in which the company has a participating interest	31,741	52,237
Corporation tax	58,887	43,955
Social security and other taxes	6,436	6,804
Other creditors	3,074	4,013
	---------	---------
	117,110	123,974
	---------	---------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	18,236	23,135
	--------	--------

In 2021, a £50,000 loan was advanced over 10 years at 2.5% interest rate and repayments commenced November 2021

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	7,125	7,125
	-------	-------

12. Directors' advances, credits and guarantees

During the period the directors repaid amounts owed at the end of the previous year, and were advanced further amounts by the company, so that at 31 March 2026 £21,854 (2025 £60,606) was due to the company, and will be repaid before 31 December 2026. £60,606 was the maximum amount outstanding during the year and includes interest charged of £1,891.

13. Related party transactions

During the period, Polestar Holdings received licensing fees totalling £204,147 and management charges totalling £492,933 from the subsidiaries. As at 31 March 2026 £31,741 (2025 £52,237) was owed to Polestar Financial Planning Ltd and £262,078 (2025 £59,433) was owed by Comet Wealth Ltd. All amounts will be repaid before 31 March 2027.

14. Reserves

The only movements in equity during the year were the profit for the year and dividends paid. All of the profit and loss account represents distributable reserves.