Polestar Pilates UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03266206 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2018

FOR

POLESTAR PILATES UK LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

C. Moss, Esq

SECRETARY:

Mrs J. Moss

REGISTERED OFFICE:

15a Station Road

Epping

Essex

CM16 4HG

REGISTERED NUMBER:

03266206 (England and Wales)

ACCOUNTANTS:

S. Cobbin & Co Limited

Chartered Accountants

The Old Surgery

15a Station Road

Epping

Essex

CM16 4HG

FIXED ASSETS

Tangible assets

4

459,108

124,513

Investments

5

21,935

21,935

481,043

146,448

CURRENT ASSETS

Debtors

11,250

11,250

Cash at bank

-

243,927

11,250

255,177

CREDITORS

Amounts falling due within one year

(275,766

)

(217,767

)

NET CURRENT (LIABILITIES)/ASSETS

(264,516

)

37,410

TOTAL ASSETS LESS CURRENT LIABILITIES

216,527

183,858

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

216,427

183,758

SHAREHOLDERS' FUNDS

216,527

183,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 10th October 2018 and were signed by:

C. Moss, Esq - Director

1.	STATUTORY INFORMATION

Polestar Pilates UK 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2017

238,924

Additions

392,209

At 30th June 2018

631,133

DEPRECIATION

At 1st July 2017

114,411

Charge for year

57,614

At 30th June 2018

172,025

NET BOOK VALUE

At 30th June 2018

459,108

At 30th June 2017

124,513

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st July 2017

and 30th June 2018

21,935

NET BOOK VALUE

At 30th June 2018

21,935

At 30th June 2017

21,935

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Polestar Pilates UK Limited for the year ended 30th June 2018 which comprise the Income

Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Polestar Pilates UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Polestar Pilates UK Limited and state those matters that we have agreed to state to the director of Polestar Pilates UK Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Polestar Pilates UK Limited and its director for our work or for this report.

It is your duty to ensure that Polestar Pilates UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Polestar Pilates UK Limited. You consider that Polestar Pilates UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Polestar Pilates UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

S. Cobbin & Co Limited

Chartered Accountants

The Old Surgery

15a Station Road

Epping

Essex

CM16 4HG

10th October 2018