Accounts filed on 31-03-2015

Accounts filed on 31-03-2015

POLO RELATIONS LIMITED - Company Information

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POLO RELATIONS LIMITED

Company Registration Number:
04191382 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2014

End date: 31 March 2015

POLO RELATIONS LIMITED

Abbreviated Balance sheet

As at 31 March 2015


Notes
2015
£
2014
£
Fixed assets
Tangible assets: 2 5,112 6,015
Total fixed assets: 5,112 6,015
Current assets
Total current assets: 0 0
Creditors: amounts falling due within one year: ( 26,510 ) ( 9,800 )
Net current assets (liabilities): ( 26,510 ) ( 9,800 )
Total assets less current liabilities: ( 21,398 ) ( 3,785 )
Creditors: amounts falling due after more than one year: ( 41 ) ( 7,542 )
Total net assets (liabilities): ( 21,439 ) ( 11,327 )

The notes form part of these financial statements

POLO RELATIONS LIMITED

Balance sheet continued

As at 31 March 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 3 10 10
Profit and loss account: ( 21,449 ) ( 11,337 )
Shareholders funds: ( 21,439 ) ( 11,327 )

For the year ending 31 March 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 30 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: John Moreland-Lynn
Status: Director

The notes form part of these financial statements

POLO RELATIONS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    (a) Basis of preparation of accounts.

    The accounts are prepared under the historical cost convention and include the results of the Company's operations.

    The Company has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

    Turnover policy

    (b) Turnover

    Turnover is the total amount receivable by the Company in the ordinary course of business for goods supplied or services rendered.

    Tangible fixed assets depreciation policy

    (c) Depreciation

    Depreciation is calculated on the reducing balance method and aims to write down the cost of fixed assets over their expected useful lives, to their estimated residual value.

    The rate applicable is:-

    Motor Vehicles 15% per annum

POLO RELATIONS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 2. Tangible assets

    Total
    Cost £
    01 April 2014: 32,587
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2015: 32,587
    Depreciation
    01 April 2014: 26,572
    Charge for year: 903
    On disposals: 0
    Other adjustments: 0
    31 March 2015: 27,475
    Net book value
    31 March 2015: 5,112
    31 March 2014: 6,015

POLO RELATIONS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10 1.00 10
    Preference shares:
    Total share capital (£): 10
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 10 1.00 10
    Preference shares:
    Total share capital (£): 10