POLARIS_CAPITAL_LIMITED - Accounts

POLARIS CAPITAL LIMITED - Company Information

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Company Registration No. 09276179 (England and Wales)

POLARIS CAPITAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

POLARIS CAPITAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

POLARIS CAPITAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

3,215,872

3,208,134

Creditors: amounts falling due within one year

(3,205,800)

Total assets less current liabilities

10,072

2,334

Capital and reserves

Called up share capital

Profit and loss account

10,071

2,333

Shareholders' funds

10,072

2,334

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 March 2017

Mr M Murphy

Director

Company Registration No. 09276179

POLARIS CAPITAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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.

1.2

Going concern

The financial statements are prepared on the going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

Ultimate parent company

The ultimate parent company is Polaris Capital (One) Limited, a company registered in England and Wales.