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POLLMOUNT LIMITED - Company Information

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Pollmount Limited

Registered Number:00740136

For the year ended 23 December 2017

England and Wales

Unaudited Financial Statements

For the year ended 23 December 2017

Pollmount Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 23 December 2017

Pollmount Limited

Statement of Financial Position

Registered Number :

00740136

23/12/2016

23/12/2017

Notes

Fixed assets

Financial assets

6,789,099

6,629,099

6,789,099

Current assets

Trade and other receivables

5,576,963

5,543,221

60,996

Cash and cash equivalents

40,222

5,583,443

5,637,959

Trade and other payables: amounts falling due within one year

(97,887)

(53,115)

5,540,072

5,530,328

Net current assets

Total assets less current liabilities

12,159,427

12,329,171

12,159,427

Net assets

12,329,171

Capital and reserves

Called up share capital

100

Revaluation reserve

4,437,720

4,505,589

Retained earnings

3,922,017

4,020,363

Other reserves

3,799,590

3,803,119

12,159,427

12,329,171

Shareholders' funds

For the year ended 23 December 2017 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 of its financial statements for the year ended 23 December 2017 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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.

Nicholas Scott Director

These financial statements were approved and authorised for issue by the Board on 13 March 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 23 December 2017

Pollmount Limited

Notes to the Financial Statements

Statutory Information

Pollmount Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

00740136.

Registered address:

332 Hill Lane

Southampton

Hampshire

England

SO15 7NW

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain

assets.

Revenue recognition

Turnover represents rents receivable.

Investment property

Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2. Property, plant and equipment

In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as follows:

Historical cost

2,283,510

At 24 December 2016

Net historical cost value:

At 23 December 2016

At 23 December 2017

2,283,510

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For the year ended 23 December 2017

Pollmount Limited

Notes to the Financial Statements Continued

3. Investments held as fixed assets

Other investments

Total

At 24 December 2016

6,789,099

Cost

Disposals/Repayments

(160,000)

At 23 December 2017

6,629,099

At 23 December 2017

Net book value

6,629,099

At 24 December 2016

6,789,099

The only fixed asset investments are the Investment Properties, included at valuation.

4. Trade and other receivables

23/12/2016

23/12/2017

Trade debtors

2,811

41,965

Amounts owed by group undertakings and participating interests

5,540,410

5,534,998

5,576,963

5,543,221

5. Trade and other payables: amounts falling due within one year

23/12/2016

23/12/2017

Trade creditors

9,250

9,265

Taxation and social security

37,865

82,622

Other creditors

6,000

53,115

97,887

6. Reserves

Total

Revaluation reserve at 24 December 2016

4,505,589

Transfer to profit and loss account

(67,869)

4,437,720

Revaluation reserve at 23 December 2017

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