Polarstar Development Consultancy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06269229 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

POLARSTAR DEVELOPMENT CONSULTANCY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Accountants' Report

5

DIRECTORS:

D Harris

Mrs T Harris

SECRETARY:

Mrs T Harris

REGISTERED OFFICE:

10 Lonsdale Gardens

Tunbridge wells

Kent

TN1 1NU

REGISTERED NUMBER:

06269229 (England and Wales)

ACCOUNTANTS:

Wells Associates

10 Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Property, plant and equipment

4

-

-

Investments

5

123,285

(38,336

)

123,285

(38,336

)

CURRENT ASSETS

Cash at bank

8,625

4,846

CREDITORS

Amounts falling due within one year

6

51,107

19,580

NET CURRENT LIABILITIES

(42,482

)

(14,734

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,803

(53,070

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,703

(53,170

)

SHAREHOLDERS' FUNDS

80,803

(53,070

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors on 14 December 2018 and were signed on its behalf by:

D Harris - Director

1.	STATUTORY INFORMATION

Polarstar Development Consultancy Ltd 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.

Tangible fixed assets

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

Computer equipment

-

33.33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 April 2017

and 31 March 2018

1,392

DEPRECIATION

At 1 April 2017

and 31 March 2018

1,392

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2017

(38,336

)

Disposals

(121,000

)

Share of profit/(loss)

282,621

At 31 March 2018

123,285

NET BOOK VALUE

At 31 March 2018

123,285

At 31 March 2017

(38,336

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

49,501

8,119

Other creditors

1,606

11,461

51,107

19,580

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £75,000 were paid to the directors .

The following reproduces the text of the report prepared for the directors 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 Directors 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 Polarstar Development Consultancy Ltd for the year ended 31 March 2018 which comprise the Income

Statement, 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 Board of Directors of Polarstar Development Consultancy Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Polarstar Development Consultancy Ltd and state those matters that we have agreed to state to the Board of Directors of Polarstar Development Consultancy Ltd, as a body, 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 Polarstar Development Consultancy Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Polarstar Development Consultancy Ltd 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 Polarstar Development Consultancy Ltd. You consider that Polarstar Development Consultancy Ltd 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 Polarstar Development Consultancy Ltd. 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.

Wells Associates

10 Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

Date: .............................................