POLARIS 2024-1 PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-03 (in 8mo)
Last made up 2025-12-20
Watchouts
Cash
£23M
Latest balance sheet
Net assets
£13K
Equity attributable
Employees
0
Average over period
Profit before tax
£1K
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on a going concern basis. ... The Originator retains the option to repurchase the mortgage pool until the optional redemption date in February 2028. ... this represents a material uncertainty that may cast significant doubt on the ability of the Company to continue as a going concern.
Net assets
1-year trend · vs Financials median
Accounts
1-year trend · latest reflected 2024-12-31
| Metric | Trend | 2024-12-31 |
|---|---|---|
| Turnover | — | |
| Operating profit | — | |
| Profit before tax | £1,000 | |
| Net profit | £750 | |
| Cash | £22,565,225 | |
| Total assets less current liabilities | £370,543,484 | |
| Net assets | £13,251 | |
| Equity | £13,251 | |
| Average employees | 0 | |
| Wages | — | |
| Directors' remuneration | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
Latest filed period vs the prior one
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 |
|---|---|---|
| Gearing (liabilities / total assets) | 100.0% | |
| Current ratio | 1.31x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- POLARIS 2024-1 PLC 2024-01-25 → present
- SATURN 2024-1 PLC 2023-12-21 → 2024-01-25
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on a going concern basis. ... The Originator retains the option to repurchase the mortgage pool until the optional redemption date in February 2028. ... this represents a material uncertainty that may cast significant doubt on the ability of the Company to continue as a going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (UK) LIMITED | Corporate Secretary | 2023-12-21 | — | — |
| MCGRATH, Catherine Mary Elizabeth | Director | 2023-12-21 | Dec 1989 | British |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2023-12-21 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2023-12-21 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Polaris 2024-1 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-21 | Active |
Filing timeline
Last 12 of 12 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-02-07 MA Memorandum articles
- 2024-01-29 RESOLUTIONS Resolution
- 2024-01-25 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-04 | AA | accounts | Accounts with accounts type full | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-13 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-02-07 | MA | incorporation | Memorandum articles | |
| 2024-01-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-25 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-12-29 | CERT8A | incorporation | Legacy | |
| 2023-12-29 | SH50 | reregistration | Application trading certificate | |
| 2023-12-28 | SH01 | capital | Capital allotment shares | |
| 2023-12-21 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.