What does the cryptic crossword clue "From here, the only way is down (5,4)" mean?

The definition is "From here, the only way is down". The wordplay uses a cryptic definition. Cryptic definition The answer is NORTHPOLE.

From here, the only way is down (5,4)

Guardian Cryptic #28256 | 11 Across | 2020-10-05 flower