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REGISTERED NUMBER: 02816745 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

STARDUST PROPERTIES LIMITED

STARDUST PROPERTIES LIMITED (REGISTERED NUMBER: 02816745)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STARDUST PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 May 2018







DIRECTORS: Mrs M Bahous
Miss S Bahous





SECRETARY: Miss S Bahous





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 02816745 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

STARDUST PROPERTIES LIMITED (REGISTERED NUMBER: 02816745)

BALANCE SHEET
31 May 2018

31.5.18 31.5.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 310 413
Investment property 5 1,150,000 1,150,000
1,150,310 1,150,413

CURRENT ASSETS
Cash at bank 94,420 76,778

CREDITORS
Amounts falling due within one year 6 46,946 56,703
NET CURRENT ASSETS 47,474 20,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,197,784

1,170,488

CREDITORS
Amounts falling due after more than one
year

7

(105,000

)

(105,000

)

PROVISIONS FOR LIABILITIES (146,854 ) (148,498 )
NET ASSETS 945,930 916,990

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 779,101 777,457
Retained earnings 166,827 139,531
SHAREHOLDERS' FUNDS 945,930 916,990

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

STARDUST PROPERTIES LIMITED (REGISTERED NUMBER: 02816745)

BALANCE SHEET - continued
31 May 2018


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 12 November 2018 and were signed on its behalf
by:





Mrs M Bahous - Director


STARDUST PROPERTIES LIMITED (REGISTERED NUMBER: 02816745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2018

1. STATUTORY INFORMATION

Stardust Properties Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate
expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to
differentiate the non-distributable proftits with the distributable profits of the company, any fair value
movements on investment property less the deferred tax on such movements is transferred from retained earnings
to fair value reserves, which is a non-distributable reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

STARDUST PROPERTIES LIMITED (REGISTERED NUMBER: 02816745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 May 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2017
and 31 May 2018 6,958 1,188 8,146
DEPRECIATION
At 1 June 2017 6,595 1,138 7,733
Charge for year 90 13 103
At 31 May 2018 6,685 1,151 7,836
NET BOOK VALUE
At 31 May 2018 273 37 310
At 31 May 2017 363 50 413

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2017
and 31 May 2018 1,150,000
NET BOOK VALUE
At 31 May 2018 1,150,000
At 31 May 2017 1,150,000

Fair value at 31 May 2018 is represented by:

£   
Valuation in 1997 12,843
Valuation in 1999 100,000
Valuation in 2000 113,112
Valuation in 2001 70,000
Valuation in 2003 145,000
Valuation in 2017 485,000
Cost 224,045
1,150,000

If investment property had not been revalued it would have been included at the following historical cost:

31.5.18 31.5.17
£    £   
Cost 224,045 224,045

Investment property was valued on an open market basis on 31 May 2018 by the directors .

STARDUST PROPERTIES LIMITED (REGISTERED NUMBER: 02816745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 May 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Taxation and social security 9,943 10,013
Other creditors 37,003 46,690
46,946 56,703

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.18 31.5.17
£    £   
Other creditors 105,000 105,000

8. RESERVES
Fair
value
reserve
£   
At 1 June 2017 777,457
Fair value 1,644

At 31 May 2018 779,101