Silverfin false 31/01/2023 01/02/2022 31/01/2023 N M Judd 12/01/2017 D Judd 12/01/2017 09 October 2023 The principal activity of the Company during the financial year was educational support services. SC554489 2023-01-31 SC554489 bus:Director1 2023-01-31 SC554489 bus:Director2 2023-01-31 SC554489 2022-01-31 SC554489 core:CurrentFinancialInstruments 2023-01-31 SC554489 core:CurrentFinancialInstruments 2022-01-31 SC554489 core:ShareCapital 2023-01-31 SC554489 core:ShareCapital 2022-01-31 SC554489 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC554489 core:RetainedEarningsAccumulatedLosses 2022-01-31 SC554489 core:OtherResidualIntangibleAssets 2022-01-31 SC554489 core:OtherResidualIntangibleAssets 2023-01-31 SC554489 bus:OrdinaryShareClass1 2023-01-31 SC554489 2022-02-01 2023-01-31 SC554489 bus:FullAccounts 2022-02-01 2023-01-31 SC554489 bus:SmallEntities 2022-02-01 2023-01-31 SC554489 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 SC554489 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 SC554489 bus:Director1 2022-02-01 2023-01-31 SC554489 bus:Director2 2022-02-01 2023-01-31 SC554489 core:OtherResidualIntangibleAssets core:TopRangeValue 2022-02-01 2023-01-31 SC554489 2021-02-01 2022-01-31 SC554489 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 SC554489 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC554489 (Scotland)

STAR STUDENT (SCOTLAND) LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH THE REGISTRAR

STAR STUDENT (SCOTLAND) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023

Contents

STAR STUDENT (SCOTLAND) LTD

BALANCE SHEET

AS AT 31 JANUARY 2023
STAR STUDENT (SCOTLAND) LTD

BALANCE SHEET (continued)

AS AT 31 JANUARY 2023
2023 2022
£ £
Current assets
Cash at bank and in hand 3,790 983
3,790 983
Creditors: amounts falling due within one year 4 ( 83,146) ( 63,922)
Net current liabilities (79,356) (62,939)
Total assets less current liabilities (79,356) (62,939)
Net liabilities ( 79,356) ( 62,939)
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account ( 79,358 ) ( 62,941 )
Total shareholders' deficit ( 79,356) ( 62,939)

For the financial year ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Star Student (Scotland) Ltd (registered number: SC554489) were approved and authorised for issue by the Director on 09 October 2023. They were signed on its behalf by:

N M Judd
Director
STAR STUDENT (SCOTLAND) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
STAR STUDENT (SCOTLAND) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Star Student (Scotland) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 4th Floor, 115 George Street, Edinburgh, EH2 4JN, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £79,356. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover from education support services is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 3 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks,.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 February 2022 8,064 8,064
At 31 January 2023 8,064 8,064
Accumulated amortisation
At 01 February 2022 8,064 8,064
At 31 January 2023 8,064 8,064
Net book value
At 31 January 2023 0 0
At 31 January 2022 0 0

4. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 83,146 63,922

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

6. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Key management personnel 82,045 62,782