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REGISTERED NUMBER: 10162420 (England and Wales)


















5 Star Investments (London) Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023






5 Star Investments (London) Ltd (Registered number: 10162420)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


5 Star Investments (London) Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: P Shah
N Shah





REGISTERED OFFICE: 2nd Floor
1 Bell Street
London
NW1 5BY





REGISTERED NUMBER: 10162420 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

5 Star Investments (London) Ltd (Registered number: 10162420)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 11,560 -
Investment property 5 974,494 845,900
986,054 845,900

CURRENT ASSETS
Debtors 6 - 17,519
Cash at bank 13,983 32,429
13,983 49,948
CREDITORS
Amounts falling due within one year 7 (278,531 ) (278,478 )
NET CURRENT LIABILITIES (264,548 ) (228,530 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,506

617,370

CREDITORS
Amounts falling due after more than one
year

8

(577,442

)

(492,709

)

PROVISIONS FOR LIABILITIES (29,110 ) (27,717 )
NET ASSETS 114,954 96,944

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 124,099 118,163
Retained earnings (9,245 ) (21,319 )
SHAREHOLDERS' FUNDS 114,954 96,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

5 Star Investments (London) Ltd (Registered number: 10162420)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 25 October 2023 and were signed on its behalf by:





N Shah - Director


5 Star Investments (London) Ltd (Registered number: 10162420)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

5 Star Investments (London) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

Going concern
On the basis that shareholders have undertaken not to seek repayment of their loans and will provide additional support if necessary to meet the company's liabilities as and when they fall due, the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5 Star Investments (London) Ltd (Registered number: 10162420)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
Additions 11,500
Revaluations 60
At 31 May 2023 11,560
NET BOOK VALUE
At 31 May 2023 11,560

Cost or valuation at 31 May 2023 is represented by:

Listed
investments
£   
Valuation in 2023 60
Cost 11,500
11,560

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 845,900
Additions 121,325
Revaluations 7,269
At 31 May 2023 974,494
NET BOOK VALUE
At 31 May 2023 974,494
At 31 May 2022 845,900

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2023 153,149
Cost 821,345
974,494

If Investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 821,345 700,020

Investment properties were valued on average prices basis on 31 May 2023 by Directors' of the company .

5 Star Investments (London) Ltd (Registered number: 10162420)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 17,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 278,531 278,478

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 577,442 492,709

Bank loan outstanding at the reporting date include instalments due after more than five years of £577,442 (2022: £492,709).

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 577,442 492,709

The bank loan is secured against the investment properties held by the company.

10. RELATED PARTY DISCLOSURES

Shareholders Loan
During the year no working capital was provided by shareholders. The amount remains outstanding as at year end is £277,328 (2022: £277,328).