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REGISTERED NUMBER: 08355929 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

STARHILL PROPERTY LIMITED

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STARHILL PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: I Stern





REGISTERED OFFICE: 124 Holmleigh Road
Stamford Hill
London
N16 5PY





REGISTERED NUMBER: 08355929 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Investment property 4 860,291 860,291

CURRENT ASSETS
Stocks 5 367,476 367,476
Debtors 6 703,565 703,565
Cash at bank 25,134 143,234
1,096,175 1,214,275
CREDITORS
Amounts falling due within one year 7 (700,469 ) (860,674 )
NET CURRENT ASSETS 395,706 353,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,255,997

1,213,892

CREDITORS
Amounts falling due after more than one
year

8

(764,852

)

(772,096

)
NET ASSETS 491,145 441,796

CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 836,486 836,486
Retained earnings 11 (345,342 ) (394,691 )
SHAREHOLDERS' FUNDS 491,145 441,796

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 director and authorised for issue on 6 November 2023 and were signed by:





I Stern - Director


STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Starhill Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 860,291
NET BOOK VALUE
At 31 January 2023 860,291
At 31 January 2022 860,291

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2017 336,486
Valuation in 2019 500,000
Valuation in 2021 (555,230 )
Cost 579,035
860,291

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. STOCKS
31.1.23 31.1.22
£    £   
Stocks 367,476 367,476

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 703,565 703,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 22,317 -
Taxation and social security 10,991 8,270
Other creditors 667,161 852,404
700,469 860,674

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 728,763 728,763
Other creditors 36,089 43,333
764,852 772,096

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 728,763 728,763

Repayable by instalments
Other loans more 5yrs instal 36,089 43,333

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 728,763 728,763

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £36,089 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2022 (394,691 ) 836,486 441,795
Profit for the year 49,349 49,349
At 31 January 2023 (345,342 ) 836,486 491,144

12. ULTIMATE CONTROLLING PARTY

The controlling party is I Stern.