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REGISTERED NUMBER: SC723254 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15 FEBRUARY 2022 TO 31 MARCH 2023

FOR

LUNAR STAR PROPERTIES LTD

LUNAR STAR PROPERTIES LTD (REGISTERED NUMBER: SC723254)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 15 February 2022 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LUNAR STAR PROPERTIES LTD

COMPANY INFORMATION
for the period 15 February 2022 to 31 March 2023







DIRECTOR: Mrs N Whyte





REGISTERED OFFICE: 26 Colonsay Avenue
Polmont
Falkirk
FK2 0UZ





REGISTERED NUMBER: SC723254 (Scotland)





ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ

LUNAR STAR PROPERTIES LTD (REGISTERED NUMBER: SC723254)

BALANCE SHEET
31 March 2023

Notes £    £   
FIXED ASSETS
Investment property 4 541,305

CURRENT ASSETS
Cash at bank 26,154

CREDITORS
Amounts falling due within one year 5 257,838
NET CURRENT LIABILITIES (231,684 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,621

CREDITORS
Amounts falling due after more than one year 6 291,718
NET ASSETS 17,903

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 17,902
17,903

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

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

The director acknowledges her 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.

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 13 November 2023 and were signed by:





Mrs N Whyte - Director


LUNAR STAR PROPERTIES LTD (REGISTERED NUMBER: SC723254)

NOTES TO THE FINANCIAL STATEMENTS
for the period 15 February 2022 to 31 March 2023


1. STATUTORY INFORMATION

Lunar Star Properties Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

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 represents the total of rent and service charges receivable by the company for the rental of property during the year.

Investment property
The company carries investment property at fair value with changes in fair value being recognised in the Income Statement. Any increase in value in excess of cost together with the related deferred tax are transferred to a Revaluation Reserve.

Financial instruments
Bank and other loans are shown at amortised cost, with interest and up front charges in connection with the loans being allocated to accounting periods by applying the effective interest rate method.

Taxation
Taxation for the period 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 period 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 period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 541,305
At 31 March 2023 541,305
NET BOOK VALUE
At 31 March 2023 541,305

LUNAR STAR PROPERTIES LTD (REGISTERED NUMBER: SC723254)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 15 February 2022 to 31 March 2023


4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Cost 541,305

Investment property was valued on an open market basis on 31 March 2023 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 4,141
Taxation and social security 4,199
Other creditors 249,498
257,838

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 291,718

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 271,013

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 295,859

The company bank loan is secured over the company's property.

The Director has given a personal guarantee and indemnity not exceeding £50,000 together with a further sum for all interest and all costs and expenses over a bank loan held in the company amounting to £295,859.

8. RELATED PARTY DISCLOSURES

Included within other creditors is a loan from a company which is under common control amounting to £160,000. This loan which is unsecured is provided interest free and has no agreed terms of repayment.

A company under common control is acting as a guarantor on a bank loan in the company. In the event the company is unable to meet their obligations under the terms of the bank loan, the company under common control would be liable for the following commitments £295,859 (2022: £Nil).