1 May 2022 false No description of principal activity Taxfiler 2023.10 04414913business:PrivateLimitedCompanyLtd2022-05-012023-04-30 044149132022-04-30 044149132022-05-012023-04-30 04414913business:AuditExemptWithAccountantsReport2022-05-012023-04-30 04414913business:FilletedAccounts2022-05-012023-04-30 044149132023-04-30 044149132022-04-30 04414913core:WithinOneYear2023-04-30 04414913core:WithinOneYear2022-04-30 04414913core:AfterOneYear2023-04-30 04414913core:AfterOneYear2022-04-30 04414913core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 04414913core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 04414913core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 04414913core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 04414913core:PreviouslyStatedAmount2023-04-30 04414913core:PreviouslyStatedAmount2022-04-30 04414913business:SmallEntities2022-05-012023-04-30 04414913business:Director12022-05-012023-04-30 04414913countries:EnglandWales2022-05-012023-04-30 04414913business:RegisteredOffice2022-05-012023-04-30 04414913core:ComputerEquipment2022-05-012023-04-30 04414913core:ComputerEquipment2022-04-30 04414913core:ComputerEquipment2023-04-30 044149132021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. 04414913 (England and Wales)
Groupstar Limited Unaudited accounts for the year ended 30 April 2023
Groupstar Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
656 
571 
Investment property
1,745,000 
1,745,000 
1,745,656 
1,745,571 
Current assets
Debtors
10,322 
10,000 
Cash at bank and in hand
980,332 
1,134,542 
990,654 
1,144,542 
Creditors: amounts falling due within one year
(57,930)
(60,297)
Net current assets
932,724 
1,084,245 
Total assets less current liabilities
2,678,380 
2,829,816 
Creditors: amounts falling due after more than one year
(1,344,753)
(1,574,753)
Provisions for liabilities
Deferred tax
- 
(108)
Net assets
1,333,627 
1,254,955 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,332,627 
1,253,955 
Shareholders' funds
1,333,627 
1,254,955 
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 November 2023 and were signed on its behalf by
M Kantharia Director Company Registration No. 04414913
- 2 -
Groupstar Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Groupstar Limited is a private company, limited by shares, registered in England and Wales, registration number 04414913. The registered office is 122 Charles Street, Leicester, LE1 1LB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover represents amounts receivable for rents and services.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
50% on reducing balance
Investment properties
Investment properties for which fair value can be measured reliably without undue cost and effort are included in the balance sheet at their fair value and changes recognised in profit and loss account.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 3 -
Groupstar Limited Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2022
5,025 
Additions
744 
At 30 April 2023
5,769 
Depreciation
At 1 May 2022
4,454 
Charge for the year
659 
At 30 April 2023
5,113 
Net book value
At 30 April 2023
656 
At 30 April 2022
571 
5
Investment property
2023 
£ 
Fair value at 1 May 2022
1,745,000 
At 30 April 2023
1,745,000 
The investment property fair value included in the profit for the year was determined by the directors by reference to current market prices for comparable property, adjusted for any differences in nature, location and condition.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
10,322 
10,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
19,208 
21,605 
Other creditors
38,722 
38,692 
57,930 
60,297 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
1,344,753 
1,574,753 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 4 -