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REGISTERED NUMBER: 07582800 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE STAR WEYMOUTH LIMITED

THE STAR WEYMOUTH LIMITED (REGISTERED NUMBER: 07582800)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


THE STAR WEYMOUTH LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTOR: T J Grattan





REGISTERED OFFICE: 4 Moorholme
Woking
Surrey
GU22 7QZ





REGISTERED NUMBER: 07582800 (England and Wales)

THE STAR WEYMOUTH LIMITED (REGISTERED NUMBER: 07582800)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 230,000 220,000

CURRENT ASSETS
Debtors 36,325 46,598
Cash at bank 6,474 16,078
42,799 62,676
CREDITORS
Amounts falling due within one year 81,125 95,316
NET CURRENT LIABILITIES (38,326 ) (32,640 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,674

187,360

CREDITORS
Amounts falling due after more than one year (200,000 ) (200,000 )

PROVISIONS FOR LIABILITIES (4,991 ) (3,091 )
NET LIABILITIES (13,317 ) (15,731 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (13,417 ) (15,831 )
SHAREHOLDERS' FUNDS (13,317 ) (15,731 )

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

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





T J Grattan - Director


THE STAR WEYMOUTH LIMITED (REGISTERED NUMBER: 07582800)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

The Star Weymouth 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

The financial statements have been prepared on a going concern basis, which the director considers to be appropriate, as he has agreed not to withdraw his loan account and to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover
Turnover represents rent receivable from investment properties, excluding value added tax, during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Investment property
Investment properties are measured at fair value at each reporting date, with gains or losses recognised in the profit or loss account. Properties are revalued annually using an open market valuation basis. Material deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods.

Current tax assets and liabilities are not discounted and are 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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 220,000
Revaluations 10,000
At 31 March 2023 230,000
NET BOOK VALUE
At 31 March 2023 230,000
At 31 March 2022 220,000

THE STAR WEYMOUTH LIMITED (REGISTERED NUMBER: 07582800)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023


4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2012 11,269
Valuation in 2013 20,000
Valuation in 2016 5,000
Valuation in 2020 (20,000 )
Valuation in 2023 10,000
Cost 203,731
230,000

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

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023, a director had loaned the company £268,817 (2022 - £279,066).

£200,000 (2022 - £200,000) is repayable after more than one year, subject to renewal.