REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022 |
FOR |
STARFISH PROPERTIES (BRIGHTON) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022 |
FOR |
STARFISH PROPERTIES (BRIGHTON) LIMITED |
STARFISH PROPERTIES (BRIGHTON) LIMITED (REGISTERED NUMBER: 11066356) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
STARFISH PROPERTIES (BRIGHTON) LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
STARFISH PROPERTIES (BRIGHTON) LIMITED (REGISTERED NUMBER: 11066356) |
BALANCE SHEET |
28 NOVEMBER 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Revaluation reserve | 9 |
Retained earnings |
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. |
STARFISH PROPERTIES (BRIGHTON) LIMITED (REGISTERED NUMBER: 11066356) |
BALANCE SHEET - continued |
28 NOVEMBER 2022 |
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 |
STARFISH PROPERTIES (BRIGHTON) LIMITED (REGISTERED NUMBER: 11066356) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022 |
1. | STATUTORY INFORMATION |
Starfish Properties (Brighton) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents received in respect of the properties owned by the company. Turnover is recognised at the point it becomes due from the tenant. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 NIL (2021 - NIL). |
STARFISH PROPERTIES (BRIGHTON) LIMITED (REGISTERED NUMBER: 11066356) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 30 November 2021 |
Additions |
At 28 November 2022 |
DEPRECIATION |
At 30 November 2021 |
Charge for period |
At 28 November 2022 |
NET BOOK VALUE |
At 28 November 2022 |
At 29 November 2021 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 30 November 2021 |
Additions |
At 28 November 2022 |
NET BOOK VALUE |
At 28 November 2022 |
At 29 November 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by associates |
Other debtors |
STARFISH PROPERTIES (BRIGHTON) LIMITED (REGISTERED NUMBER: 11066356) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 NOVEMBER 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to associates | 68,741 | 68,388 |
Tax |
Other creditors |
Directors' loan accounts | 137 | 54,807 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 30 November 2021 |
Revaluation reserve | (92,345 | ) |
At 28 November 2022 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year, I R Bunday & Mrs J C J Bunday decreased their loan to the company. As at 29 November 2022, the company owed them £137 (2021: £54,807). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand. |
11. | RELATED PARTY DISCLOSURES |
As at 29 November 2022, the company owed Woodmancote Properties Limited £68,741 (2021: £68,388). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
Ms J C J Bunday and I R Bunday are majority shareholders and directors of Woodmancote Properties Limited. |
As at 29 November 2022, Clifton Properties (Brighton) Limited owed the company £79,821 (2021: £191,077). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
Ms J C J Bunday and I R Bunday are majority shareholders and directors of Clifton Properties (Brighton) Limited. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is I Bunday and Mrs J Bunday by virtue of their 100% holding of the issued share capital. |