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REGISTERED NUMBER: 11066356 (England and Wales)















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: Ms J C J Bunday
I R Bunday





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 11066356 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
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 3,915 15,035
Investments 5 11,282,660 11,251,614
11,286,575 11,266,649

CURRENT ASSETS
Debtors 6 79,829 191,084
Cash at bank 18,437 9,928
98,266 201,012
CREDITORS
Amounts falling due within one year 7 150,717 250,972
NET CURRENT LIABILITIES (52,451 ) (49,960 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,234,124 11,216,689

CREDITORS
Amounts falling due after more than one year 8 (5,750,371 ) (5,759,197 )

PROVISIONS FOR LIABILITIES (384,772 ) (292,427 )
NET ASSETS 5,098,981 5,165,065

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 3,818,658 3,818,658
Revaluation reserve 9 1,154,318 1,246,663
Retained earnings 126,003 99,742
5,098,981 5,165,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 November 2022 in accordance with Section 476 of the Companies Act 2006.

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


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 Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:





I R Bunday - Director


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 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
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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 140 13,181 86,350 5,755 105,426
Additions - - - 2,645 2,645
At 28 November 2022 140 13,181 86,350 8,400 108,071
DEPRECIATION
At 30 November 2021 140 11,038 75,558 3,655 90,391
Charge for period - 1,348 10,792 1,625 13,765
At 28 November 2022 140 12,386 86,350 5,280 104,156
NET BOOK VALUE
At 28 November 2022 - 795 - 3,120 3,915
At 29 November 2021 - 2,143 10,792 2,100 15,035

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 30 November 2021 11,251,614
Additions 31,046
At 28 November 2022 11,282,660
NET BOOK VALUE
At 28 November 2022 11,282,660
At 29 November 2021 11,251,614

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by associates 79,821 191,077
Other debtors 8 7
79,829 191,084

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 9,852 10,645
Trade creditors 420 -
Amounts owed to associates 68,741 68,388
Tax 28,376 40,052
Other creditors 41,212 75,101
Directors' loan accounts 137 54,807
Accrued expenses 1,979 1,979
150,717 250,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 5,733,857 5,734,410
Bank loans - 2-5 years 16,514 24,787
5,750,371 5,759,197

9. RESERVES
Revaluation
reserve
£   
At 30 November 2021 1,246,663
Revaluation reserve (92,345 )

At 28 November 2022 1,154,318

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.