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REGISTERED NUMBER: 03575257 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

HALLSTAR TRADING LTD

HALLSTAR TRADING LTD (REGISTERED NUMBER: 03575257)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HALLSTAR TRADING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: J Liebermann





SECRETARY: Mrs M Liebermann





REGISTERED OFFICE: 17 The Grove
London
NW11 9SJ





REGISTERED NUMBER: 03575257 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

HALLSTAR TRADING LTD (REGISTERED NUMBER: 03575257)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 46 54

CURRENT ASSETS
Stocks 5 640 1,045
Debtors 6 10,420 18,187
Cash at bank 7,747 7,849
18,807 27,081
CREDITORS
Amounts falling due within one year 7 (39,346 ) (49,050 )
NET CURRENT LIABILITIES (20,539 ) (21,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,493

)

(21,915

)

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (20,495 ) (21,917 )
SHAREHOLDERS' FUNDS (20,493 ) (21,915 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 21 November 2023 and were signed by:





J Liebermann - Director


HALLSTAR TRADING LTD (REGISTERED NUMBER: 03575257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Hallstar Trading Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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 year was NIL (2022 - NIL).

HALLSTAR TRADING LTD (REGISTERED NUMBER: 03575257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 1,796 2,528 4,324
DEPRECIATION
At 1 July 2022 1,742 2,528 4,270
Charge for year 8 - 8
At 30 June 2023 1,750 2,528 4,278
NET BOOK VALUE
At 30 June 2023 46 - 46
At 30 June 2022 54 - 54

5. STOCKS
30.6.23 30.6.22
£    £   
Stocks 640 1,045

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 10,420 18,187

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 13,603 18,809
Tax 335 1,357
Social security and other taxes - 2,378
VAT 83 111
Other creditors 21,972 21,972
Directors' current accounts 1,728 2,798
Accrued expenses 1,625 1,625
39,346 49,050

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1 2 2

HALLSTAR TRADING LTD (REGISTERED NUMBER: 03575257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. RESERVES
Retained
earnings
£   

At 1 July 2022 (21,917 )
Profit for the year 1,422
At 30 June 2023 (20,495 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Liebermann.