IRIS Accounts Production v23.4.0.336 04337731 director 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043377312022-06-30043377312023-06-30043377312022-07-012023-06-30043377312021-06-30043377312021-07-012022-06-30043377312022-06-3004337731ns15:EnglandWales2022-07-012023-06-3004337731ns14:PoundSterling2022-07-012023-06-3004337731ns10:Director12022-07-012023-06-3004337731ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3004337731ns10:SmallEntities2022-07-012023-06-3004337731ns10:AuditExemptWithAccountantsReport2022-07-012023-06-3004337731ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004337731ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004337731ns10:FullAccounts2022-07-012023-06-3004337731ns10:OrdinaryShareClass12022-07-012023-06-3004337731ns10:RegisteredOffice2022-07-012023-06-3004337731ns5:CurrentFinancialInstruments2023-06-3004337731ns5:CurrentFinancialInstruments2022-06-3004337731ns5:Non-currentFinancialInstruments2023-06-3004337731ns5:Non-currentFinancialInstruments2022-06-3004337731ns5:ShareCapital2023-06-3004337731ns5:ShareCapital2022-06-3004337731ns5:RevaluationReserve2023-06-3004337731ns5:RevaluationReserve2022-06-3004337731ns5:RetainedEarningsAccumulatedLosses2023-06-3004337731ns5:RetainedEarningsAccumulatedLosses2022-06-3004337731ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004337731ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3004337731ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3004337731ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3004337731ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3004337731ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3004337731ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3004337731ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-06-3004337731ns10:OrdinaryShareClass12023-06-3004337731ns5:RevaluationReserve2022-06-30
REGISTERED NUMBER: 04337731 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Starglade Commercial Limited

Starglade Commercial Limited (Registered number: 04337731)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Starglade Commercial Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: A S Forward





REGISTERED OFFICE: Knowle House
Rotherfield Road
Crowborough
East Sussex
TN6 3DY





REGISTERED NUMBER: 04337731 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Starglade Commercial Limited (Registered number: 04337731)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 200,000 200,000

CURRENT ASSETS
Debtors 5 420,299 303,379
Cash at bank 2,005 2,125
422,304 305,504
CREDITORS
Amounts falling due within one year 6 185,935 60,544
NET CURRENT ASSETS 236,369 244,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,369

444,960

CREDITORS
Amounts falling due after more than one
year

7

6,518

7,657
NET ASSETS 429,851 437,303

CAPITAL & RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 21,150 21,150
Retained earnings 408,699 416,151
SHAREHOLDERS' FUNDS 429,851 437,303

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





A S Forward - Director


Starglade Commercial Limited (Registered number: 04337731)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

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

Taxation
Taxation for the year 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 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 2 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 200,000
NET BOOK VALUE
At 30 June 2023 200,000
At 30 June 2022 200,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2017 200,000

Starglade Commercial Limited (Registered number: 04337731)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 70,295 33,269
Other debtors 335,926 260,106
Deferred tax asset 11,751 10,004
Prepayments 2,327 -
420,299 303,379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans & overdrafts 1,168 1,140
Other loans 153,000 10,000
Trade creditors 7,220 4,236
Corporation tax 5 5
Social security & other taxes 8,129 1,770
Other creditors 2,608 10,918
Directors' current accounts 13,805 32,475
185,935 60,544

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,198 1,169
Bank loans - 2-5 years 5,320 3,687
Bank loans due in more than 5 years by
instalments

-

2,801
6,518 7,657

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years by
instalments

-

2,801

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 21,150

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A S Forward.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Starglade Commercial Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Starglade Commercial Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Starglade Commercial Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Starglade Commercial Limited and state those matters that we have agreed to state to the director of Starglade Commercial Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Starglade Commercial Limited and its director for our work or for this report.

It is your duty to ensure that Starglade Commercial Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Starglade Commercial Limited. You consider that Starglade Commercial Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Starglade Commercial Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


2 April 2024