STAR 5 HOLDINGS LTD
REGISTERED NUMBER: SC734548
STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023
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Creditors: amounts falling due within one year
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Net current (liabilities)/assets
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 January 2024.
The notes on pages 2 to 3 form part of these financial statements.
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STAR 5 HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
Star 5 Holdings Ltd is a private company, limited by shares, incorporated in Scotland. The registered office address is 66 Cavendish Way, Glenrothes, Scotland, KY6 2SB.
The Company was incorporated on 6 June 2022.
During the period, the company's accounting reference date was changed from 30 June to 30 September and therefore, the financial statements cover the sixteen month period ended 30 September 2023.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The average monthly number of employees, including directors, during the period was 5.
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Investments in subsidiary companies
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On 30 September 2022, the Company acquired 110 Ordinary A shares, 50 Ordinary B shares and 40 Ordinary C shares of £1 each of Bomad Holdings Limited.
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STAR 5 HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023
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Creditors: Amounts falling due within one year
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Creditors: Amounts falling due after more than one year
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Allotted, called up and fully paid
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1 Ordinary A Shares share of £1.00
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1 Ordinary B Shares share of £1.00
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1 Ordinary C Shares share of £1.00
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1 Ordinary D Shares share of £1.00
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1 Ordinary E Shares share of £1.00
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On incorporation, one Ordinary A share, one Ordinary B share, one Ordinary C share, one Ordinary D share and one Ordinary E share, of £1 each were issued.
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