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REGISTERED NUMBER: 04604006 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SEVEN STAR FINANCE LIMITED

SEVEN STAR FINANCE LIMITED (REGISTERED NUMBER: 04604006)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEVEN STAR FINANCE LIMITED

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2023







DIRECTORS: Mr F Ismail
Mr K Ismail





SECRETARY: Mr N Ismail





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 04604006 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

SEVEN STAR FINANCE LIMITED (REGISTERED NUMBER: 04604006)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,033 3,022

CURRENT ASSETS
Debtors 6 2,500 2,500

CREDITORS
Amounts falling due within one year 7 70,478 56,277
NET CURRENT LIABILITIES (67,978 ) (53,777 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,945

)

(50,755

)

CREDITORS
Amounts falling due after more than one
year

8

19,362

20,255
NET LIABILITIES (86,307 ) (71,010 )

CAPITAL AND RESERVES
Called up share capital 10 16,000 16,000
Retained earnings (102,307 ) (87,010 )
SHAREHOLDERS' FUNDS (86,307 ) (71,010 )

SEVEN STAR FINANCE LIMITED (REGISTERED NUMBER: 04604006)

BALANCE SHEET - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 7 February 2024 and were signed on its behalf by:




Mr F Ismail - Director



Mr K Ismail - Director


SEVEN STAR FINANCE LIMITED (REGISTERED NUMBER: 04604006)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Seven Star Finance 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents receivable for the year and invoiced amounts for services performed, which are calculated on an accruals basis.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Improvements to Leasehold Property - 10% straight line following the year of acquisition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
These accounts have been prepared on the going concern basis. The directors have confirmed that they will continue to provided support to the company and therefore have a reasonable expectation that the company will continue in operational existence for the foreseeable future. Accordingly they continue to adopt the going concern basis in preparing the annual report and financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SEVEN STAR FINANCE LIMITED (REGISTERED NUMBER: 04604006)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 19,495 2,137 5,259 26,891
DEPRECIATION
At 1 March 2022 16,625 2,127 5,117 23,869
Charge for year 1,950 3 36 1,989
At 28 February 2023 18,575 2,130 5,153 25,858
NET BOOK VALUE
At 28 February 2023 920 7 106 1,033
At 28 February 2022 2,870 10 142 3,022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,500 2,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,247 5,591
Other creditors 66,231 50,686
70,478 56,277

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,362 20,255

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 7,751 -

SEVEN STAR FINANCE LIMITED (REGISTERED NUMBER: 04604006)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 18,461 31,860
Between one and five years 73,844 111,510
In more than five years 79,976 -
172,281 143,370

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
16,000 Ordinary shares £1 16,000 16,000