REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2023 |
FOR |
SEVEN STAR FINANCE LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
SEVEN STAR FINANCE LIMITED (REGISTERED NUMBER: 04604006) |
BALANCE SHEET - continued |
28 FEBRUARY 2023 |
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. |
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 |
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 |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable for the year and invoiced amounts for services performed, which are calculated on an accruals basis. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
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 |
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 |
DEPRECIATION |
At 1 March 2022 |
Charge for year |
At 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
At 28 February 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
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 |
Between one and five years |
In more than five years |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary shares | £1 | 16,000 | 16,000 |