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Registered number: 05901065

Starglow Finance Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2023

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Starglow Finance Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2023
DIRECTORS
E Grosz
SECRETARY
S Grosz
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05901065
BANKERS
Lloyds
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Starglow Finance Limited

ACCOUNTS
FOR THEYEARENDED31/08/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Starglow Finance Limited

BALANCE SHEET AT 31/08/2023
20232022
Notes££
FIXED ASSETS
Tangible assets224,14325,662
CURRENT ASSETS
Debtors3494,948474,725
Cash at bank and in hand10,78812,683
505,736487,408
CREDITORS: Amounts falling due within one year4317,797159,652
NET CURRENT ASSETS187,939327,756
TOTAL ASSETS LESS CURRENT LIABILITIES212,082353,418
CREDITORS: Amounts falling due after more than one year527,50037,500
NET ASSETS184,582315,918
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account184,482315,818
SHAREHOLDERS' FUNDS184,582315,918
For the year ending 31/08/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/09/2023 and signed on their behalf by
.............................
E Grosz
Director

Starglow Finance Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1d. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Starglow Finance Limited

2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/09/202254,38454,384
Additions6,5296,529
At 31/08/202360,91360,913
Depreciation
At 01/09/202228,72228,722
For the year8,0488,048
At 31/08/202336,77036,770
Net Book Amounts
At 31/08/202324,14324,143
At 31/08/202225,66225,662
3. DEBTORS 20232022
££
Amounts falling due within one year
Amounts due from group companies494,948474,725
494,948474,725
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax298,484157,226
Other creditors17,273386
Accruals2,0402,040
317,797159,652

Starglow Finance Limited

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr27,50037,500
27,50037,500
6. EMPLOYEES
20232022
No.No.
Average number of employees--
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
50 Class A shares of £1 each5050
50 Class B shares of £1 each5050
100100
8. CONTROLLING PARTY
The company is controlled by Starglow Holdings Limited, company number 13695562, by virtue of the fact that it owns 100% of the company's issued and called up voting share capital.
The ultimate controlling party is E. Grosz, the director, by virtue of the fact that, together with his spouse, he holds 100% of the issued and called up share capital of Starglow Holdings Limited.
9. RELATED PARTY TRANSACTIONS
Other debtors includes a loan of £10,000 (2022: £229,041) to Belton 2 Limited and a loan of £202,752 (2022: £Nil) to Darville Limited. The loans are interest free and repayable on demand. Both of these companies are under common control to Starglow Finance Limited.
During the year, certain loans were advanced to the company by the director, E Grosz. The balance is interest free and repayable on demand. The balance due to the director at the year end totalled £10,665 (2022: £779).