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REGISTERED NUMBER: 09334542 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Mustang Star Limited

Mustang Star Limited (Registered number: 09334542)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mustang Star Limited

Company Information
for the Year Ended 31st December 2023







DIRECTOR: M R Goldsmith





REGISTERED OFFICE: 1 Daynes Way
Burgess Hill
West Sussex
RH15 9RH





REGISTERED NUMBER: 09334542 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

Mustang Star Limited (Registered number: 09334542)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 85 102
Tangible assets 5 1,165 607
1,250 709

CURRENT ASSETS
Debtors 6 14,104 10,000
Cash at bank 84,076 111,075
98,180 121,075
CREDITORS
Amounts falling due within one year 7 40,101 5,873
NET CURRENT ASSETS 58,079 115,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,329

115,911

CREDITORS
Amounts falling due after more than one
year

8

(34,827

)

(40,496

)

PROVISIONS FOR LIABILITIES (221 ) (115 )
NET ASSETS 24,281 75,300

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 24,268 75,287
SHAREHOLDERS' FUNDS 24,281 75,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Mustang Star Limited (Registered number: 09334542)

Balance Sheet - continued
31st December 2023


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 24th July 2024 and were signed by:





M R Goldsmith - Director


Mustang Star Limited (Registered number: 09334542)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Mustang Star 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Mustang Star Limited (Registered number: 09334542)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023
and 31st December 2023 170
AMORTISATION
At 1st January 2023 68
Charge for year 17
At 31st December 2023 85
NET BOOK VALUE
At 31st December 2023 85
At 31st December 2022 102

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 1,734
Additions 1,148
At 31st December 2023 2,882
DEPRECIATION
At 1st January 2023 1,127
Charge for year 590
At 31st December 2023 1,717
NET BOOK VALUE
At 31st December 2023 1,165
At 31st December 2022 607

Mustang Star Limited (Registered number: 09334542)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,104 -
Other debtors 9,000 10,000
14,104 10,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,670 5,531
Trade creditors 43 125
Taxation and social security (705 ) (6,676 )
Other creditors 35,093 6,893
40,101 5,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 34,827 40,496

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,674 16,940

9. RELATED PARTY DISCLOSURES

The other debtors figure of £9000 is owed by Medipartner Limited, a company in which Mr M Goldsmith is a director and shareholder.

Interest is being charged on the loan.