2023-02-01 2024-01-31 05676657 Starchi Ltd false 05676657 2023-02-01 2024-01-31 05676657 uk-bus:Director1 2023-02-01 2024-01-31 05676657 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05676657 uk-bus:SmallEntities 2023-02-01 2024-01-31 05676657 uk-bus:FullAccounts 2023-02-01 2024-01-31 05676657 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05676657 2023-02-01 05676657 2024-01-31 05676657 2023-01-31 xbrli:pure iso4217:GBP 05676657 2022-02-01 2023-01-31
Company Registration Number : 05676657 (England and Wales)
05676657
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-01-31
false
Starchi Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-02-01
Starchi Ltd
Unaudited filleted financial statements
For the year ended 31 January 2024
Starchi Ltd
Contents
For the year ended 31 January 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Starchi Ltd
Company Information
For the year ended 31 January 2024

Company registration number 05676657 (England and Wales)
Directors Nwakaego Njideka Uba-Machie
Chinedu Ikechukwu Machie
Company secretary Chinedu Ikechukwu Machie
Registered office address 8 Arundel Drive
Chelsfield
Kent
BR6 9JG
Accountant DNS Associates
Chartered Institute of Management Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
Starchi Ltd
Statement of Financial Position
For the year ended 31 January 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 232 465
Investment Property 313,065 313,065
5 313,298 313,530
Current assets
Debtors 1,553 355
Cash and cash equivalents 10,485 4,374
12,038 4,728
Current liabilities
Creditors: Amounts falling due within one year (17,871) (19,944)
Corporation tax payable (1,974) (451)
(19,846) (20,395)
Net current (liabilities)/assets (7,808) (15,667)
Total assets less current liabilities 305,490 297,863
Non-current liabilities
Creditors: Amounts falling due after more than one year (291,039) (289,603)
Net assets/(liabilities) 14,450 8,260
Capital and reserves
Called up share capital 103 100
Retained earnings 14,347 8,160
Shareholder's funds 14,450 8,260
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 January 2024 the company was entitled to exemption from audit 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 06 June 2024
.............................
Nwakaego Njideka Uba-Machie (Director)
Company registration number: 05676657
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-01-31 31 January 2024
2024 2023
£ £
Fixed Assets 313,298 313,530
Current Assets 11,725 4,374
Prepayments and accrued income 313 355
Creditors: amounts falling due within one year (19,846) (20,395)
Net current assets (liabilities) (7,808) (15,667)
Total assets less current liabilities 305,490 297,863
CREDITORS: Amounts falling due more than one year (291,039) (289,603)
Net Assets (liabilities) 14,450 8,260
Capital and Reserves 14,450 8,260
For the year ending 31/01/2024 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. For the year ending 31-01-2024 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 for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 06 June 2024 2024-06-06 and signed on behalf of the board,
.............................
Nwakaego Njideka Uba-Machie
Director
Company registration number: 05676657
Starchi Ltd
Notes to the Financial Statements
For the year ended 31 January 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 8 Arundel Drive, Chelsfield, Kent, BR6 9JG.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% straight line
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 February 2023929313,065313,994
As at 31 January 2024929313,065313,994
Depreciation/Amortisation
As at 01 February 2023464-464
For the year232-232
As at 31 January 2024696-696
Net book value
As at 31 January 2024233313,065313,298
As at 31 January 2023465313,065313,530

(6) Investment Properties
These financial statements for the year ended 31 January 2024 are prepared by FRS 102 1a "The financial reporting standard applicable in the UK and Republic of Ireland". The property is being measured at fair value under FRS 102 1a and no fair value gains or losses were found during the year.

(7) Mortgage Loan
The mortgage loans are secured by the investment properties.