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REGISTERED NUMBER: 09309297 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

JLR Star Limited

JLR Star Limited (Registered number: 09309297)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

JLR Star Limited

Company Information
for the year ended 30 November 2023







DIRECTORS: S D Patel
Y Theis





SECRETARY: Y Theis





REGISTERED OFFICE: Tankerton Works
12 Argyle Walk
London
WC1H 8HA





REGISTERED NUMBER: 09309297 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE

JLR Star Limited (Registered number: 09309297)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308 410
Investments 5 13,333,868 13,970,045
Investment property 6 2,850,000 2,850,000
16,184,176 16,820,455

CURRENT ASSETS
Debtors 7 3,994,599 3,511,257
Cash at bank 169,047 45,768
4,163,646 3,557,025
CREDITORS
Amounts falling due within one year 8 994,002 430,310
NET CURRENT ASSETS 3,169,644 3,126,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,353,820

19,947,170

PROVISIONS FOR LIABILITIES 26,706 26,706
NET ASSETS 19,327,114 19,920,464

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 1,636,951 1,636,951
Retained earnings 17,690,063 18,283,413
9 19,327,114 19,920,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

JLR Star Limited (Registered number: 09309297)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Y Theis - Director


JLR Star Limited (Registered number: 09309297)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

JLR 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 as modified by the revaluation of certain assets.

The preparation of financial statements in compliance with FRS 102 requires the use of certain
critical accounting estimates. It also requires management to exercise judgement in applying the
Company's accounting policies.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which
affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use
of available information and application of judgement are inherent in the formation of estimates, together
with past experience and expectations of future events that are believed to be reasonable under the
circumstances. Actual results in the future could differ from such estimates.

The directors consider the following areas to involve considerable degree of estimation uncertainty:

Investment properties
The Company’s investment properties are measured at fair value. The valuation was carried out by the
directors. The directors have used observable market prices, which can fluctuate upwards as well as
downwards and have been adjusted, as necessary, for any difference in the condition of the asset.

Investments - unquoted and quoted

The Company's unquoted investments are measured at cost less impairment. The quoted investments
are measured at fair value through the Statement of Comprehensive Income. The investments are subject
to impairment reviews based on whether current or future events and circumstances suggest that their
recoverable amount may be less than their carrying value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if
necessary for any difference in the nature, location or condition of the specific asset. No depreciation
is provided. Changes in fair value are recognised in profit or loss.


JLR Star Limited (Registered number: 09309297)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

General information
These financial statements are presented in Pounds Sterling (GBP), as that is the currency in which the
majority of the Company's transactions are denominated. They comprise the financial statements of the
Company for the year ended 30 November 2023 and are presented to the nearest pound.

The Company has determined that GBP is its functional currency, as this is the currency of the economic
environment in which the Company predominantly operates.

The principal activity of the Company during the year was that of a commercial investment company.

The Company is a United Kingdom private limited company limited by shares. It is both incorporated and
domiciled in England and Wales. The registered office address is Tankerton Works, 12 Argyle Walk,
London, WC1H 8HA.

Foreign currency translation
Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange
rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary
items measured at historical cost are translated using the exchange rate at the date of the
transaction and non-monetary items measured at fair value are measured using the exchange rate
when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the
translation at period-end exchange rates of monetary assets and liabilities denominated in foreign
currencies are recognised in profit or loss except when deferred in other comprehensive income as
qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are
presented in the Statement of Comprehensive Income within 'finance income or costs'. All other
foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

JLR Star Limited (Registered number: 09309297)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Valuation of investments
Investments in unlisted company shares, whose market value can be reliably determined, are
remeasured to market value at each balance sheet date. Gains and losses on re-measurement are
recognised in the Statement of Comprehensive Income for the period. Where market value cannot
be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Statement of
Financial Position date. Gains and losses on re-measurement are recognised in the Statement of
Comprehensive Income for the period.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 960
DEPRECIATION
At 1 December 2022 550
Charge for year 102
At 30 November 2023 652
NET BOOK VALUE
At 30 November 2023 308
At 30 November 2022 410

5. FIXED ASSET INVESTMENTS

30.11.23 30.11.22
£    £   
Other investments not loans 12,105,175 12,876,713
Other loans 1,228,693 1,093,332
13,333,868 13,970,045

JLR Star Limited (Registered number: 09309297)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 December 2022 12,876,713
Additions 216,252
Disposals (658,030 )
Impairments (329,760 )
At 30 November 2023 12,105,175
NET BOOK VALUE
At 30 November 2023 12,105,175
At 30 November 2022 12,876,713

Cost or valuation at 30 November 2023 is represented by:

Other
investments
£   
Valuation in 2021 151,449
Valuation in 2022 (285,309 )
Valuation in 2023 (330,060 )
Cost 12,569,095
12,105,175
Other
loans
£   
At 1 December 2022 1,093,332
New in year 186,265
Repayment in year (50,904 )
At 30 November 2023 1,228,693

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 2,850,000
NET BOOK VALUE
At 30 November 2023 2,850,000
At 30 November 2022 2,850,000

JLR Star Limited (Registered number: 09309297)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2021 106,410
Cost 2,743,590
2,850,000

The directors have valued the investment property and consider that the value disclosed within the
financial statements is materially accurate and fairly represents the open market value for existing use
basis.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 3,994,599 3,511,257

Included in Other Debtors is the amount of £2,606,791 (2022: £2,606,791) owed by JLR Sun SCI, a company owned equally by S.D Patel, Y Theis and JLR Star Limited and is therefore a related party.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 3,206 2,847
Other creditors 990,796 427,463
994,002 430,310

9. RECONCILIATION OF MOVEMENTS IN RESERVES
30.11.23 30.11.22
£    £   
Loss for the financial year (593,350 ) (1,121,007 )
Dividends - (1,000,000 )
(593,350 ) (2,121,007 )
Reserves brought forward - 22,041,471
Net (reduction)/addition to reserves (593,350 ) 19,920,464
Opening reserves 19,920,464 -
Closing reserves 19,327,114 19,920,464

JLR Star Limited

Report of the Accountants to the Directors of
JLR Star Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages one to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE


20 August 2024