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Registered number: 09317069
North Star Law Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Accountum Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09317069
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,524 16,088
9,524 16,088
CURRENT ASSETS
Debtors 5 2,384,038 1,916,961
Cash at bank and in hand 148,668 336,031
2,532,706 2,252,992
Creditors: Amounts Falling Due Within One Year 6 (473,232 ) (521,398 )
NET CURRENT ASSETS (LIABILITIES) 2,059,474 1,731,594
TOTAL ASSETS LESS CURRENT LIABILITIES 2,068,998 1,747,682
NET ASSETS 2,068,998 1,747,682
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 2,068,997 1,747,681
SHAREHOLDERS' FUNDS 2,068,998 1,747,682
For the year ending 31 March 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
B M Bech
Director
23/08/2024
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
North Star Law Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09317069 . The registered office is 24 Old Queen Street, London, SW1H 9HP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20%
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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2.8. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 12)
15 12
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 35,590
Additions 692
As at 31 March 2024 36,282
Depreciation
As at 1 April 2023 19,502
Provided during the period 7,256
As at 31 March 2024 26,758
Net Book Value
As at 31 March 2024 9,524
As at 1 April 2023 16,088
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 555,887 466,755
Prepayments and accrued income 47,964 58,993
Other debtors 1,780,187 1,391,213
2,384,038 1,916,961
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 67,539 97,961
Corporation tax 109,294 100,816
Other taxes and social security 114,610 64,445
Other creditors 1,789 1,773
Accruals and deferred income 180,000 256,403
473,232 521,398
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 100,000 100,000
Later than one year and not later than five years 100,000 200,000
200,000 300,000
9. Related Party Transactions
24 Old Queen Street Limited (formerly 2442 Limited)Company under common controlLoan balance due from company: £1,774,000 (2023: £1,379,047).

24 Old Queen Street Limited (formerly 2442 Limited)

Company under common control

Loan balance due from company: £1,774,000 (2023: £1,379,047).

B M BechDirector of the companySalary paid to director in the year: £9,096 (2023: £9,096). Dividends paid to director: £nil (2023: £nil).

B M Bech

Director of the company

Salary paid to director in the year: £9,096 (2023: £9,096). Dividends paid to director: £nil (2023: £nil).

10. Ultimate Controlling Party
The company's ultimate controlling party is B M Bech by virtue of her ownership of 100% of the issued share capital in the company.
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