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REGISTERED NUMBER: 09304670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

STAR HOUSING LIMITED

STAR HOUSING LIMITED (REGISTERED NUMBER: 09304670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STAR HOUSING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: C M Bard





REGISTERED OFFICE: 142a Osbaldeston Road
South Tottenham
London
N16 6NJ





REGISTERED NUMBER: 09304670 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

STAR HOUSING LIMITED (REGISTERED NUMBER: 09304670)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,553,051 1,553,051

CURRENT ASSETS
Stocks 769,218 74,774
Debtors 5 257,540 5,704
Cash at bank 351,867 629,583
1,378,625 710,061
CREDITORS
Amounts falling due within one year 6 (1,377,897 ) (790,522 )
NET CURRENT ASSETS/(LIABILITIES) 728 (80,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,553,779

1,472,590

CREDITORS
Amounts falling due after more than one
year

7

(1,106,601

)

(1,109,819

)

PROVISIONS FOR LIABILITIES (16,536 ) (16,536 )
NET ASSETS 430,642 346,235

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 70,497 70,497
Retained earnings 10 360,045 275,638
SHAREHOLDERS' FUNDS 430,642 346,235

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 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.

STAR HOUSING LIMITED (REGISTERED NUMBER: 09304670)

STATEMENT OF FINANCIAL POSITION - 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 director and authorised for issue on 28 August 2024 and were signed by:





C M Bard - Director


STAR HOUSING LIMITED (REGISTERED NUMBER: 09304670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Star Housing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

STAR HOUSING LIMITED (REGISTERED NUMBER: 09304670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,553,051
NET BOOK VALUE
At 30 November 2023 1,553,051
At 30 November 2022 1,553,051

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2016 87,033
Cost 1,466,018
1,553,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 257,540 5,704

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 43,389 18,161
Other creditors 1,314,001 752,034
Directors' current accounts 19,007 19,007
Accrued expenses 1,500 1,320
1,377,897 790,522

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans more 5 yrs non-inst 1,072,149 1,072,149
Other loans more 5yrs instal 34,452 37,670
1,106,601 1,109,819

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,072,149 1,072,149

Repayable by instalments
Other loans more 5yrs instal 34,452 37,670

STAR HOUSING LIMITED (REGISTERED NUMBER: 09304670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 1,072,149 1,072,149

1. Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £34,452 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 275,638 70,497 346,135
Profit for the year 84,407 84,407
At 30 November 2023 360,045 70,497 430,542

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C M Bard.