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REGISTERED NUMBER: 11059733 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

STARFIELD ESTATES LTD

STARFIELD ESTATES LTD (REGISTERED NUMBER: 11059733)






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


STARFIELD ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Rabbi M Steren





REGISTERED OFFICE: 115 Craven Park Road
London
N15 6BL





REGISTERED NUMBER: 11059733 (England and Wales)





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

STARFIELD ESTATES LTD (REGISTERED NUMBER: 11059733)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,179 1,388
Investment property 5 1,520,000 569,700
1,521,179 571,088

CURRENT ASSETS
Debtors 6 141,752 52,832
Cash at bank 5,152 645
146,904 53,477
CREDITORS
Amounts falling due within one year 7 (163,242 ) (215,702 )
NET CURRENT LIABILITIES (16,338 ) (162,225 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,504,841

408,863

CREDITORS
Amounts falling due after more than one
year

8

(612,076

)

(440,671

)
NET ASSETS/(LIABILITIES) 892,765 (31,808 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 950,300 -
Retained earnings 11 (57,635 ) (31,908 )
SHAREHOLDERS' FUNDS 892,765 (31,808 )

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.

STARFIELD ESTATES LTD (REGISTERED NUMBER: 11059733)

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 29 August 2024 and were signed by:





Rabbi M Steren - Director


STARFIELD ESTATES LTD (REGISTERED NUMBER: 11059733)

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

1. STATUTORY INFORMATION

Starfield Estates Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 2,827
DEPRECIATION
At 1 December 2022 1,439
Charge for year 209
At 30 November 2023 1,648
NET BOOK VALUE
At 30 November 2023 1,179
At 30 November 2022 1,388

STARFIELD ESTATES LTD (REGISTERED NUMBER: 11059733)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 569,700
Revaluations 950,300
At 30 November 2023 1,520,000
NET BOOK VALUE
At 30 November 2023 1,520,000
At 30 November 2022 569,700

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 950,300
Cost 569,700
1,520,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 141,752 51,752
Prepayments - 1,080
141,752 52,832

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 3,263 3,263
Other creditors 152,682 205,922
Directors' current accounts 1,817 1,817
Accrued expenses 5,480 4,700
163,242 215,702

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans more 5 yrs non-inst 575,965 399,004
Other loans more 5yrs instal 36,111 41,667
612,076 440,671

STARFIELD ESTATES LTD (REGISTERED NUMBER: 11059733)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 575,965 399,004

Repayable by instalments
Other loans more 5yrs instal 36,111 41,667

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 575,965 399,004
Other loans 36,111 41,667
612,076 440,671

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, £36,111 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.

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 (31,908 ) - (31,908 )
Profit for the year 924,573 924,573
Revaluation reserve (950,300 ) 950,300 -
At 30 November 2023 (57,635 ) 950,300 892,665

12. ULTIMATE CONTROLLING PARTY

The controlling party is Rabbi M Steren.