Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 OC429820 STARR PMG LTD Mr Ikenna Ordor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC429820 2022-11-30 OC429820 2023-11-30 OC429820 2022-12-01 2023-11-30 OC429820 frs-core:CurrentFinancialInstruments 2023-11-30 OC429820 frs-core:Non-currentFinancialInstruments 2023-11-30 OC429820 frs-core:ComputerEquipment 2023-11-30 OC429820 frs-core:ComputerEquipment 2022-12-01 2023-11-30 OC429820 frs-core:ComputerEquipment 2022-11-30 OC429820 frs-bus:LimitedLiabilityPartnershipLLP 2022-12-01 2023-11-30 OC429820 frs-bus:LimitedLiabilityPartnershipsSORP 2022-12-01 2023-11-30 OC429820 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 OC429820 frs-bus:SmallEntities 2022-12-01 2023-11-30 OC429820 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 OC429820 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 OC429820 frs-countries:EnglandWales 2022-12-01 2023-11-30 OC429820 frs-bus:PartnerLLP1 2022-12-01 2023-11-30 OC429820 frs-bus:PartnerLLP2 2022-12-01 2023-11-30 OC429820 2021-11-30 OC429820 2022-11-30 OC429820 2021-12-01 2022-11-30 OC429820 frs-core:CurrentFinancialInstruments 2022-11-30 OC429820 frs-core:Non-currentFinancialInstruments 2022-11-30
Registered number: OC429820
STARR CAPITAL LLP
Financial Statements
For The Year Ended 30 November 2023
J B Daniels Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC429820
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 558 697
558 697
CURRENT ASSETS
Debtors 5 666,369 364,737
Cash at bank and in hand - 73,526
666,369 438,263
NET CURRENT ASSETS (LIABILITIES) 666,369 438,263
TOTAL ASSETS LESS CURRENT LIABILITIES 666,927 438,960
Creditors: Amounts Falling Due After More Than One Year 6 (194,225 ) (43,450 )
NET ASSETS ATTRIBUTABLE TO MEMBERS 472,702 395,510
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 472,701 395,509
472,701 395,509
Equity
Members' other interests
Other reserves 1 1
1 1
472,702 395,510
TOTAL MEMBERS' INTEREST
Amounts due from members (156,290) (149,637)
Loans and other debts due to members within one year 472,701 395,509
Members' other interests 1 1
316,412 245,873
Page 1
Page 2
For the year ending 30 November 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mr Ikenna Ordor
Designated Member
28/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
STARR CAPITAL LLP is a limited liability partnership, incorporated in England & Wales, registered number OC429820 . The Registered Office is 71-75 Shelton Street, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Computer Equipment 1089
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 1,452
As at 30 November 2023 1,452
Depreciation
As at 1 December 2022 755
Provided during the period 139
As at 30 November 2023 894
Net Book Value
As at 30 November 2023 558
As at 1 December 2022 697
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 510,079 -
Amounts due from members 156,290 149,637
666,369 149,637
Due after more than one year
Trade debtors - 215,100
666,369 364,737
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 43,137 43,450
Other loans 151,088 -
194,225 43,450
Page 4