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REGISTERED NUMBER: 11065613 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

STARPINES LIMITED

STARPINES LIMITED (REGISTERED NUMBER: 11065613)






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


STARPINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: C J Endzweig





REGISTERED OFFICE: Midos
Rear Of 123
Clapton common
London
E5 9AB





REGISTERED NUMBER: 11065613 (England and Wales)





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

STARPINES LIMITED (REGISTERED NUMBER: 11065613)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Investment property 5 737,473 206,527

CURRENT ASSETS
Debtors 6 10,731 4,134
Cash at bank 2,552 1,001
13,283 5,135
CREDITORS
Amounts falling due within one year 7 (209,491 ) (197,910 )
NET CURRENT LIABILITIES (196,208 ) (192,775 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,265

13,752

CREDITORS
Amounts falling due after more than one
year

8

(509,088

)

-

PROVISIONS FOR LIABILITIES (10,868 ) -
NET ASSETS 21,309 13,752

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 35,605 -
Retained earnings 11 (14,297 ) 13,751
SHAREHOLDERS' FUNDS 21,309 13,752

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.

STARPINES LIMITED (REGISTERED NUMBER: 11065613)

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 and authorised for issue by the director and authorised for issue on 22 August 2024 and were signed by:





C J Endzweig - Director


STARPINES LIMITED (REGISTERED NUMBER: 11065613)

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

1. STATUTORY INFORMATION

Starpines 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.

4. EMPLOYEES AND DIRECTORS

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

STARPINES LIMITED (REGISTERED NUMBER: 11065613)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 206,527
Additions 487,473
Revaluations 43,473
At 30 November 2023 737,473
NET BOOK VALUE
At 30 November 2023 737,473
At 30 November 2022 206,527

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 43,473
Cost 694,000
737,473

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,618 1,343
Other debtors 9,113 2,791
10,731 4,134

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 1,967 3,226
Other creditors 207,524 194,684
209,491 197,910

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 509,088 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 320,393 -

Repayable by instalments
Bank loans more 5 yr by instal 188,695 -

STARPINES LIMITED (REGISTERED NUMBER: 11065613)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 509,088 -

Bank loan is secured by the way of charge against the company's investment properties.

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 December 2022 13,751 - 13,751
Profit for the year 7,557 7,557
Fair value gain/loss (35,605 ) 35,605 -
At 30 November 2023 (14,297 ) 35,605 21,308