Delta-Star Properties Limited 05660072 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is development and sell real estate, and installation electrical wiring Digita Accounts Production Advanced 6.30.9574.0 true true 05660072 2023-01-01 2023-12-31 05660072 2023-12-31 05660072 bus:OrdinaryShareClass1 2023-12-31 05660072 core:RetainedEarningsAccumulatedLosses 2023-12-31 05660072 core:CurrentFinancialInstruments 2023-12-31 05660072 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05660072 bus:SmallEntities 2023-01-01 2023-12-31 05660072 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05660072 bus:FullAccounts 2023-01-01 2023-12-31 05660072 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05660072 bus:RegisteredOffice 2023-01-01 2023-12-31 05660072 bus:CompanySecretary1 2023-01-01 2023-12-31 05660072 bus:Director2 2023-01-01 2023-12-31 05660072 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05660072 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05660072 bus:Agent1 2023-01-01 2023-12-31 05660072 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05660072 core:FurnitureFittings 2023-01-01 2023-12-31 05660072 core:PlantMachinery 2023-01-01 2023-12-31 05660072 countries:England 2023-01-01 2023-12-31 05660072 2022-12-31 05660072 core:RetainedEarningsAccumulatedLosses 2022-12-31 05660072 2022-01-01 2022-12-31 05660072 2022-12-31 05660072 bus:OrdinaryShareClass1 2022-12-31 05660072 core:RetainedEarningsAccumulatedLosses 2022-12-31 05660072 core:CurrentFinancialInstruments 2022-12-31 05660072 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 05660072 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 05660072 2021-12-31 05660072 core:RetainedEarningsAccumulatedLosses 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05660072

Delta-Star Properties Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Delta-Star Properties Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 8

 

Delta-Star Properties Limited

Company Information

Director

Mrs Fiona Louise Smith

Company secretary

Mr Richard Geoffrey Smith

Registered office

The Stable
East Street
Pembridge
Leominster
Herefordshire
HR6 9HB

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

Delta-Star Properties Limited

Director's Report for the Year Ended 31 December 2023

The director presents her report and the financial statements for the year ended 31 December 2023.

Director of the company

The director who held office during the year was as follows:

Mrs Fiona Louise Smith

Principal activity

The principal activity of the company is development and sell real estate, and installation electrical wiring

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 September 2024
 

.........................................
Mr Richard Geoffrey Smith
Company secretary

.........................................
Mrs Fiona Louise Smith
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Delta-Star Properties Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Delta-Star Properties Limited for the year ended 31 December 2023 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Delta-Star Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Delta-Star Properties Limited. You consider that Delta-Star Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Delta-Star Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

20 September 2024

 

Delta-Star Properties Limited

(Registration number: 05660072)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

106,070

111,723

Current assets

 

Debtors

5

56,387

54,125

Cash at bank and in hand

 

10

705

 

56,397

54,830

Creditors: Amounts falling due within one year

6

(430,055)

(406,340)

Net current liabilities

 

(373,658)

(351,510)

Total assets less current liabilities

 

(267,588)

(239,787)

Provisions for liabilities

(5,181)

(6,255)

Net liabilities

 

(272,769)

(246,042)

Capital and reserves

 

Retained earnings

(272,769)

(246,042)

Shareholders' deficit

 

(272,769)

(246,042)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 20 September 2024
 

.........................................
Mr Richard Geoffrey Smith
Company secretary

.........................................
Mrs Fiona Louise Smith
Director

 

Delta-Star Properties Limited

Statement of Changes in Equity for the Year Ended 31 December 2023

Retained earnings
£

Total
£

At 1 January 2023

(246,042)

(246,042)

Loss for the year

(26,727)

(26,727)

At 31 December 2023

(272,769)

(272,769)

Retained earnings
£

Total
£

At 1 January 2022

(231,700)

(231,700)

Loss for the year

(14,342)

(14,342)

At 31 December 2022

(246,042)

(246,042)

 

Delta-Star Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Stable
East Street
Pembridge
Leominster
Herefordshire
HR6 9HB

These financial statements were authorised for issue by the director on 20 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Delta-Star Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment fixtures and fittings

25% reducing balance

Plant and machinery

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Delta-Star Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Included within the net book value of land and buildings above is £78,667 (2022 - £78,667) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

646

1,181

Other debtors

55,741

52,944

 

56,387

54,125

6

Creditors

Creditors: amounts falling due within one year

Note

2023
 £

2022
 £

Due within one year

 

trade creditors

 

1,002

987

Directors loan account

429,053

405,353

 

430,055

406,340

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2