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REGISTERED NUMBER: 04085029 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Astara Management Limited

Astara Management Limited (Registered number: 04085029)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Astara Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs J C McNair
Mrs S J Arnott





SECRETARY: Mrs S J Arnott





REGISTERED OFFICE: 1st Floor Offices
10 Hereford Road
Abergavenny
Monmouthshire
NP7 5PR





REGISTERED NUMBER: 04085029 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Park Chambers
10 Hereford Road
Abergavenny
Monmouthshire
NP7 5PR

Astara Management Limited (Registered number: 04085029)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4 4
Investments 5 964,165 331,861
964,169 331,865

CURRENT ASSETS
Debtors 6 77,977 73,436
Cash at bank and in hand 11,182 291,507
89,159 364,943
CREDITORS
Amounts falling due within one year 7 106,437 21,581
NET CURRENT (LIABILITIES)/ASSETS (17,278 ) 343,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

946,891

675,227

PROVISIONS FOR LIABILITIES 63,420 1,075
NET ASSETS 883,471 674,152

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 8 208,189 16,854
Retained earnings 675,281 657,297
SHAREHOLDERS' FUNDS 883,471 674,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Astara Management Limited (Registered number: 04085029)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mrs S J Arnott - Director


Astara Management Limited (Registered number: 04085029)

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

1. STATUTORY INFORMATION

Astara Management 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Investments
Investments in listed shares are included at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Astara Management Limited (Registered number: 04085029)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 19,790
DEPRECIATION
At 1 January 2023
and 31 December 2023 19,786
NET BOOK VALUE
At 31 December 2023 4
At 31 December 2022 4

5. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
£    £   
Other investments not loans 777,651 145,347
Other loans 186,514 186,514
964,165 331,861

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1 January 2023 145,347
Additions 438,386
Disposals (59,762 )
Revaluations 253,680
At 31 December 2023 777,651
NET BOOK VALUE
At 31 December 2023 777,651
At 31 December 2022 145,347

Astara Management Limited (Registered number: 04085029)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2022 9,834
Valuation in 2023 253,680
Cost 514,137
777,651
Other
loans
£   
At 1 January 2023
and 31 December 2023 186,514

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 40,500
Other debtors 77,977 32,936
77,977 73,436

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 907 949
Taxation and social security 8,131 14,424
Other creditors 97,399 6,208
106,437 21,581

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 16,854
Transfer 191,335

At 31 December 2023 208,189

Astara Management Limited (Registered number: 04085029)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs S J Arnott
Balance outstanding at start of year 42 (45,000 )
Amounts advanced 1,877 57,042
Amounts repaid (21,582 ) (12,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,663 ) 42

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2022 - £25,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J C McNair.