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Registration number: 11109132

Starpoint Holdings Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2023

 

Starpoint Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Starpoint Holdings Limited

Company Information

Directors

S. J. O'Hara

P. Barry

R. L. Rostas

Registered office

3-5 College Street
Nottingham
NG1 5AQ

Auditors

Robert Whowell & Partners LLP
Chartered Accountants
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

Starpoint Holdings Limited

(Registration number: 11109132)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,103

1,103

Current assets

 

Debtors

5

524,105

520,942

Cash at bank and in hand

 

36,593

51,627

 

560,698

572,569

Creditors: Amounts falling due within one year

6

(4,000)

(4,000)

Net current assets

 

556,698

568,569

Net assets

 

557,801

569,672

Capital and reserves

 

Called up share capital

7

1,053

1,053

Share premium reserve

55,047

55,047

Retained earnings

501,701

513,572

Shareholders' funds

 

557,801

569,672

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 May 2024 and signed on its behalf by:
 

.........................................
S. J. O'Hara
Director

 

Starpoint Holdings Limited

Notes to the 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 and Wales.

The address of its registered office is:
3-5 College Street
Nottingham
NG1 5AQ

These financial statements were authorised for issue by the Board on 17 May 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.

Summary of disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

Audit report
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 20 May 2024 was Paul Johnson FCA, who signed for and on behalf of Robert Whowell & Partners LLP.

 

Starpoint Holdings Limited

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

Exemption from preparing group accounts

The financial statements contain information about Starpoint Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group.

The company is exempt under section 400 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Orchid Bidco Limited.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit and loss account. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Starpoint Holdings Limited

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

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,103

1,103

Subsidiaries

£

Cost or valuation

At 1 January 2023

1,103

At 31 December 2023

1,103

Carrying amount

At 31 December 2023

1,103

At 31 December 2022

1,103

5

Debtors

Current

2023
£

2022
£

Amounts owed by related parties

523,523

516,323

Prepayments

517

4,619

Other debtors

65

-

524,105

520,942

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals

4,000

4,000

 

Starpoint Holdings Limited

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

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1,053

1,053

1,053

1,053

         

8

Related party transactions

Advantage has been taken of the exemption provided by FRS 102 Section 33.1A not to disclose transactions with fellow group companies as all subsidiary undertakings are wholly owned.

During the year the company paid management charges of £268,000 (2022: £250,000) to a fellow group company under common control.

9

Parent and ultimate parent undertaking

The company's immediate parent is Orchid Bidco Limited, incorporated in England and Wales.

 The ultimate parent is TIC Holdco Limited.

 The most senior parent entity producing publicly available financial statements is TIC Holdco Limited. These financial statements are available upon request from the registered office, 3 Cadogan Gate, London, SW1X 0AS.

 The ultimate controlling party is P. Dubens.