REGISTERED NUMBER: |
Financial Statements for the Period 12 June 2023 to 31 December 2023 |
for |
Greatstar United Kingdom Ltd |
REGISTERED NUMBER: |
Financial Statements for the Period 12 June 2023 to 31 December 2023 |
for |
Greatstar United Kingdom Ltd |
Greatstar United Kingdom Ltd (Registered number: 14929472) |
Contents of the Financial Statements |
for the Period 12 June 2023 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Greatstar United Kingdom Ltd |
Company Information |
for the Period 12 June 2023 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Certified Accountants |
and Statutory Auditors |
9 St Clare Street |
London |
EC3N 1LQ |
Greatstar United Kingdom Ltd (Registered number: 14929472) |
Balance Sheet |
31 December 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 |
Greatstar United Kingdom Ltd (Registered number: 14929472) |
Notes to the Financial Statements |
for the Period 12 June 2023 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Greatstar United Kingdom Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The company is an investment holding company and has considerable cash reserve, based on these, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. |
Preparation of financial statements as an individual company |
The financial statements contain information about Greatstar United Kingdom Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less accumulated impairment losses. |
Financial instruments |
Financial assets at amortised cost |
The company’s financial assets measured at amortised cost comprise trade and other debtors and cash and cash equivalents in the balance sheet. Cash and cash equivalents includes cash in hand, deposits held at call with banks. |
Financial liabilities |
The company does not have any liabilities held for trading nor does it voluntarily classify any financial liabilities as being at fair value through profit or loss. |
Trade creditors and other short-term monetary liabilities, which are initially recognised at fair value and are subsequently carried at amortised cost using the effective interest method. |
Offsetting financial instruments |
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis, or realise the asset and settle the liability simultaneously. |
Share capital |
Financial instruments issued by the company are classified as equity only to the extent that they do not meet the definition of a financial liability or financial asset. |
The company's ordinary shares are classified as equity instruments. |
Greatstar United Kingdom Ltd (Registered number: 14929472) |
Notes to the Financial Statements - continued |
for the Period 12 June 2023 to 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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. |
Interest income |
Interest income is recognised using the effective interest rate method. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: Unit 14/15 Lufton Heights Commerce Park, Boundary Way, Yeovil, Somerset, England, BA22 8UY |
Nature of business: |
% |
Class of shares: | holding |
Greatstar United Kingdom Ltd (Registered number: 14929472) |
Notes to the Financial Statements - continued |
for the Period 12 June 2023 to 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
The amounts owed by group undertakings are unsecured, interest free, without a fixed date of repayment and repayable on demand. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
The amounts owed to group undertakings are unsecured, interest free, without a fixed date of repayment and repayable on demand. |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
9. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is Hangzhou GreatStar Industrial Co. Ltd, a company incorporated and registered in China. |
The smallest undertaking for which the company is a member and for which group financial statements are prepared is Hangzhou GreatStar Industrial Co. Ltd. Copies of the consolidated financial statements can be obtained from the registered office of the company at No.35 Jiuhuan Road, Jianggan District, Hangzhou, Zhejiang Province, China, 310019. |
There is no one ultimate controlling party. |