Registered number
05940925
Starclass (The Riverway) Limited
Filleted Accounts
31 December 2023
Starclass (The Riverway) Limited
Registered number: 05940925
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 14,127,503 14,099,599
Cash at bank and in hand 4,292 2,439
14,131,795 14,102,038
Creditors: amounts falling due within one year 4 (13,945,937) (7,413,755)
Net current assets 185,858 6,688,283
Net assets 185,858 6,688,283
Capital and reserves
Called up share capital 1 1
Profit and loss account 185,857 6,688,282
Shareholder's funds 185,858 6,688,283
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A I Spencer
Director
Approved by the board on 1 July 2024
Starclass (The Riverway) Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, for the rental of the investment properties.
Investment properties
Investment properties are included at fair value. Gains and losses on revaluation are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Trade debtors - (750)
Amounts owed by group undertakings 2,777,949 13,048,377
Other debtors 11,349,554 1,051,972
14,127,503 14,099,599
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings 13,942,697 7,408,595
Other creditors 3,240 5,160
13,945,937 7,413,755
5 Related party transactions
The company has taken advantage of the exemption available under FRS 102 Section 33, Related Party Disclosure, not to disclose transactions entered into between 2 or more members of a group.
6 Other information
Starclass (The Riverway) Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Jacobs Well Mews
London
W1U 3DY
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