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Registration number: 12513086

Stardust Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Stardust Holdings Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Stardust Holdings Limited

Company Information
__________________________________________________________________________

Director

P Artemi

Registered office

Unit 20
Wrotham Business Park,
Wrotham Park,
Barnet
EN5 4SZ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Stardust Holdings Limited

(Registration number: 12513086)
Balance Sheet as at 31 March 2024
__________________________________________________________________________

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

691,997

691,997

Investments

4

200

200

 

692,197

692,197

Current assets

 

Cash at bank and in hand

 

7,294

4,257

Creditors: Amounts falling due within one year

5

(214,533)

(214,532)

Net current liabilities

 

(207,239)

(210,275)

Total assets less current liabilities

 

484,958

481,922

Creditors: Amounts falling due after more than one year

5

(491,522)

(491,473)

Net liabilities

 

(6,564)

(9,551)

Capital and reserves

 

Called up share capital

6

200

200

Retained earnings

(6,764)

(9,751)

Shareholders' deficit

 

(6,564)

(9,551)

For the financial year ending 31 March 2024 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 his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 October 2024
 

 

Stardust Holdings Limited

(Registration number: 12513086)
Balance Sheet as at 31 March 2024
__________________________________________________________________________

.........................................
P Artemi
Director

   
     
 

Stardust Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

1

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Stardust Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

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 profit or loss. 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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Stardust Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

691,997

691,997

At 31 March 2024

691,997

691,997

Depreciation

Carrying amount

At 31 March 2024

691,997

691,997

At 31 March 2023

691,997

691,997

Included within the net book value of land and buildings above is £691,997 (2023 - £691,997) in respect of freehold land and buildings.
 

4

Investments

2024
£

2023
£

Investments in subsidiaries

200

200

Subsidiaries

£

Cost or valuation

At 1 April 2023

200

Provision

Carrying amount

At 31 March 2024

200

At 31 March 2023

200

 

Stardust Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Artemi Limited

England

Ordinary shares

100%

100%

Artemi Properties

England

Ordinary shares

100%

100%

Subsidiary undertakings

Artemi Limited

The principal activity of Artemi Limited is Space hooks.

Artemi Properties

The principal activity of Artemi Properties is Property investments.

 

Stardust Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
__________________________________________________________________________

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

214,533

214,532

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

491,522

491,473

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

491,522

491,473