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REGISTERED NUMBER: 13976159 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mayfair Star Limited

Mayfair Star Limited (Registered number: 13976159)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mayfair Star Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr L Gallucci





SECRETARY:





REGISTERED OFFICE: 1st Floor, 21 -22 Grosvenor Street
London
W1K 4QJ





REGISTERED NUMBER: 13976159 (England and Wales)





ACCOUNTANTS: Brookstone Accountancy Limited
3rd Floor
207 Regent Street
London
W1B 3HH

Mayfair Star Limited (Registered number: 13976159)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,350,400 2,350,400

CURRENT ASSETS
Debtors 5 6,941 191
Cash at bank 184,558 184
191,499 375
CREDITORS
Amounts falling due within one year 6 2,560,883 2,353,677
NET CURRENT LIABILITIES (2,369,384 ) (2,353,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,984

)

(2,902

)

CAPITAL AND RESERVES
Called up share capital 7 1,008 1,008
Retained earnings (19,992 ) (3,910 )
SHAREHOLDERS' FUNDS (18,984 ) (2,902 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 6 November 2024 and were signed by:





Mr L Gallucci - Director


Mayfair Star Limited (Registered number: 13976159)

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

1. STATUTORY INFORMATION

Mayfair Star 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.

Investments in associates
Investments in associate undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Participating interests 1,184,100 1,184,100
Loans to undertakings in which the company
has a participating interest

1,166,300

1,166,300
2,350,400 2,350,400

Additional information is as follows:
Interest
in
associate
£   
COST
At 1 April 2023
and 31 March 2024 1,184,100
NET BOOK VALUE
At 31 March 2024 1,184,100
At 31 March 2023 1,184,100

Mayfair Star Limited (Registered number: 13976159)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS - continued
Loans to
associates
£   
At 1 April 2023
and 31 March 2024 1,166,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Called up share capital not paid 191 191
Prepayments and accrued income 6,750 -
6,941 191

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 2,557,943 2,352,957
Accrued expenses 2,940 720
2,560,883 2,353,677

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,008 Ordinary £1 1,008 1,008

8. RELATED PARTY DISCLOSURES

As at 31 March 2024 a balance of £ 2,557,943 is due to the company shareholders. The loan is interest free and repayable on demand. It is expected that this amount will be repaid by Mayfair Star Limited in the future but repayment will not be expected within twelve months of the balance sheet date.