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Registered number: 12483837
Keystar Property Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12483837
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 155 194
Investments 5 1,808,626 1,808,626
1,808,781 1,808,820
CURRENT ASSETS
Stocks 6 580 580
Debtors 7 1,863,678 1,756,853
Investments 8 2 1
Cash at bank and in hand 7,143 3,615
1,871,403 1,761,049
Creditors: Amounts Falling Due Within One Year 9 (2,845,155 ) (2,627,250 )
NET CURRENT ASSETS (LIABILITIES) (973,752 ) (866,201 )
TOTAL ASSETS LESS CURRENT LIABILITIES 835,029 942,619
Creditors: Amounts Falling Due After More Than One Year 10 (1,144,118 ) (1,144,118 )
NET LIABILITIES (309,089 ) (201,499 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (309,189 ) (201,599 )
SHAREHOLDERS' FUNDS (309,089) (201,499)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Yuan Cui
Director
12/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Keystar Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12483837 . The registered office is 128 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20% on a reducing balance basis
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 303
As at 29 February 2024 303
Depreciation
As at 1 March 2023 109
Provided during the period 39
As at 29 February 2024 148
Net Book Value
As at 29 February 2024 155
As at 1 March 2023 194
5. Investments
Subsidiaries
£
Cost
As at 1 March 2023 1,808,626
As at 29 February 2024 1,808,626
Provision
As at 1 March 2023 -
As at 29 February 2024 -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 1,808,626
As at 1 March 2023 1,808,626
6. Stocks
2024 2023
£ £
Work in progress 580 580
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 5,000
Other debtors 250,000 1,750,024
VAT 991 1,829
Amounts owed by subsidiaries 1,612,687 -
1,863,678 1,756,853
8. Current Asset Investments
2024 2023
£ £
Unlisted investments 2 1
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Other creditors 2,094,258 2,016,266
Accruals and deferred income 1,200 1,200
Director's loan account 595,197 609,785
Amounts owed to subsidiaries 154,500 -
2,845,155 2,627,250
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,144,118 1,144,118
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4