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REGISTERED NUMBER: 00614281 (England and Wales)















STAR ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2024






STAR ESTATES LIMITED (REGISTERED NUMBER: 00614281)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STAR ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5TH APRIL 2024







DIRECTOR: P B Moss



REGISTERED OFFICE: Second Floor
34 Lime Street
London
EC3M 7AT



REGISTERED NUMBER: 00614281 (England and Wales)



ACCOUNTANTS: Carston ETL
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT



BANKERS: NatWest Bank Plc
160 Cricklewood Broadway
Cricklewood
London
NW2 3YZ

STAR ESTATES LIMITED (REGISTERED NUMBER: 00614281)

STATEMENT OF FINANCIAL POSITION
5TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3 4
Investment properties 5 1,520,000 1,195,000
1,520,003 1,195,004

CURRENT ASSETS
Debtors 6 831 1,866
Investments 7 100,000 100,000
Cash at bank 55,399 97,750
156,230 199,616
CREDITORS
Amounts falling due within one year 8 65,322 78,231
NET CURRENT ASSETS 90,908 121,385
TOTAL ASSETS LESS CURRENT LIABILITIES 1,610,911 1,316,389

CREDITORS
Amounts falling due after more than one year 9 (18,414 ) (40,690 )

PROVISIONS FOR LIABILITIES 10 (2,061 ) (2,061 )
NET ASSETS 1,590,436 1,273,638

CAPITAL AND RESERVES
Called up share capital 11 4,000 4,000
Fair value reserve 12 301,803 (23,197 )
Retained earnings 1,284,633 1,292,835
SHAREHOLDERS' FUNDS 1,590,436 1,273,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 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.

STAR ESTATES LIMITED (REGISTERED NUMBER: 00614281)

STATEMENT OF FINANCIAL POSITION - continued
5TH APRIL 2024


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 and authorised by the director and authorised for issue on 27th November 2024 and were signed by:





P B Moss - Director


STAR ESTATES LIMITED (REGISTERED NUMBER: 00614281)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2024


1. STATUTORY INFORMATION

Star Estates 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of consideration received or receivable, excluding value added tax. The policy adopted for the recognition of rental income is as follows:

- Rents received

- Turnover representing rental income is recognised when the rent demand has been raised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

Investment properties
Investment properties are shown at their fair value. Any adjustment to the fair value of the investment properties is recognised in the profit and loss account for the year.

In accordance with FRS 102 1A no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the director considers that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The director considers that this policy results in the financial statements giving a true and fair view.

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 statement of financial position date.


STAR ESTATES LIMITED (REGISTERED NUMBER: 00614281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment and bad debts are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6th April 2023
and 5th April 2024 2,150
DEPRECIATION
At 6th April 2023 2,146
Charge for year 1
At 5th April 2024 2,147
NET BOOK VALUE
At 5th April 2024 3
At 5th April 2023 4

5. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 6th April 2023 1,195,000
Revaluation of properties 325,000
At 5th April 2024 1,520,000
NET BOOK VALUE
At 5th April 2024 1,520,000
At 5th April 2023 1,195,000

The fair value of the investment property at the balance sheet date, in the opinion of the directors was
£1,520,000. The aggregate deficit arising from the fair values were transferred to the fair value reserves.

STAR ESTATES LIMITED (REGISTERED NUMBER: 00614281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,400
Other debtors 831 466
831 1,866

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 100,000 100,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 13,243 22,567
Other creditors 52,079 55,664
65,322 78,231

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 18,414 40,690

Refer to related party disclosure.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,061 2,061

Deferred
tax
£   
Balance at 6th April 2023 2,061
Balance at 5th April 2024 2,061

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,000 Ordinary £1 4,000 4,000

STAR ESTATES LIMITED (REGISTERED NUMBER: 00614281)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2024


12. RESERVES
Fair
value
reserve
£   
At 6th April 2023 (23,197 )
Revaluation in the year 325,000

At 5th April 2024 301,803

13. RELATED PARTY DISCLOSURES

The directors P B Moss is also the director of Compact Estates Limited.

The company had loan advances from Compact Estates Limited. Interest at the rate of 1% above base rate, amounting to £919 (2023: £2,020) has been charged in the company's accounts in respect of these borrowings. Loan advances are reduced by charges for accommodation provided by the company to Compact Estates Limited. During the year, these charges amounted to £13,000 (2023: £13,000).

There is no fixed repayment date in respect of loan advances from Compact Estates Limited and the directors do not anticipate repayments being made or demanded within one year of the balance sheet date.

At 5 April 2024, the total indebtedness due in respect of these loan advances was £18,413 (2023: £40,495).