Registered number
11168900
Star Habitat UK Limited
Audited Financial Statements
31 March 2024
Star Habitat UK Limited
Report and accounts
Contents
Page
Company information 1
Balance sheet 2
Notes to the Financial Statements 3
Star Habitat UK Limited
Company Information
Directors
T Merchant
T M Merchant
A T Merchant
Auditors
Sharman Fielding
The Oval
57 New Walk
Leicester
Leicestershire
LE1 7EA
Registered office
1 Commonside West
Mitcham
Surrey
CR4 4HA
Registered number
11168900
Star Habitat UK Limited
Registered number: 11168900
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be that of land and property development and related activites…
Directors
The following persons served as directors during the year:
T Merchant
T M Merchant
A T Merchant
Directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 11 November 2024 and signed on its behalf.
T M Merchant
Director
Star Habitat UK Limited
Independent auditor's report
to the members of Star Habitat UK Limited
Opinion
We have audited the accounts of Star Habitat UK Limited (the 'company') for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and notes to the accounts, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the accounts:
give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the accounts and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the directors’ report for the financial year for which the accounts are prepared is consistent with the accounts; and
the directors’ report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the accounts are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the directors were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the accounts
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
A further description of our responsibilities for the audit of the accounts is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Ashok Patel
(Senior Statutory Auditor) The Oval
for and on behalf of 57 New Walk
Sharman Fielding Leicester
Statutory Auditor Leicestershire
11 November 2024 LE1 7EA
Star Habitat UK Limited
Income Statement
for the year ended 31 March 2024
2024 2023
£ £
Turnover 25,319 -
Gross profit 25,319 -
Administrative expenses (62,868) (418)
Operating loss (37,549) (418)
Loss before taxation (37,549) (418)
Tax on loss - -
Loss for the financial year (37,549) (418)
Star Habitat UK Limited
Registered number: 11168900
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investment Property 4 1,318,581 -
1,318,581 -
Current assets
Debtors 5 599,724 -
Cash at bank and in hand 105,331 26,183
705,055 26,183
Creditors: amounts falling due within one year 6 (35,106) (104)
Net current assets 669,949 26,079
Total assets less current liabilities 1,988,530 26,079
Net assets 1,988,530 26,079
Capital and reserves
Called up share capital 7 2,040,000 40,000
Share premium - -
Retained Earnings 8 (51,470) (13,921)
Shareholders' funds 1,988,530 26,079
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.
T M Merchant
Director
Approved by the board on 11 November 2024
Star Habitat UK Limited
Statement of Changes in Equity
for the year ended 31 March 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 April 2022 40,000 - - (13,503) 26,497
Loss for the financial year (418) (418)
Gain on revaluation of land and buildings - -
Deferred taxation arising on the revaluation of land and buildings - -
Other comprehensive income for the financial year - - - - -
Total comprehensive income for the financial year - - - (418) (418)
Dividends - -
Shares issued - - -
Shares redeemed - -
At 31 March 2023 40,000 - - (13,921) 26,079
Correction of prior year errors - -
Effect of retrospective changes in accounting policies - -
At 31 March 2023 as restated 40,000 - - (13,921) 26,079
At 1 April 2023 40,000 - - (13,921) 26,079
Loss for the financial year (37,549) (37,549)
Gain on revaluation of land and buildings - -
Deferred taxation arising on the revaluation of land and buildings - -
Other comprehensive income for the financial year - - - - -
Total comprehensive income for the financial year - - - (37,549) (37,549)
Dividends - -
Shares issued 2,000,000 - 2,000,000
Shares redeemed - -
At 31 March 2024 2,040,000 - - (51,470) 1,988,530
Star Habitat UK Limited
Notes to the Accounts
for the year ended 31 March 2024
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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is shown at most valuation. Any aggregate surplus or deficit arrising from
changes in fair value is recognised in profit and loss.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, exceptto the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilites 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.
Defereed 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. Derferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to appy 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.
2 Audit information
Senior statutory auditor: Ashok Patel
Firm: Sharman Fielding
Date of audit report: 11 November 2024
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
4 Investment Property
Land and buildings Total
£ £
Cost
At 1 April 2023 - -
Additions 1,318,581 1,318,581
Surplus on revaluation - -
Disposals - -
At 31 March 2024 1,318,581 1,318,581
Depreciation
At 1 April 2023 - -
Charge for the year - -
Surplus on revaluation - -
On disposals - -
At 31 March 2024 - -
Net book value
At 31 March 2024 1,318,581 1,318,581
5 Debtors 2024 2023
£ £
Trade debtors (1,522) -
Called up share capital not paid 600,000 -
Prepayments 1,246 -
599,724 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
VAT 3,614 -
Trade creditors 3,075 104
Accrued expenses 1,000 -
Taxation and social security costs 195 -
Directors' Loan Accounts 27,222 -
35,106 104
7 Called up share capital 2024 2023
£ £
Allotted and issued:
Number: Class:
2,040,000 Share capital 1 2,040,000 40,000
2,040,000 40,000
2,000,000 Ordinary shares of 1 each were allotted at apr during the year.
8 Reserves 2024 2023
£ £
Retained earnings
At 1 April 2023 (13,921) -
Deficit for the year (37,549) -
At 31 March 2024 (51,470) -
9 Ultimate Controlling party
The ultimate controlling party is T M Merchant
10 Other information
Star Habitat UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Commonside West
Mitcham
Surrey
CR4 4HA
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