|
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 |
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 |