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REGISTERED NUMBER: 04172426 (England and Wales)















5 STAR PROPERTIES & INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






5 STAR PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 04172426)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


5 STAR PROPERTIES & INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A J Clarke
G P Clarke





SECRETARY: G P Clarke





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 04172426 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

5 STAR PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 04172426)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 736,386 868,317

CURRENT ASSETS
Debtors 5 - 2,750
Cash at bank and in hand 4,901 4,460
4,901 7,210
CREDITORS
Amounts falling due within one year 6 453,407 524,408
NET CURRENT LIABILITIES (448,506 ) (517,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,880

351,119

CREDITORS
Amounts falling due after more than one
year

7

193,053

197,880
NET ASSETS 94,827 153,239

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 8 60,543 116,005
Retained earnings 34,280 37,230
SHAREHOLDERS' FUNDS 94,827 153,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

5 STAR PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 04172426)

BALANCE SHEET - continued
30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





G P Clarke - Director


5 STAR PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 04172426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

5 Star Properties & Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - nil
Plant and machinery etc - 25% on reducing balance

Revaluation of tangible fixed assets
As permitted by the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective April 2008) the company has elected not to adopt a policy of revaluation of tangible fixed assets. The company will retain the book value of land and buildings, previously revalued at 1 May 2004 and will not update this valuation.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Fixture & Computer
property Fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 867,625 19,183 2,816 889,624
Disposals (131,758 ) - - (131,758 )
At 30 April 2024 735,867 19,183 2,816 757,866
DEPRECIATION
At 1 May 2023 - 18,491 2,816 21,307
Charge for year - 173 - 173
At 30 April 2024 - 18,664 2,816 21,480
NET BOOK VALUE
At 30 April 2024 735,867 519 - 736,386
At 30 April 2023 867,625 692 - 868,317

5 STAR PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 04172426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2024 is represented by:

Freehold Fixture & Computer
property Fittings equipment Totals
£    £    £    £   
Valuation in 2004 84,940 - - 84,940
Cost 650,927 19,183 2,816 672,926
735,867 19,183 2,816 757,866

If the land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 730,928 807,224

The UK freehold properties were valued on an open market basis on 1 May 2004 by Pearson Gore Limited, Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,000 16,540
Corporation Tax - 239
Sundry creditors 23,011 23,011
Deposits in hand 2,295 2,295
Directors' current accounts 338,071 401,924
Accrued expenses 79,030 80,399
453,407 524,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 193,053 197,880

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 193,053 197,880

5 STAR PROPERTIES & INVESTMENTS LIMITED (REGISTERED NUMBER: 04172426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023 116,005
Disposal (55,462 )

At 30 April 2024 60,543