Registered number
09954461
Black Star Property Ltd
Filleted Accounts
30 April 2024
Black Star Property Ltd
Registered number: 09954461
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Investments 4 1 -
Current assets
Debtors 5 47,949 68,033
Cash at bank and in hand 1,092 37
49,041 68,070
Creditors: amounts falling due within one year 6 (110,675) (156,482)
Net current liabilities (61,634) (88,412)
Net liabilities (61,633) (88,412)
Capital and reserves
Called up share capital 7 100 100
Profit and loss account (61,733) (88,512)
Shareholder's funds (61,633) (88,412)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
R E Kelly
Director
Approved by the board on 30 January 2025
Black Star Property Ltd
Notes to the Accounts
for the period from 1 February 2023 to 30 April 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).

The accounts are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Going concern
The accounts have been prepared on a going concern basis as detailed in note 8 to the accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 February 2023 1,399
Disposals (1,399)
At 30 April 2024 -
Depreciation
At 1 February 2023 1,399
On disposals (1,399)
At 30 April 2024 -
Net book value
At 30 April 2024 -
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 1
At 30 April 2024 1
5 Debtors 2024 2023
£ £
Other debtors 47,949 68,033
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 15,500 15,500
Amounts owed to group undertakings and undertakings in which the company has a participating interest 13,133 60,173
Other creditors 82,042 80,809
110,675 156,482
7 Share capital 2024 2023
£ £
Allotted, called up and fully paid:
Ordinary shares 100 100
8 Going concern
The accounts have been prepared on the going concern basis. However, the balance sheet shows the company had net liabilities of £61,633 at 30 April 2024. The ability of the company to continue trading as a going concern will depend on the ongoing support of it's director and the willingness of creditors to continue to provide credit.
9 Other information
Black Star Property Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Unit 9 Oundle Marina
Barnwell Road
Oundle
Peterborough
PE8 5PA
Its registered number: 09954461
This accounting period has been extended to a fifteen month period to align with that of the subsidiary company. The comparatives in the accounts are not entirely comparable as they relate to the year ended 31 January 2023.
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