Registered number
08067231
Starhomes Builders Investments Limited
Unaudited Filleted Accounts
30 September 2024
Starhomes Builders Investments Limited
Registered number: 08067231
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,505,986 2,506,043
Current assets
Debtors 4 19,253 17,026
Cash at bank and in hand 121,589 134,120
140,842 151,146
Creditors: amounts falling due within one year 5 (57,182) (36,000)
Net current assets 83,660 115,146
Total assets less current liabilities 2,589,646 2,621,189
Provisions for liabilities (133,358) (133,372)
Net assets 2,456,288 2,487,817
Capital and reserves
Called up share capital 2,554 2,554
Share premium 1,797,731 1,797,731
Revaluation reserve 6 605,678 605,678
Profit and loss account 50,325 81,854
Shareholders' funds 2,456,288 2,487,817
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
K P Clark
Director
Approved by the board on 26 February 2025
Starhomes Builders Investments Limited
Notes to the Accounts
for the year ended 30 September 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
The turnover shown in the statement of comprehensive income represents rents receivable during the year.
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:
Fixtures and fittings over 4 years
Office equipment over 4 years
Investment properties
Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment properties are revlaued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss.
Unrealised changes to the fair value of the investment properties together with the related deferred taxation are transferred from the profit and loss reserve to the revaluation reserve.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Investment properties Fixtures and fittings Office equipment Total
£ £ £ £
Cost or valuation
At 1 October 2023 2,505,950 305 229 2,506,484
At 30 September 2024 2,505,950 305 229 2,506,484
Depreciation
At 1 October 2023 - 305 136 441
Charge for the year - - 57 57
At 30 September 2024 - 305 193 498
Net book value
At 30 September 2024 2,505,950 - 36 2,505,986
At 30 September 2023 2,505,950 - 93 2,506,043
Tangible assets held at valuation
The directors have revalued the investment properties on the tenanted properties basis and consider them to be at their marketvalue at the reporting date
4 Debtors 2024 2023
£ £
Other debtors 19,253 17,026
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 100 284
Taxation and social security costs 17,817 18,141
Other creditors 39,265 17,575
57,182 36,000
6 Revaluation reserve 2024 2023
£ £
At 1 October 2023 605,678 605,678
At 30 September 2024 605,678 605,678
7 Other information
Starhomes Builders Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 The Barns
Mill Road
Buckden
St. Neots
Cambs
PE19 5XX
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