REGISTERED NUMBER: |
Starston International Limited |
Unaudited Financial Statements |
for the period |
1 January 2023 to 30 June 2024 |
REGISTERED NUMBER: |
Starston International Limited |
Unaudited Financial Statements |
for the period |
1 January 2023 to 30 June 2024 |
Starston International Limited (Registered number: 02854810) |
Contents of the Financial Statements |
for the period 1 January 2023 to 30 June 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
Starston International Limited |
Company Information |
for the period 1 January 2023 to 30 June 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
Yare House |
62-64 Thorpe Road |
Norwich |
Norfolk |
NR1 1RY |
Starston International Limited (Registered number: 02854810) |
Statement of Financial Position |
30 June 2024 |
2024 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Starston International Limited (Registered number: 02854810) |
Statement of Financial Position - continued |
30 June 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Starston International Limited (Registered number: 02854810) |
Notes to the Financial Statements |
for the period 1 January 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
Starston International Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Preparation of consolidated financial statements |
The financial statements contain information about Starston International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Financial instruments |
Short term debtors are measured at transaction price, less any impairment. |
Short term creditors are measured at the transaction price. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities 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 statement of financial position date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Investments |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
Starston International Limited (Registered number: 02854810) |
Notes to the Financial Statements - continued |
for the period 1 January 2023 to 30 June 2024 |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 January 2023 |
Disposals | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 31 December 2022 |
The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Registered office: Havelet House, 181 South Esplanade, St Peter Port, Guernsey, GY1 1AN |
Nature of business: |
% |
Class of shares: | holding |
Matera Limited was dissolved on 29 January 2024. The company held £1 Ordinary shares of £1 each in Matera Limited, an investment holding company registered in Guernsey which equated to 100% of the issued share capital. The net liability value at 31 December 2020 was £638,843 with amounts due to the company of £2,458,525 included in that valuation. The directors therefore concluded at this time that it was unlikely there would be surplus funds available once the liabilities have been settled and therefore the written down value of the investment was reduced to nil in December 2020. On dissolution of the company there were no surplus funds. |
Registered office: PO Box 908, 82 Cherokee Road, Providenciales, Turks and Caicos Islands |
Nature of business: |
% |
Class of shares: | holding |
On 6 August 2014, 50,000 shares in Portsmouth Limited, a Turks and Caicos company were appointed to the company from the QMS International Plc Remuneration Trust First Sub-Trust for a consideration of £1,553,449. The directors expect there to be no surplus funds once the liabilities of Portsmouth Limited have been settled, and have therefore written down the value of the investment in Portsmouth Limited to nil. |
Starston International Limited (Registered number: 02854810) |
Notes to the Financial Statements - continued |
for the period 1 January 2023 to 30 June 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Other debtors |
Portsmouth Limited loan | 26,417 | 2,054,422 |
Tax |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
A loan from the company to Portsmouth Limited of £1,271,322 was written off during the year. |