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REGISTERED NUMBER: 02854810 (England and Wales)















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: P B Gamble
T A Hale





SECRETARY: T A Hale





REGISTERED OFFICE: Harvest Cottage
Mill Road
Banham
Norwich
Norfolk
NR16 2HU





REGISTERED NUMBER: 02854810 (England and Wales)





ACCOUNTANTS: TC Group
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 - 20,000

CURRENT ASSETS
Debtors 5 598,524 2,633,424
Cash at bank 290,045 99,616
888,569 2,733,040
CREDITORS
Amounts falling due within one year 6 (21,550 ) (459,358 )
NET CURRENT ASSETS 867,019 2,273,682
TOTAL ASSETS LESS CURRENT LIABILITIES 867,019 2,293,682

CAPITAL AND RESERVES
Called up share capital 50,050 50,050
Capital redemption reserve 3 3
Retained earnings 816,966 2,243,629
SHAREHOLDERS' FUNDS 867,019 2,293,682

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Starston International Limited (Registered number: 02854810)

Statement of Financial Position - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





P B Gamble - Director


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 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 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
Fixed asset investments are stated at cost less provision for diminution in value.

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 20,000
Disposals (20,000 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 31 December 2022 20,000

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Matera Limited
Registered office: Havelet House, 181 South Esplanade, St Peter Port, Guernsey, GY1 1AN
Nature of business: Investment holding company
%
Class of shares: holding
Ordinary £1 shares 100.00

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.

Portsmouth Limited
Registered office: PO Box 908, 82 Cherokee Road, Providenciales, Turks and Caicos Islands
Nature of business: Investment holding company
%
Class of shares: holding
Ordinary $1 shares 100.00

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 5,770 -
Portsmouth Limited loan 26,417 2,054,422
Tax 566,337 566,337
Prepayments - 12,665
598,524 2,633,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 11,550 15,917
Other creditors 10,000 443,441
21,550 459,358

7. RELATED PARTY DISCLOSURES

A loan from the company to Portsmouth Limited of £1,271,322 was written off during the year.