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REGISTERED NUMBER: 13555689 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

A Star Northern Limited

A Star Northern Limited (Registered number: 13555689)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A Star Northern Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: L S Chadwick
T Hewitt





REGISTERED OFFICE: Dudley Road
DARLINGTON
County Durham
DL1 4GG





REGISTERED NUMBER: 13555689 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

A Star Northern Limited (Registered number: 13555689)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 550,000 550,000

CURRENT ASSETS
Debtors 5 200 200
Cash at bank 23,841 15,236
24,041 15,436
CREDITORS
Amounts falling due within one year 6 143,419 134,939
NET CURRENT LIABILITIES (119,378 ) (119,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,622

430,497

CREDITORS
Amounts falling due after more than one
year

7

215,877

228,311
NET ASSETS 214,745 202,186

CAPITAL AND RESERVES
Called up share capital 9 200 200
Fair value reserve 197,636 197,636
Retained earnings 16,909 4,350
214,745 202,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

A Star Northern Limited (Registered number: 13555689)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





L S Chadwick - Director


A Star Northern Limited (Registered number: 13555689)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

A Star Northern 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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, and rebates.

Income recognition
Income is recognised as per the terms of the rental lease agreement.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

A Star Northern Limited (Registered number: 13555689)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 550,000
NET BOOK VALUE
At 31 August 2024 550,000
At 31 August 2023 550,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2023 197,636
Cost 352,364
550,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 200 200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,434 11,778
Trade creditors 1,035 -
Amounts owed to group undertakings 110,387 109,335
Taxation and social security 5,816 -
Other creditors 9,500 9,500
Accruals and deferred income 4,247 4,326
143,419 134,939

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due within 1 - 5 years 215,877 228,311

8. SECURED DEBTS

Atom Bank PLC has agreed to provide the borrower with a secured term loan facility of £251,250 (balance as at 31/08/2024: £228,311) secured by a fixed charge, floating charge, and negative pledge. The floating charge covers all the property or undertaking of the company.

A Star Northern Limited (Registered number: 13555689)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CALLED UP SHARE CAPITAL

Number: Class: Nominal 2024 2023
value: £ £
74 Ordinary £1 74 74
74 Ordinary £1 74 74
52 Ordinary A £1 52 52
200 200