IRIS Accounts Production v24.3.2.46 09626909 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096269092023-06-30096269092024-06-30096269092023-07-012024-06-30096269092022-06-30096269092022-07-012023-06-30096269092023-06-3009626909ns15:EnglandWales2023-07-012024-06-3009626909ns14:PoundSterling2023-07-012024-06-3009626909ns10:Director12023-07-012024-06-3009626909ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009626909ns10:SmallEntities2023-07-012024-06-3009626909ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3009626909ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009626909ns10:FullAccounts2023-07-012024-06-3009626909ns10:OrdinaryShareClass12023-07-012024-06-3009626909ns10:RegisteredOffice2023-07-012024-06-3009626909ns5:CurrentFinancialInstruments2024-06-3009626909ns5:CurrentFinancialInstruments2023-06-3009626909ns5:Non-currentFinancialInstruments2024-06-3009626909ns5:Non-currentFinancialInstruments2023-06-3009626909ns5:ShareCapital2024-06-3009626909ns5:ShareCapital2023-06-3009626909ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-3009626909ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3009626909ns5:RetainedEarningsAccumulatedLosses2024-06-3009626909ns5:RetainedEarningsAccumulatedLosses2023-06-3009626909ns5:FurnitureFittings2023-07-012024-06-3009626909ns5:FurnitureFittings2023-06-3009626909ns5:FurnitureFittings2024-06-3009626909ns5:FurnitureFittings2023-06-3009626909ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3009626909ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3009626909ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3009626909ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3009626909ns5:Non-currentFinancialInstruments2023-07-012024-06-3009626909ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3009626909ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3009626909ns5:Secured2024-06-3009626909ns5:Secured2023-06-3009626909ns10:OrdinaryShareClass12024-06-3009626909ns5:RetainedEarningsAccumulatedLosses2023-06-3009626909ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3009626909ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 09626909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

STARTREE LIMITED

STARTREE LIMITED (REGISTERED NUMBER: 09626909)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STARTREE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mrs E Endzweig





REGISTERED OFFICE: 123 Clapton Common
C/O Midos
London
E5 9AB





REGISTERED NUMBER: 09626909 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

STARTREE LIMITED (REGISTERED NUMBER: 09626909)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,323 5,086
Investment property 6 3,638,556 2,572,361
3,642,879 2,577,447

CURRENT ASSETS
Debtors 7 690,678 439,137
Cash at bank 160,615 1,077,992
851,293 1,517,129
CREDITORS
Amounts falling due within one year 8 (1,396,080 ) (1,060,816 )
NET CURRENT (LIABILITIES)/ASSETS (544,787 ) 456,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,098,092

3,033,760

CREDITORS
Amounts falling due after more than one
year

9

(1,815,713

)

(1,843,062

)

PROVISIONS FOR LIABILITIES (98,013 ) (98,013 )
NET ASSETS 1,184,366 1,092,685

CAPITAL AND RESERVES
Called up share capital 12 1 1
Fair value reserve 13 417,849 417,849
Retained earnings 13 766,516 674,835
SHAREHOLDERS' FUNDS 1,184,366 1,092,685

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

STARTREE LIMITED (REGISTERED NUMBER: 09626909)

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 and authorised for issue by the director and authorised for issue on 19 March 2025 and were signed by:





Mrs E Endzweig - Director


STARTREE LIMITED (REGISTERED NUMBER: 09626909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Startree 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

STARTREE LIMITED (REGISTERED NUMBER: 09626909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 13,833
DEPRECIATION
At 1 July 2023 8,747
Charge for year 763
At 30 June 2024 9,510
NET BOOK VALUE
At 30 June 2024 4,323
At 30 June 2023 5,086

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 2,572,361
Additions 1,066,195
At 30 June 2024 3,638,556
NET BOOK VALUE
At 30 June 2024 3,638,556
At 30 June 2023 2,572,361

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2018 515,862
Cost 3,122,694
3,638,556

The fair value of investment properties were assessed to be unchanged by the director. The fair value was determined using open market valuation method.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 4,211 4,313
Other debtors 686,467 434,824
690,678 439,137

STARTREE LIMITED (REGISTERED NUMBER: 09626909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 32,814 46,770
Other creditors 1,363,266 1,014,046
1,396,080 1,060,816

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 10) 1,796,547 1,813,957
Other creditors 19,166 29,105
1,815,713 1,843,062

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 702,462 702,462

Repayable by instalments
Bank loans more 5 yr by instal 1,094,085 1,111,495

Other creditors includes Bounceback loan of £29,105 [2022 - £39,082.] The loan is unsecured, interest free for the first year,then capped at 2.5% and guaranteed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Other loans 650,000 650,000

Amounts falling due between two and five years:
Other loans - 2-5 years 19,166 29,105

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 702,462 702,462

Repayable by instalments
Bank loans more 5 yr by instal 1,094,085 1,111,495

STARTREE LIMITED (REGISTERED NUMBER: 09626909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 1,796,547 1,813,957

Bank loan is secured by first charge over investment property of the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 674,835 417,849 1,092,684
Profit for the year 91,681 91,681
At 30 June 2024 766,516 417,849 1,184,365

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E Endzweig.