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REGISTERED NUMBER: 11619809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Million Star Investment LTD

Million Star Investment LTD (Registered number: 11619809)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Million Star Investment LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Nath





REGISTERED OFFICE: 1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX





REGISTERED NUMBER: 11619809 (England and Wales)





ACCOUNTANTS: SK Associates Ltd
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX

Million Star Investment LTD (Registered number: 11619809)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,027,920 1,000,000

CURRENT ASSETS
Debtors 5 81,174 12,874
Cash at bank 1,627 130,686
82,801 143,560
CREDITORS
Amounts falling due within one year 6 247,091 266,899
NET CURRENT LIABILITIES (164,290 ) (123,339 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,630

876,661

CREDITORS
Amounts falling due after more than
one year

7

(243,308

)

(267,566

)

PROVISIONS FOR LIABILITIES (90,035 ) (90,035 )
NET ASSETS 530,287 519,060

Million Star Investment LTD (Registered number: 11619809)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 383,835 383,835
Retained earnings 146,352 135,125
530,287 519,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 3 March 2025 and were signed by:





M Nath - Director


Million Star Investment LTD (Registered number: 11619809)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Million Star Investment LTD 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 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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 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 (2022 - NIL).

Million Star Investment LTD (Registered number: 11619809)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,000,000
Additions 27,920
At 31 December 2023 1,027,920
NET BOOK VALUE
At 31 December 2023 1,027,920
At 31 December 2022 1,000,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 81,174 12,874

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 43,155 43,155
Trade creditors 1 1
Taxation and social security 8,579 6,798
Other creditors 195,356 216,945
247,091 266,899

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 243,308 267,566

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 286,463 310,721

Million Star Investment LTD (Registered number: 11619809)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Revaluatio
reserve
£   
At 1 January 2023
and 31 December 2023 383,835

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
M Nath and M Nath
Balance outstanding at start of year 91,486 86,871
Amounts advanced 4,720 4,615
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 96,206 91,486

11. RELATED PARTY DISCLOSURES

The other creditors include a sum of £87,500 (2022 - £79.200) loan from Righttime Limited in which Mr N S Chawla is a director and 100% shareholder. These loans are unsecured. interest free and repayable on demand. These definitely become repayable at the sale of the investment property.
The other debtors include a sum of £70,000 (2022 - £Nil) loan to My Choice Investments Limited in which Mr N S Chawla is a 34% shareholder.