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REGISTERED NUMBER: 04617561 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

BARONSTAR LIMITED

BARONSTAR LIMITED (REGISTERED NUMBER: 04617561)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BARONSTAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S A Bhanji
A Bhanji





REGISTERED OFFICE: 135 Colindeep Lane
Colindale
London
NW9 6DD





REGISTERED NUMBER: 04617561 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

BARONSTAR LIMITED (REGISTERED NUMBER: 04617561)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,500,000 4,000,000

CURRENT ASSETS
Debtors 5 187,917 177,919
Cash at bank 131,146 185,265
319,063 363,184
CREDITORS
Amounts falling due within one year 6 194,178 249,831
NET CURRENT ASSETS 124,885 113,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,624,885

4,113,353

CREDITORS
Amounts falling due after more than one year 7 (1,400,332 ) (1,410,332 )

PROVISIONS FOR LIABILITIES (478,556 ) (353,556 )
NET ASSETS 2,745,997 2,349,465

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Undistributable profit 1,552,156 1,552,156
Fair value reserve 9 375,000 1,957,156
Retained earnings 768,841 (1,209,847 )
SHAREHOLDERS' FUNDS 2,745,997 2,349,465

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 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.

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 27 March 2025 and were signed on its behalf by:





S A Bhanji - Director


BARONSTAR LIMITED (REGISTERED NUMBER: 04617561)

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

1. STATUTORY INFORMATION

Baronstar 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. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable during the year and fees charged for management consultancy services. Turnover is recognised to the balance sheet date.

Investment property
Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit or loss account.

Financial instruments
Financial assets and liabilities are recognized in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transactions costs and are measured subsequently at amortised cost using the effective interest method.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

BARONSTAR LIMITED (REGISTERED NUMBER: 04617561)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 4,000,000
Revaluations 500,000
At 30 June 2024 4,500,000
NET BOOK VALUE
At 30 June 2024 4,500,000
At 30 June 2023 4,000,000

In the opinion of the directors, the open market value of the investment property as at 30 June 2024 is not significantly different to the value as stated above.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2014 810,711
Valuation in 2019 1,000,000
Valuation in 2023 500,000
Valuation in 2024 500,000
Cost 1,689,289
4,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 24,945 -
Amounts owed by related companies 160,928 177,919
Other debtors 2,044 -
187,917 177,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 7,442 7,817
Amounts owed to related companies - 8,140
Taxation and social security 7,952 4,891
Other creditors 168,784 218,983
194,178 249,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 9,167 19,167
Other creditors 1,391,165 1,391,165
1,400,332 1,410,332

BARONSTAR LIMITED (REGISTERED NUMBER: 04617561)

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

8. 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:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,167 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,167

9. RESERVES
Fair
value
reserve
£   
Profit & Loss Account 375,000

At 30 June 2024 375,000

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the following balances were outstanding in respect of companies where the directors have beneficial interest and where the company directors are also the directors:-

2024 2023
£    £   
Debtors:
East End Cosmetics Limited 160,928 177,919
160,928 177,919

Creditors:
Apex Trading Limited - 6,340
Cosmac Limited - 1,800
- 8,140

The amounts due are interest free and there are no specific terms of repayment.

As at balance sheet date, included within creditors is £1,475,702 (2023: £1,522,568), total amount owed to the directors of the company. This includes amount which is due after more than one year of £1,391,165 (2023: £1,391,165). The total amount owed is unsecured and there are no fixed terms of repayment.