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Registered number: 14216522
Starlight Consortium Ltd
Directors' Report and
Unaudited Financial Statements
For the Period 1 August 2024 to 30 April 2025
SINCLAIR UK ASSOCIATES
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6—7
Page 1
Company Information
Directors Ms Susan Dragoneas
Mr Arvind Jeewooth
Mr Vinay Roopchand
Mr Stephen Duncan
Company Number 14216522
Registered Office CHURCHILL HOUSE
120 BUNNS LANE
LONDON
NW7 2BA
Accountants SINCLAIR UK ASSOCIATES
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Directors' Report
The directors present their report and the financial statements for the period ended 30 April 2025.
Review of the Business
On 11 April 2025 the Company issued 1,000 new Ordinary B Shares of £1 each. The amount paid for each share was the transfer to the Company of one metric tonne of gold bullion with a value of £86,923,249.02 for each share for an aggregate £86,923,249,020.
1.The Ordinary B Shares rank pari passu with the Ordinary Shares of the Company as to voting rights but may not have any rights to dividends or identical form of capital repayment.
2. Any capital repayment will be in gold bullion as used for investment for the  B Ordinary Shares
Directors
The directors who held office during the period were as follows:
Ms Susan Dragoneas
Mr Arvind Jeewooth Appointed 15/02/2025
Mr Vinay Roopchand Appointed 15/02/2025
Mr Stephen Duncan Appointed 10/04/2025
Mr Keith Scott Resigned 11/04/2025
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Ms Susan Dragoneas
Director
01/05/2025
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Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Starlight Consortium Ltd for the period 1 August 2024 to 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Starlight Consortium Ltd for the period 1 August 2024 to 30 April 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising accountant of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Starlight Consortium Ltd , as a body, in accordance with the terms of our engagement letter dated 20 March 2024 . Our work has been undertaken solely to prepare for your approval the accounts of Starlight Consortium Ltd and state those matters that we have agreed to state to the directors of Starlight Consortium Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Starlight Consortium Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Starlight Consortium Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Starlight Consortium Ltd . You consider that Starlight Consortium Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Starlight Consortium Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
David Sinclair
01/05/2025
SINCLAIR UK ASSOCIATES
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Profit and Loss Account
30 April 2025 31 July 2024
Notes £ £
TURNOVER 3,000 3,622
GROSS PROFIT 3,000 3,622
Administrative expenses (3,000 ) (2,759 )
OPERATING PROFIT AND PROFIT FOR THE FINANCIAL PERIOD - 863
The notes on pages 6 to 7 form part of these financial statements.
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Balance Sheet
30 April 2025 31 July 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 86,923,249,020 -
86,923,249,020 -
CURRENT ASSETS
Debtors 5 5,609 2,609
5,609 2,609
Creditors: Amounts Falling Due Within One Year 6 (5,509 ) (2,509 )
NET CURRENT ASSETS (LIABILITIES) 100 100
TOTAL ASSETS LESS CURRENT LIABILITIES 86,923,249,120 100
NET ASSETS 86,923,249,120 100
CAPITAL AND RESERVES
Called up share capital 7 1,100 100
Share premium account 86,923,248,020 -
SHAREHOLDERS' FUNDS 86,923,249,120 100
For the period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Ms Susan Dragoneas
Director
01/05/2025
The notes on pages 6 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Starlight Consortium Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14216522 . The registered office is CHURCHILL HOUSE, 120 BUNNS LANE, LONDON, NW7 2BA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4 (2024: 2)
4 2
4. Investments
Unlisted
£
Cost
As at 1 August 2024 -
Additions 86,923,249,020
As at 30 April 2025 86,923,249,020
Provision
As at 1 August 2024 -
As at 30 April 2025 -
Net Book Value
As at 30 April 2025 86,923,249,020
As at 1 August 2024 -
The investments consist of 1,000 metric tons of gold directly owned by the company and acquired by the issue of 1,000 B Ordinary Shares at the then gold value of £86,923,249 per metric ton being a total of £86,923,249,020
5. Debtors
30 April 2025 31 July 2024
£ £
Due within one year
Amounts owed by group undertakings 5,609 2,609
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6. Creditors: Amounts Falling Due Within One Year
30 April 2025 31 July 2024
£ £
Trade creditors 5,509 2,509
7. Share Capital
30 April 2025 31 July 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
1,000 Ordinary B shares of £ 1 each 1,000 -
1,100 100
Shares issued during the period: £
1,000 Ordinary B shares of £ 1 each 1,000
1.The Ordinary B Shares rank pari passu with the Ordinary Shares of the Company as to voting rights but may not have any rights to dividends or identical form of capital repayment.
2. Any capital repayment will be in gold bullion as used for investment for the Ordinary B Shares
8. Reserves
Share Premium
The share premium is derived from the issue of Ordinary B Shares of £1 each at £86,923,249.02  per share by the acquisition of one metric tonne of gold per share at market price on 14 April 2025 for a total of £86,923,249,020 
9. Ultimate Controlling Party
The company's ultimate controlling party is The Office of International Treasury Control LLP by virtue of his ownership of 100% of the issued share capital in the company.
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