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REGISTERED NUMBER: 08355929 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

STARHILL PROPERTY LIMITED

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STARHILL PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: I Stern





REGISTERED OFFICE: 124 Holmleigh Road
Stamford Hill
London
N16 5PY





REGISTERED NUMBER: 08355929 (England and Wales)





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

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Investment property 4 860,291 860,291

CURRENT ASSETS
Stocks 5 367,476 367,476
Debtors 6 1,158,643 703,565
Cash at bank 20,329 25,134
1,546,448 1,096,175
CREDITORS
Amounts falling due within one year 7 (1,118,672 ) (700,469 )
NET CURRENT ASSETS 427,776 395,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,288,067

1,255,997

CREDITORS
Amounts falling due after more than one
year

8

(793,074

)

(764,852

)
NET ASSETS 494,993 491,145

CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 836,486 836,486
Retained earnings 11 (341,494 ) (345,342 )
SHAREHOLDERS' FUNDS 494,993 491,145

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 by the director and authorised for issue on 6 May 2025 and were signed by:





I Stern - Director


STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Starhill Property 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 1 (2023 - 2 ) .

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 860,291
NET BOOK VALUE
At 31 January 2024 860,291
At 31 January 2023 860,291

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2017 336,486
Valuation in 2019 500,000
Valuation in 2021 (555,230 )
Cost 579,035
860,291

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 367,476 367,476

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 1,158,643 703,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 22,778 22,317
Taxation and social security 17,190 10,991
Other creditors 1,078,704 667,161
1,118,672 700,469

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 761,874 728,763
Other creditors 31,200 36,089
793,074 764,852

STARHILL PROPERTY LIMITED (REGISTERED NUMBER: 08355929)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 761,874 728,763

Repayable by instalments
Other loans more 5yrs instal 31,200 36,089

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 761,874 728,763

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £31,200 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 (345,342 ) 836,486 491,144
Profit for the year 3,848 3,848
At 31 January 2024 (341,494 ) 836,486 494,992

12. ULTIMATE CONTROLLING PARTY

The controlling party is I Stern.