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REGISTERED NUMBER: 11026364 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Starkade Ltd

Starkade Ltd (Registered number: 11026364)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Starkade Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: J G White
N S Atkinson





REGISTERED OFFICE: 38 Percy Road
Whitley Bay
Tyne and Wear
NE26 2AY





REGISTERED NUMBER: 11026364 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Starkade Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Starkade Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Starkade Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Starkade Ltd and state those matters that we have agreed to state to the Board of Directors of Starkade Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Starkade Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Starkade Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Starkade Ltd. You consider that Starkade Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Starkade 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 statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


11 April 2025

Starkade Ltd (Registered number: 11026364)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,617 2,617
Tangible assets 5 152 190
Investments 6 895 895
3,664 3,702

CURRENT ASSETS
Debtors 7 5,634 15,599
Cash at bank 25,578 837
31,212 16,436
CREDITORS
Amounts falling due within one year 8 60,582 36,106
NET CURRENT LIABILITIES (29,370 ) (19,670 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,706 ) (15,968 )

PROVISIONS FOR LIABILITIES 29 36
NET LIABILITIES (25,735 ) (16,004 )

CAPITAL AND RESERVES
Called up share capital 15,810 15,810
Retained earnings (41,545 ) (31,814 )
(25,735 ) (16,004 )

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

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

Starkade Ltd (Registered number: 11026364)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:




N S Atkinson - Director



J G White - Director


Starkade Ltd (Registered number: 11026364)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Starkade 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 as modified by the revaluation of certain assets.

At the year end the company had net liabilities amounting to £25,735 (2023: £16,004). Despite this, the directors have pledged to support the business should this be needed and have agreed not to withdraw their director loan account balances should the requirement arise.

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

Intangible assets
Intangible assets relating to Cryptocurrency are valued at fair value with any fair value movement recognised in the profit and loss and therefore no amortisation is considered necessary but as part of the fair value
assessment an impairment review is carried out to ensure the value stated is the fair value held.

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 - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2023 - 3 ).

Starkade Ltd (Registered number: 11026364)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 November 2023
and 31 October 2024 2,617
NET BOOK VALUE
At 31 October 2024 2,617
At 31 October 2023 2,617

Cost or valuation at 31 October 2024 is represented by:

Other
intangible
assets
£   
Valuation in 2022 (61,503 )
Valuation in 2023 61,479
Cost 2,641
2,617

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2023
and 31 October 2024 245
DEPRECIATION
At 1 November 2023 55
Charge for year 38
At 31 October 2024 93
NET BOOK VALUE
At 31 October 2024 152
At 31 October 2023 190

Starkade Ltd (Registered number: 11026364)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 November 2023
and 31 October 2024 895
NET BOOK VALUE
At 31 October 2024 895
At 31 October 2023 895

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,634 15,599

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 23,048
Other creditors 60,582 13,058
60,582 36,106