Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-12The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falseNo description of principal activity11truetruefalse 11546931 2023-09-01 2024-08-31 11546931 2022-09-01 2023-08-31 11546931 2024-08-31 11546931 2023-08-31 11546931 c:Director1 2023-09-01 2024-08-31 11546931 d:FreeholdInvestmentProperty 2024-08-31 11546931 d:FreeholdInvestmentProperty 2023-08-31 11546931 d:CurrentFinancialInstruments 2024-08-31 11546931 d:CurrentFinancialInstruments 2023-08-31 11546931 d:Non-currentFinancialInstruments 2024-08-31 11546931 d:Non-currentFinancialInstruments 2023-08-31 11546931 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11546931 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11546931 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 11546931 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 11546931 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 11546931 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 11546931 d:ShareCapital 2024-08-31 11546931 d:ShareCapital 2023-08-31 11546931 d:OtherMiscellaneousReserve 2024-08-31 11546931 d:OtherMiscellaneousReserve 2023-08-31 11546931 d:RetainedEarningsAccumulatedLosses 2024-08-31 11546931 d:RetainedEarningsAccumulatedLosses 2023-08-31 11546931 c:OrdinaryShareClass1 2023-09-01 2024-08-31 11546931 c:OrdinaryShareClass1 2024-08-31 11546931 c:OrdinaryShareClass1 2023-08-31 11546931 c:FRS102 2023-09-01 2024-08-31 11546931 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11546931 c:FullAccounts 2023-09-01 2024-08-31 11546931 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11546931 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11546931









STARRUS PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
STARRUS PROPERTIES LIMITED
REGISTERED NUMBER: 11546931

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,400,000
2,400,000

  
2,400,000
2,400,000

Current assets
  

Debtors: amounts falling due within one year
 5 
48,761
36,472

Cash at bank and in hand
 6 
31,251
9,691

  
80,012
46,163

Creditors: amounts falling due within one year
 7 
(1,536,661)
(1,569,466)

Net current liabilities
  
 
 
(1,456,649)
 
 
(1,523,303)

Total assets less current liabilities
  
943,351
876,697

Creditors: amounts falling due after more than one year
 8 
(1,031,308)
(1,031,351)

  

Net liabilities
  
(87,957)
(154,654)


Capital and reserves
  

Called up share capital 
 10 
100
100

Other reserves
  
(155,485)
(155,485)

Profit and loss account
  
67,428
731

  
(87,957)
(154,654)


Page 1

 
STARRUS PROPERTIES LIMITED
REGISTERED NUMBER: 11546931
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M E Keough
Director

Date: 12 May 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
STARRUS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Starrus Properties Limited is a private company limited by shares and incorporated in England (registered number 11546931). 
The registered office is 16 Blomfield Court 35 Maida Vale, London, England, W9 1TS, which is also the principal place of business.
The principal activity of the company is that of a property investor.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis. 
Accordingly, the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
STARRUS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
STARRUS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
2,400,000



At 31 August 2024
2,400,000

The 2024 valuations were made by the director, on an open market value for existing use basis.




Page 5

 
STARRUS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
12,289
-

Deferred taxation
36,472
36,472

48,761
36,472



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
31,251
9,691

31,251
9,691



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
12,865

Amounts owed to group undertakings
778,818
798,833

Corporation tax
18,945
7,321

Other creditors
736,648
748,197

Accruals and deferred income
2,250
2,250

1,536,661
1,569,466


Page 6

 
STARRUS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,031,308
1,031,351

1,031,308
1,031,351


The following liabilities were secured:

2024
2023
£
£



Bank loans falling due within 1 year
-
12,865

Bank loans falling due 2-5 years
1,031,308
1,031,351

1,031,308
1,044,216

Details of security provided:

Total bank loans in the sum of £1,031,308 (2023: £1,044,216) are secured against the investment property assets of the company.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
12,865


-
12,865


Amounts falling due 2-5 years

Bank loans
1,031,308
1,031,351


1,031,308
1,031,351


1,031,308
1,044,216


Page 7

 
STARRUS PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Other creditors includes £736,648 (2023: £748,189) owed to the director. 


12.


Controlling party

The ultimate controlling party is the parent company Starrus Ventures LLC a company incorporated in the United states of America. The registered office is Office 40, suite 700, 90 State Street, Albany NY 12207, United States of America.  

 
Page 8