NORTH STAR GROWTH LIMITED

Company Registration Number:
13132862 (England and Wales)

Unaudited abridged accounts for the year ended 30 August 2024

Period of accounts

Start date: 31 August 2023

End date: 30 August 2024

NORTH STAR GROWTH LIMITED

Contents of the Financial Statements

for the Period Ended 30 August 2024

Balance sheet
Notes

NORTH STAR GROWTH LIMITED

Balance sheet

As at 30 August 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 2,773,924 14
Total fixed assets: 2,773,924 14
Current assets
Debtors: 4 100 806,265
Cash at bank and in hand: 10,475 123,393
Total current assets: 10,575 929,658
Creditors: amounts falling due within one year: 5 (104,634) (1,269,979)
Net current assets (liabilities): (94,059) (340,321)
Total assets less current liabilities: 2,679,865 (340,307)
Creditors: amounts falling due after more than one year: 6 (2,692,263)
Total net assets (liabilities): (12,398) (340,307)
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:71,023,9140
Profit and loss account: (1,036,412) (340,407)
Shareholders funds: (12,398) (340,307)

The notes form part of these financial statements

NORTH STAR GROWTH LIMITED

Balance sheet statements

For the year ending 30 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 May 2025
and signed on behalf of the board by:

Name: Paul Knighton
Status: Director

The notes form part of these financial statements

NORTH STAR GROWTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents sales to external customers at invoiced amounts.

Valuation and information policy

Investments are stated at cost less any provision for impairment. Investments for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the Fair Value Reserve within equity.

Other accounting policies

Statutory information. The Company is a private company limited by shares and domiciled in England and Wales. The registered office is Eaton House 39/40 Upper Grosvenor Street, Mayfair, London, England, W1K 2NG. Going Concern. The director considers the company will continue to trade as a going concern as it is believed the shareholder will continue to support the company to enable it to meet its liabilities as they fall due. Foreign currency translation. The accounts are stated in pounds sterling. Monetary assets and liabilities denominated in foreign currencies are translated into pounds sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account. Taxation. Taxation represents the sum of tax currently payable and deferred tax. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting year. Deferred tax is recognised in respect of all timing differences (including fair value adjustments) that have originated but not reversed by the balance sheet date except that a deferred tax asset is only recognised to the extent that it is regarded as recoverable. Deferred tax is measured using the rate of tax that is expected to apply in the periods in which the timing differences are expected to reverse.

NORTH STAR GROWTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

NORTH STAR GROWTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

3. Fixed investments

Investments in group undertakings. Cost b/f £14. Additions at cost £1,750,000. Revaluations £1,023,910. At 30th August 2024 £2,773,924. Holdings of more than 20%. The company holds more than 20% of the share capital of the following companies: Waverley School and Nursery Limited - England & Wales -Ordinary shares 100%. Waverley School (Waverley Way) Limited England & Wales - Ordinary shares 100%. The aggregate amount of capital and reserves and the results of this undertaking for the last relevant financial year were as follows: Waverley School and Nursery Limited -Capital and reserves £653,053 - Loss for the year £(90,148). Waverley School (Waverley Way) Limited -Capital and reserves £2,773,914- Loss for the year £-.

NORTH STAR GROWTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

NORTH STAR GROWTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

5. Creditors: amounts falling due within one year note

Creditors: Amounts falling due within one year. Trade creditors and accruals £37,627 (2023-£236,646). Amounts owed to group undertakings £4,500 (2023-£-). Other loans and creditors £62,507 (2023-£1,033,333). Total £104,634 (2023-£1,269,979). Other creditors include loans of £62,507 due within one year and £108,929 due after more than one year that are unsecured and accrue interest at 12% and are due for repayment by 31st August 2027. All other loans and creditors are interest free and unsecured.

NORTH STAR GROWTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

6. Creditors: amounts falling due after more than one year note

Creditors: Amounts falling due after more than one year. Other loans and creditors £2,692,263 (2023 £-). Other creditors include loans of £65,207 due within one year and £108,929 due after more than one year that are unsecured and accrue interest at 12% and are due for repayment by 31st August 2027. All other loans and creditors are interest free and unsecured.

NORTH STAR GROWTH LIMITED

Notes to the Financial Statements

for the Period Ended 30 August 2024

7. Revaluation reserve

2024
£
Balance at 31 August 2023 0
Surplus or deficit after revaluation 1,023,914
Balance at 30 August 2024 1,023,914