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Registration number: 03082096

Star Amusements Limited

Report of the Directors and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Star Amusements Limited

Contents of The Financial Statements
for the Year Ended 31 August 2024

 

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 19

 

Star Amusements Limited

Company Information
for the Year Ended 31 August 2024

Directors

Mr John Alfred Remblance

Mr Gary Edwin Smart

Registered office

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

Accountants

Insight Strategic Associates
Chartered Certified Accountants10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Star Amusements Limited

Directors' Report for the Year Ended 31 August 2024

The directors present their report and the financial statements for the year ended 31 August 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr John Alfred Remblance

Mr Gary Edwin Smart

Principal activity

The principal activity of the company is amusements and recreational activities.

Small companies provision statement

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:

.........................................
Mr John Alfred Remblance
Director

21 May 2025

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Star Amusements Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Star Amusements Limited for the year ended 31 August 2024 as set out on pages 4 to 19 from the company's accounting records and from information and explanations you have given us.
 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
 

This report is made solely to the Board of Directors of Star Amusements Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Star Amusements Limited and state those matters that we have agreed to state to the Board of Directors of Star Amusements Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Star Amusements Limited and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that Star Amusements Limited 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 of Star Amusements Limited. You consider that Star Amusements Limited 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 accounts of Star Amusements Limited. 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 accounts.

......................................

Insight Strategic Associates
Chartered Certified Accountants
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

21 May 2025

 

Star Amusements Limited

(Registration number: 03082096 )
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

45,833

55,833

Tangible assets

5

4,807,625

4,172,639

Investment property

6

6,472,346

6,298,975

 

11,325,804

10,527,447

Current assets

 

Stocks

7

85,425

154,350

Debtors

8

705,375

736,695

Cash at bank and in hand

 

1,184,474

570,187

 

1,975,274

1,461,232

Creditors: Amounts falling due within one year

9

(4,774,275)

(3,758,615)

Net current liabilities

 

(2,799,001)

(2,297,383)

Total assets less current liabilities

 

8,526,803

8,230,064

Creditors: Amounts falling due after more than one year

9

(2,261,554)

(2,539,689)

Provisions for liabilities

(1,043,246)

(866,374)

Net assets

 

5,222,003

4,824,001

Capital and reserves

 

Called up share capital

100

100

Retained earnings

5,221,903

4,823,901

Shareholders' funds

 

5,222,003

4,824,001

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Star Amusements Limited

(Registration number: 03082096 )
Balance Sheet as at 31 August 2024

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

.........................................
Mr John Alfred Remblance
Director

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE
England

The principal place of business is:
2-4 Marine Parade
Southend On Sea
Essex
SS1 2EJ
England

These financial statements were authorised for issue by the Board on 21 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Plant & Machiney etc

5% and10% on cost

Fixtures and fittings

15% on cost

Motor vehicles

20% on reducing balance

Short leasehold

15 years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 Years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 39 (2023 - 40).

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

100,000

100,000

At 31 August 2024

100,000

100,000

Amortisation

At 1 September 2023

44,167

44,167

Amortisation charge

10,000

10,000

At 31 August 2024

54,167

54,167

Carrying amount

At 31 August 2024

45,833

45,833

At 31 August 2023

55,833

55,833

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

9,678,818

168,750

9,847,568

Additions

1,067,529

-

1,067,529

Disposals

(65,992)

-

(65,992)

At 31 August 2024

10,680,355

168,750

10,849,105

Depreciation

At 1 September 2023

5,538,819

136,110

5,674,929

Charge for the year

369,436

6,528

375,964

Eliminated on disposal

(9,413)

-

(9,413)

At 31 August 2024

5,898,842

142,638

6,041,480

Carrying amount

At 31 August 2024

4,781,513

26,112

4,807,625

At 31 August 2023

4,139,999

32,640

4,172,639

6

Investment properties

2024
£

At 1 September

6,298,975

Additions

173,371

At 31 August

6,472,346

There has been no valuation of investment property by an independent valuer.

7

Stocks

2024
£

2023
£

Other inventories

85,425

154,350

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

30,000

36,303

Amounts owed by related parties

11

501,745

498,685

Prepayments

 

165,325

72,181

Other debtors

 

8,305

129,526

   

705,375

736,695

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

405,364

405,365

Trade creditors

 

930,042

813,982

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

507,322

863,362

Taxation and social security

 

45,248

61,388

Accruals and deferred income

 

91,245

6,950

Other creditors

 

2,795,054

1,607,568

 

4,774,275

3,758,615

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

2,261,554

2,539,689

2024
£

2023
£

Due after more than five years

After more than five years by instalments

389,281

458,766

-

-

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,261,554

2,539,689

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

10

Loans and borrowings (continued)

Current loans and borrowings

2024
£

2023
£

Bank borrowings

405,364

405,365

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

11

Related party transactions

At the year end a balance of £623 (2023: £200) was due from Lone Star Leisure Limited a fellow subsidiary.

At the year end a balance of £240 (2023: £240) was due from Scoops 37 Limited a fellow subsidiary.

At the year end a balance of £49,615 (2023: -£385) was due to Bluu Food Co Ltd a company under common control.

A the year end a balance of £85 (2023: £85) was due from Star Pub Company Limited a fellow subsidiary.

At the year end a balance of £198,777 (2023: -£94,223) was due to Marine Food Restaurant a company under common control.

 

Star Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

11

Related party transactions (continued)

At the year end a balance of £369,059 (2023: £793,006) was due to Remblance Property Company Limited a fellow subsidiary.

At the year end a balance of £478,160 (2023: £487,175) was due from Remblance Property Company Regional Limited a fellow subsidiary.

At the year end a balance of £22,637 (2023: £10,945) was due to Manzi Leisure Limited a fellow subsidiary.

At the year end a balance of £88,263 (2023: £70,357) was due to to Remblance Holding Limited the parent company.

At the year end a balance of £7,619 (2023: £7,523) was due from Remco Logistics Limited a company under common control.

At the year end a balance of £93,103 (2023: £55,384) was due to Remco Leisure Limited a company under common control.

At the year end a balance of £149,600 (2023: £27,304) was due to Remco Food Co Limited a company under common control.

At the year end a balance of £684,781 (2023: £9,781) was due to Kingpins Bowl Limited a company under common control.

At the year end a balance of £444 (2023: £200) was due from Star Management Facilities Limited a company under common control.