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REGISTERED NUMBER: 09334542 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Mustang Star Limited

Mustang Star Limited (Registered number: 09334542)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mustang Star Limited

Company Information
for the Year Ended 31st December 2024







DIRECTOR: M R Goldsmith





REGISTERED OFFICE: 1 Daynes Way
Burgess Hill
West Sussex
RH15 9RH





REGISTERED NUMBER: 09334542 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

Mustang Star Limited (Registered number: 09334542)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 68 85
Tangible assets 5 574 1,165
642 1,250

CURRENT ASSETS
Debtors 6 9,260 11,104
Cash at bank 69,106 84,076
78,366 95,180
CREDITORS
Amounts falling due within one year 7 36,808 40,101
NET CURRENT ASSETS 41,558 55,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,200

56,329

CREDITORS
Amounts falling due after more than one
year

8

(24,277

)

(34,827

)

PROVISIONS FOR LIABILITIES (109 ) (221 )
NET ASSETS 17,814 21,281

Mustang Star Limited (Registered number: 09334542)

Balance Sheet - continued
31st December 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 17,801 21,268
SHAREHOLDERS' FUNDS 17,814 21,281

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

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

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 27th May 2025 and were signed by:





M R Goldsmith - Director


Mustang Star Limited (Registered number: 09334542)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Mustang Star 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% 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.

Mustang Star Limited (Registered number: 09334542)

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

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2024
and 31st December 2024 170
AMORTISATION
At 1st January 2024 85
Charge for year 17
At 31st December 2024 102
NET BOOK VALUE
At 31st December 2024 68
At 31st December 2023 85

Mustang Star Limited (Registered number: 09334542)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024
and 31st December 2024 2,882
DEPRECIATION
At 1st January 2024 1,717
Charge for year 591
At 31st December 2024 2,308
NET BOOK VALUE
At 31st December 2024 574
At 31st December 2023 1,165

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 5,104
Other debtors 9,260 6,000
9,260 11,104

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,844 5,670
Trade creditors 47 43
Taxation and social security 969 (705 )
Other creditors 30,948 35,093
36,808 40,101

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 24,277 34,827

Mustang Star Limited (Registered number: 09334542)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,643 10,674