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REGISTERED NUMBER: 10770204 (England and Wales)


Stargroup London Limited

Abridged Financial Statements

for the Year Ended 31 December 2024






Stargroup London Limited (Registered number: 10770204)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Stargroup London Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: Mr I Yildiz
Mr C Yildiz





SECRETARY:





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 10770204 (England and Wales)





AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Stargroup London Limited (Registered number: 10770204)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 624 833

CURRENT ASSETS
Inventories 192,588 315,548
Debtors 5 1,873,033 1,538,200
Cash at bank and in hand 1,810,586 141,642
3,876,207 1,995,390
CREDITORS
Amounts falling due within one year 6 3,018,705 828,335
NET CURRENT ASSETS 857,502 1,167,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

858,126

1,167,888

CREDITORS
Amounts falling due after more than one
year

7

-

(356,884

)

PROVISIONS FOR LIABILITIES 8 (156 ) (208 )
NET ASSETS 857,970 810,796

CAPITAL AND RESERVES
Called up share capital 9 250,000 100
Retained earnings 10 607,970 810,696
SHAREHOLDERS' FUNDS 857,970 810,796

Stargroup London Limited (Registered number: 10770204)

Statement of Financial Position - continued
31 December 2024


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

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 June 2025 and were signed on its behalf by:





Mr C Yildiz - Director


Stargroup London Limited (Registered number: 10770204)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Stargroup London 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Turnover is generated from the ordinary activities of the business and is recognised when the customer takes delivery of the order.

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

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


Stargroup London Limited (Registered number: 10770204)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 3,641
DEPRECIATION
At 1 January 2024 2,808
Charge for year 209
At 31 December 2024 3,017
NET BOOK VALUE
At 31 December 2024 624
At 31 December 2023 833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,448,941 1,317,292
Rent deposits 625 625
Purchase ledger debit balance - 220,283
Prepayments 423,467 -
1,873,033 1,538,200

Stargroup London Limited (Registered number: 10770204)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,411,929 478,669
Trade creditors 1,530,346 14,732
Tax 15,721 90,359
Social security and other taxes 2,740 973
VAT 39,102 224,251
Net wages control account 6,050 5,800
Pensions control account 425 433
Directors' current accounts 2,152 3,623
Accrued expenses 10,240 9,495
3,018,705 828,335

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 356,884

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 156 208

Deferred
tax
£   
Balance at 1 January 2024 208
Credit to Income Statement during year (52 )
Balance at 31 December 2024 156

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250,000 Ordinary £1 250,000 100

249,900 Ordinary shares of £1 each were allotted as fully paid as a bonus issue out of reserves during the year.

Stargroup London Limited (Registered number: 10770204)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

10. RESERVES
Retained
earnings
£   

At 1 January 2024 810,696
Profit for the year 47,174
Bonus share issue (249,900 )
At 31 December 2024 607,970

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co

12. RELATED PARTY DISCLOSURES

Transactions with key management personnel:

Included within other creditors are amounts owed to key management personnel at balance sheet date of £2,152 (2023: £3,623). No interest was charged on the outstanding balance and it is repayable on demand.


Transactions with parent company:

2024 2023
£ £

Sales 78,751 18,000
Purchases 9,087,059 3,135,897
Trade debtors 2 18,000
Trade creditors/ (Purchase ledger debit balance) 1,405,809 (220,283 )
Amount due to related party - -
Amount due from related party - -

13. ULTIMATE CONTROLLING PARTY

Stargrup Cam Anonim Sirketi (incorporated in Turkey) is the company's parent company.