REGISTERED NUMBER: 03476045 (England and Wales)

Unaudited Financial Statements

for the Period 24 March 2023 to 5 April 2024

for

Starer Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Sternlicht

REGISTERED OFFICE:

5 North End Road

London

NW11 7RJ

REGISTERED NUMBER:

03476045 (England and Wales)

ACCOUNTANTS:

Martin+Heller

5 North End Road

London

NW11 7RJ

FIXED ASSETS

Investment property

4

650,000

650,000

CURRENT ASSETS

Debtors

5

-

418,580

Cash at bank

8,882

9,482

8,882

428,062

CREDITORS

Amounts falling due within one year

6

121,174

125,294

NET CURRENT (LIABILITIES)/ASSETS

(112,292

)

302,768

TOTAL ASSETS LESS CURRENT LIABILITIES

537,708

952,768

PROVISIONS FOR LIABILITIES

7

91,707

91,707

NET ASSETS

446,001

861,061

CAPITAL AND RESERVES

Called up share capital

8

100

100

Non distributable reserves

9

390,962

390,962

Retained earnings

9

54,939

469,999

SHAREHOLDERS' FUNDS

446,001

861,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 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 20 June 2025 and were signed by:

Mr A Sternlicht - Director

1.	STATUTORY INFORMATION

Starer Developments Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents gross rental income.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.

Investment properties

Investment properties are revalued annually, by the directors and included in the balance sheet at their open market value. The aggregate surplus or deficit is transferred to a revaluation reserve. In the case of a permanent diminution in value deficits are taken to the profit and loss account. In accordance with SSAP 19 no depreciation is provided in respect of investment properties. This represents a departure from the Companies Act 1985 requirements concerning fixed assets. These properties are held for investment and the directors consider that the adoption of this policy is necessary to show a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 24 March 2023

and 5 April 2024

650,000

NET BOOK VALUE

At 5 April 2024

650,000

At 23 March 2023

650,000

Fair value at 5 April 2024 is represented by:

£

Valuation in 2017

482,669

Cost

167,331

650,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.24

23.3.23

£

£

Other debtors

-

418,580

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.24

23.3.23

£

£

Trade creditors

1

1

Tax

4,208

3,708

Other creditors

16,500

16,500

Directors' current accounts

96,685

101,485

Accrued expenses

3,780

3,600

121,174

125,294

7.	PROVISIONS FOR LIABILITIES

5.4.24

23.3.23

£

£

Deferred tax

91,707

91,707

Deferred tax

£

Balance at 24 March 2023

91,707

Balance at 5 April 2024

91,707

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.24

23.3.23

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Non

Retained

distributable

earnings

reserves

Totals

£

£

£

At 24 March 2023

469,999

390,962

860,961

Deficit for the period

(415,060

)

(415,060

)

At 5 April 2024

54,939

390,962

445,901