Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31ABCThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01false66falsefalsetrue 10463502 2023-04-01 2024-03-31 10463502 2022-04-01 2023-03-31 10463502 2024-03-31 10463502 2023-03-31 10463502 2022-04-01 10463502 c:Director1 2023-04-01 2024-03-31 10463502 d:Buildings 2023-04-01 2024-03-31 10463502 d:Buildings 2024-03-31 10463502 d:Buildings 2023-03-31 10463502 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10463502 d:MotorVehicles 2023-04-01 2024-03-31 10463502 d:MotorVehicles 2024-03-31 10463502 d:MotorVehicles 2023-03-31 10463502 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10463502 d:OfficeEquipment 2023-04-01 2024-03-31 10463502 d:OfficeEquipment 2024-03-31 10463502 d:OfficeEquipment 2023-03-31 10463502 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10463502 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10463502 d:CurrentFinancialInstruments 2024-03-31 10463502 d:CurrentFinancialInstruments 2023-03-31 10463502 d:Non-currentFinancialInstruments 2024-03-31 10463502 d:Non-currentFinancialInstruments 2023-03-31 10463502 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10463502 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10463502 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10463502 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10463502 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10463502 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10463502 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10463502 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10463502 d:ShareCapital 2024-03-31 10463502 d:ShareCapital 2023-03-31 10463502 d:RetainedEarningsAccumulatedLosses 2024-03-31 10463502 d:RetainedEarningsAccumulatedLosses 2023-03-31 10463502 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 10463502 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10463502 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10463502 c:OrdinaryShareClass1 2024-03-31 10463502 c:OrdinaryShareClass1 2023-03-31 10463502 c:FRS102 2023-04-01 2024-03-31 10463502 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10463502 c:FullAccounts 2023-04-01 2024-03-31 10463502 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10463502 2 2023-04-01 2024-03-31 10463502 6 2023-04-01 2024-03-31 10463502 3 2024-03-31 10463502 3 2023-03-31 10463502 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10463502









STARSCAPE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
STARSCAPE LIMITED
REGISTERED NUMBER: 10463502

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
70,019
198,636

Investments
 5 
248,830
66,534

  
318,849
265,170

Current assets
  

Stocks
 6 
450,000
450,000

Debtors: amounts falling due within one year
 7 
1,284,229
1,819,870

Cash at bank and in hand
 8 
147,635
559,938

  
1,881,864
2,829,808

Creditors: amounts falling due within one year
 9 
(1,408,121)
(2,278,006)

Net current assets
  
 
 
473,743
 
 
551,802

Total assets less current liabilities
  
792,592
816,972

Creditors: amounts falling due after more than one year
 10 
(22,068)
(231,021)

Net assets
  
770,524
585,951


Capital and reserves
  

Called up share capital 
 13 
10
10

Profit and loss account
  
770,514
585,941

  
770,524
585,951


Page 1

 
STARSCAPE LIMITED
REGISTERED NUMBER: 10463502
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 June 2025.




J R Garside
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
STARSCAPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Starscape Limited ("the Company") is a private Company, limited by shares and is incorporated in England and Wales. The address of the registered office is Leytonstone House, 3 Hanbury Drive,Leytonstone, London, E11 1GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
STARSCAPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
STARSCAPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold land and buildings
-
25%
Straight line
Motor vehicles
-
25%
Straight line
Office equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Page 5

 
STARSCAPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to the Statement of comprehensive income.

Page 6

 
STARSCAPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Tangible fixed assets





Land and buildings
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
388,231
-
27,096
415,327


Additions
-
78,314
582
78,896


Disposals
(388,231)
-
-
(388,231)



At 31 March 2024

-
78,314
27,678
105,992



Depreciation


At 1 April 2023
209,157
-
7,534
216,691


Charge for the year on owned assets
-
19,579
8,860
28,439


Disposals
(209,157)
-
-
(209,157)



At 31 March 2024

-
19,579
16,394
35,973



Net book value



At 31 March 2024
-
58,735
11,284
70,019



At 31 March 2023
179,074
-
19,562
198,636

Page 7

 
STARSCAPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
-
179,074



5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
127,863


Additions
209,659


Disposals
(68,363)



At 31 March 2024

269,159



Impairment


At 1 April 2023
61,329


Impairment on disposals
(41,000)



At 31 March 2024

20,329



Net book value



At 31 March 2024
248,830



At 31 March 2023
66,534


6.


Stocks

2024
2023
£
£

Property stock
450,000
450,000


Page 8

 
STARSCAPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£


Trade debtors
2,400
-

Amounts owed by group undertakings
385,119
692,613

Other debtors
646,710
1,085,390

Prepayments and accrued income
250,000
-

Deferred taxation
-
41,867

1,284,229
1,819,870



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
147,635
559,938



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
78,006
109,205

Trade creditors
87,777
118,986

Amounts owed to group undertakings
-
15,723

Corporation tax
61,699
-

Other taxation and social security
5,816
28,671

Other creditors
1,151,423
2,005,421

Accruals and deferred income
23,400
-

1,408,121
2,278,006



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
22,068
231,021


Page 9

 
STARSCAPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
78,006
109,205

Amounts falling due 1-2 years

Bank loans
9,600
210,382

Amounts falling due 2-5 years

Bank loans
12,468
20,639


100,074
340,226



12.


Deferred taxation




2024
2023


£

£






At beginning of year
41,867
22,383


Charged to profit or loss
(41,867)
19,484



At end of year
-
41,867

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
41,867


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary shares of £1.00 each
10
10


Page 10

 
STARSCAPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £715 (2023 - £300). Contributions totalling £Nil (2023 - £683) were payable to the fund at the reporting date and are included in creditors.


15.


Transactions with directors

2024
2023
£
£



Opening balance
248,552
1,381,032

Amounts advanced
1,141,588
547,364

Amounts repaid
(1,045,241)
(1,679,844)

Interest charged
9,140
-

354,039
248,552

Interest was charged by the Company at the HM Revenue & Customs official rate of interest on beneficial loans.


16.


Related party transactions

Included within debtors due within one year is an amount of £385,119 (2023 - £692,213) from the company under common control.
Included within creditors due within one year is an amount of £Nil 
(2023 - £15,723) to the company under common control.


17.


Controlling party

The ultimate controlling party of the company is its director by vitue of majority shareholding.

 
Page 11