Registered number
07661393
Costar Investments Limited
Filleted Accounts
31 May 2025
Costar Investments Limited
Registered number: 07661393
Balance Sheet
as at 31 May 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,926,696 1,926,696
Current assets
Cash at bank and in hand 61,441 46,489
Creditors: amounts falling due within one year 4 (423,420) (408,301)
Net current liabilities (361,979) (361,812)
Total assets less current liabilities 1,564,717 1,564,884
Creditors: amounts falling due after more than one year 5 (812,598) (884,626)
Net assets 752,119 680,258
Capital and reserves
Called up share capital 10 10
Profit and loss account 752,109 680,248
Shareholders' funds 752,119 680,258
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C L Shah
Director
Approved by the board on 30 June 2025
Costar Investments Limited
Notes to the Accounts
for the year ended 31 May 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included in the Balance Sheet at cost.The property is not depreciated in accordance with the Financial Reporting Standards as in the directors opinion the open market valuatuion is higher than the origianl cost.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment property
£
Cost
At 1 June 2024 1,926,696
At 31 May 2025 1,926,696
Depreciation
At 31 May 2025 -
Net book value
At 31 May 2025 1,926,696
At 31 May 2024 1,926,696
4 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 70,950 56,304
Shareholders Loan account 250,000 250,000
Corporation tax 20,625 20,155
Other taxes and social security costs 29,945 29,942
Other creditors 51,900 51,900
423,420 408,301
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 812,598 884,626
6 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 559,441 629,441
Secured bank loans 883,547 940,929
Bank loan is secured by way of charge on the company's investment property and debenture over the company's assets.
7 Controlling party
The company is under control of its shareholders and directors.
8 Other information
Costar Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
64 Belmont Lane
Stanmore
Middlesex
HA7 2PZ
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