Company Registration No. 10353836 (England and Wales)
Stargift Properties Limited
Unaudited accounts
for the year ended 31 December 2024
Stargift Properties Limited
Unaudited accounts
Contents
Stargift Properties Limited
Company Information
for the year ended 31 December 2024
Company Number
10353836 (England and Wales)
Registered Office
18 Wellington Close
Watford
WD19 5BF
Stargift Properties Limited
Statement of financial position
as at 31 December 2024
Investment property
810,000
770,000
Cash at bank and in hand
11,497
6,761
Creditors: amounts falling due within one year
(3,023)
(2,970)
Net current assets
8,482
3,799
Total assets less current liabilities
818,482
831,812
Creditors: amounts falling due after more than one year
(815,104)
(819,585)
Called up share capital
100
100
Profit and loss account
3,278
12,127
Shareholders' funds
3,378
12,227
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by
G P Daly
Director
Company Registration No. 10353836
Stargift Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
Stargift Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10353836. The registered office is 18 Wellington Close, Watford, WD19 5BF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 January 2024
770,000
Net gain from fair value adjustments
40,000
At 31 December 2024
810,000
5
Investments
Other investments
Valuation at 1 January 2024
58,013
Valuation at 31 December 2024
-
Stargift Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
3,023
2,970
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
498,659
503,140
Loans from directors
316,445
316,445
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).