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Registration number: SC259461

All Star (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

All Star (UK) Limited

Contents

Company Information

1

Statement of Financial Position

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 11

 

All Star (UK) Limited

Company Information

Directors

Mr D Quigley

Mr A J McLean

Mr A McLean

Company secretary

Mr A G Morgan

Registered office

12 Rose Terrace
PERTH
PH1 5HA

Accountants

Morris & Young
Chartered Accountants
6 Atholl Crescent
PERTH
PH1 5JN

 

All Star (UK) Limited

(Registration number: SC259461)
Statement of Financial Position as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

870,477

887,303

Investments

5

2,979,091

2,979,091

 

3,849,568

3,866,394

Current assets

 

Debtors

6

1,622,689

1,607,689

Creditors: Amounts falling due within one year

7

(241,409)

(312,506)

Net current assets

 

1,381,280

1,295,183

Total assets less current liabilities

 

5,230,848

5,161,577

Creditors: Amounts falling due after more than one year

7

(1,694,285)

(1,713,644)

Provisions for liabilities

(102,927)

(27,881)

Net assets

 

3,433,636

3,420,052

Capital and reserves

 

Called up share capital

8

3

3

Revaluation reserve

313,543

313,543

Retained earnings

3,120,090

3,106,506

Shareholders' funds

 

3,433,636

3,420,052

 

All Star (UK) Limited

(Registration number: SC259461)
Statement of Financial Position as at 31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These accounts have been prepared 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 July 2025 and signed on its behalf by:
 

.........................................
Mr A J McLean
Director

.........................................
Mr A G Morgan
Company secretary

 

All Star (UK) Limited

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 November 2023

3

313,543

3,106,506

3,420,052

Profit for the year

-

-

13,584

13,584

At 31 October 2024

3

313,543

3,120,090

3,433,636

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 November 2022

3

-

3,059,552

3,059,555

Profit for the year

-

-

58,954

58,954

Other comprehensive income

-

313,543

-

313,543

Total comprehensive income

-

313,543

58,954

372,497

Dividends

-

-

(12,000)

(12,000)

At 31 October 2023

3

313,543

3,106,506

3,420,052

 

All Star (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
12 Rose Terrace
PERTH
PH1 5HA

These financial statements were authorised for issue by the Board on 9 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling (£) and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

All Star (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

not depreciated

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

All Star (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated over the useful life of the asset. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

All Star (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

820,000

4,159

293,240

1,117,399

At 31 October 2024

820,000

4,159

293,240

1,117,399

Depreciation

At 1 November 2023

-

4,110

225,986

230,096

Charge for the year

-

12

16,814

16,826

At 31 October 2024

-

4,122

242,800

246,922

Carrying amount

At 31 October 2024

820,000

37

50,440

870,477

At 31 October 2023

820,000

49

67,254

887,303

Included within the net book value of land and buildings above is £820,000 (2023 - £820,000) in respect of freehold land and buildings.
 

 

All Star (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

2,979,091

2,979,091

Subsidiaries

£

Cost or valuation

At 1 November 2023

2,979,091

Provision

Carrying amount

At 31 October 2024

2,979,091

At 31 October 2023

2,979,091

6

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

1,622,686

1,607,686

Other debtors

 

3

3

 

1,622,689

1,607,689

 

All Star (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

169,692

57,924

Amounts owed to group undertakings and undertakings in which the company has a participating interest

67,250

174,250

Taxation and social security

 

-

75,864

Accruals and deferred income

 

4,467

4,468

 

241,409

312,506

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

1,694,285

1,713,644

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

3

3

3

3

       

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

313,543

313,543

 

All Star (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,668,000

1,668,000

Hire purchase contracts

17,871

27,195

Other borrowings

8,414

18,449

1,694,285

1,713,644

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

149,720

37,952

Hire purchase contracts

9,324

9,324

Other borrowings

10,648

10,648

169,692

57,924