IRIS Accounts Production v25.1.4.42 10989962 director 1.11.23 31.10.24 31.10.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109899622023-10-31109899622024-10-31109899622023-11-012024-10-31109899622022-10-31109899622022-11-012023-10-31109899622023-10-3110989962ns15:EnglandWales2023-11-012024-10-3110989962ns14:PoundSterling2023-11-012024-10-3110989962ns10:Director12023-11-012024-10-3110989962ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3110989962ns10:SmallEntities2023-11-012024-10-3110989962ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3110989962ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3110989962ns10:FullAccounts2023-11-012024-10-3110989962ns10:OrdinaryShareClass12023-11-012024-10-3110989962ns10:RegisteredOffice2023-11-012024-10-3110989962ns5:CurrentFinancialInstruments2024-10-3110989962ns5:CurrentFinancialInstruments2023-10-3110989962ns5:Non-currentFinancialInstruments2024-10-3110989962ns5:Non-currentFinancialInstruments2023-10-3110989962ns5:ShareCapital2024-10-3110989962ns5:ShareCapital2023-10-3110989962ns5:RetainedEarningsAccumulatedLosses2024-10-3110989962ns5:RetainedEarningsAccumulatedLosses2023-10-3110989962ns5:FurnitureFittings2023-11-012024-10-3110989962ns5:FurnitureFittings2023-10-3110989962ns5:FurnitureFittings2024-10-3110989962ns5:FurnitureFittings2023-10-3110989962ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3110989962ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3110989962ns5:CurrentFinancialInstruments2023-11-012024-10-3110989962ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-10-3110989962ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3110989962ns5:Non-currentFinancialInstruments2023-11-012024-10-3110989962ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-10-3110989962ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3110989962ns5:Secured2024-10-3110989962ns5:Secured2023-10-3110989962ns10:OrdinaryShareClass12024-10-3110989962ns5:RetainedEarningsAccumulatedLosses2023-10-3110989962ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31
REGISTERED NUMBER: 10989962 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

STARFINE PROPERTIES LIMITED

STARFINE PROPERTIES LIMITED (REGISTERED NUMBER: 10989962)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STARFINE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mrs E Endzweig





REGISTERED OFFICE: 123 Clapton Common
C/O Midos
E5 9AB





REGISTERED NUMBER: 10989962 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

STARFINE PROPERTIES LIMITED (REGISTERED NUMBER: 10989962)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 4,331 5,095
Investment property 6 2,245,437 2,245,437
2,249,768 2,250,532

CURRENT ASSETS
Debtors 7 262,442 210,842
Cash at bank 159,837 192,899
422,279 403,741
CREDITORS
Amounts falling due within one year 8 (453,647 ) (484,056 )
NET CURRENT LIABILITIES (31,368 ) (80,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,218,400

2,170,217

CREDITORS
Amounts falling due after more than one
year

9

(1,792,207

)

(1,798,055

)
NET ASSETS 426,193 372,162

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 426,192 372,161
SHAREHOLDERS' FUNDS 426,193 372,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

STARFINE PROPERTIES LIMITED (REGISTERED NUMBER: 10989962)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2024


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 and authorized for issue by the director and authorised for issue on 22 July 2025 and were signed by:





Mrs E Endzweig - Director


STARFINE PROPERTIES LIMITED (REGISTERED NUMBER: 10989962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Starfine Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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 year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

STARFINE PROPERTIES LIMITED (REGISTERED NUMBER: 10989962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2023
and 31 October 2024 10,328
DEPRECIATION
At 1 November 2023 5,233
Charge for year 764
At 31 October 2024 5,997
NET BOOK VALUE
At 31 October 2024 4,331
At 31 October 2023 5,095

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 2,245,437
NET BOOK VALUE
At 31 October 2024 2,245,437
At 31 October 2023 2,245,437

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 262,442 210,842

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors - 527
Taxation and social security 18,265 47,308
Other creditors 435,382 436,221
453,647 484,056

Other creditors represent short term loans which are unsecured, interest free and repayable on demand.

STARFINE PROPERTIES LIMITED (REGISTERED NUMBER: 10989962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 10) 1,775,687 1,771,439
Other creditors 16,520 26,616
1,792,207 1,798,055

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,305,924 1,286,513

Repayable by instalments
Bank loans more 5 yr by instal 469,763 484,926

Other creditors include outstanding Bounceback Loan payable of £16,520 [2023 - £26,616]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 16,520 26,616

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,305,924 1,286,513

Repayable by instalments
Bank loans more 5 yr by instal 469,763 484,926

11. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 1,775,687 1,771,439

Bank loan is secured by first charge over the investment property.

STARFINE PROPERTIES LIMITED (REGISTERED NUMBER: 10989962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary £1 1 1

13. RESERVES
Retained
earnings
£   

At 1 November 2023 372,161
Profit for the year 54,031
At 31 October 2024 426,192