IRIS Accounts Production v25.1.4.42 Keystar Holdings Limited 09763962 Board of Directors 1.5.24 30.4.25 30.4.25 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097639622024-04-30097639622025-04-30097639622024-05-012025-04-30097639622023-04-30097639622023-05-012024-04-30097639622024-04-300976396212024-05-012025-04-3009763962ns15:EnglandWales2024-05-012025-04-3009763962ns14:PoundSterling2024-05-012025-04-3009763962ns10:Director12024-05-012025-04-3009763962ns10:PrivateLimitedCompanyLtd2024-05-012025-04-3009763962ns10:SmallEntities2024-05-012025-04-3009763962ns10:AuditExemptWithAccountantsReport2024-05-012025-04-3009763962ns10:SmallCompaniesRegimeForDirectorsReport2024-05-012025-04-3009763962ns10:SmallCompaniesRegimeForAccounts2024-05-012025-04-3009763962ns10:FullAccounts2024-05-012025-04-3009763962ns10:Director22024-05-012025-04-3009763962ns10:CompanySecretary12024-05-012025-04-3009763962ns10:RegisteredOffice2024-05-012025-04-3009763962ns5:CurrentFinancialInstruments2025-04-3009763962ns5:CurrentFinancialInstruments2024-04-3009763962ns5:ShareCapital2025-04-3009763962ns5:ShareCapital2024-04-3009763962ns5:RetainedEarningsAccumulatedLosses2025-04-3009763962ns5:RetainedEarningsAccumulatedLosses2024-04-3009763962ns5:PlantMachinery2024-05-012025-04-3009763962ns5:PlantMachinery2024-04-3009763962ns5:PlantMachinery2025-04-3009763962ns5:PlantMachinery2024-04-3009763962ns5:CostValuation2024-04-3009763962ns5:WithinOneYearns5:CurrentFinancialInstruments2025-04-3009763962ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3009763962ns5:DeferredTaxation2024-04-3009763962ns5:DeferredTaxation2024-05-012025-04-3009763962ns5:DeferredTaxation2025-04-30
REGISTERED NUMBER: 09763962 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Prospect CNC Limited

Prospect CNC Limited (Registered number: 09763962)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Prospect CNC Limited

Company Information
for the Year Ended 30 April 2025







DIRECTORS: A J Starkey
Mrs D Starkey





SECRETARY: Mrs D Starkey





REGISTERED OFFICE: Unit A2
Halesfield 21
Telford
Shropshire
TF7 4NX





REGISTERED NUMBER: 09763962 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Prospect CNC Limited (Registered number: 09763962)

Balance Sheet
30 April 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 89,447 105,232
Investments 5 100 100
89,547 105,332

CURRENT ASSETS
Debtors 6 - 778
Cash at bank 4,665 2,043
4,665 2,821
CREDITORS
Amounts falling due within one year 7 (6,841 ) (20,542 )
NET CURRENT LIABILITIES (2,176 ) (17,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,371

87,611

PROVISIONS FOR LIABILITIES 8 (16,800 ) (26,000 )
NET ASSETS 70,571 61,611

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,471 61,511
SHAREHOLDERS' FUNDS 70,571 61,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Prospect CNC Limited (Registered number: 09763962)

Balance Sheet - continued
30 April 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





A J Starkey - Director


Prospect CNC Limited (Registered number: 09763962)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Prospect CNC 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Prospect CNC Limited (Registered number: 09763962)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2024
and 30 April 2025 332,806
DEPRECIATION
At 1 May 2024 227,574
Charge for year 15,785
At 30 April 2025 243,359
NET BOOK VALUE
At 30 April 2025 89,447
At 30 April 2024 105,232

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2024
and 30 April 2025 100
NET BOOK VALUE
At 30 April 2025 100
At 30 April 2024 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed to group undertakings - 2,099
Taxation and social security 5,840 16,622
Other creditors 1,001 1,821
6,841 20,542

Prospect CNC Limited (Registered number: 09763962)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 16,800 26,000

Deferred
tax
£   
Balance at 1 May 2024 26,000
Credit to Profit and Loss Account during year (9,200 )
Balance at 30 April 2025 16,800

9. RELATED PARTY DISCLOSURES

Willstar Precision Engineering Limited
A wholly owned subsidiary company

Plant and machinery rental received from subsidiary £22,500 (2024 - £52,974)
Dividends received from subsidiary £26,130 (2024 - £nil)


2025 2024
£ £

Amount due to the related party at the balance sheet date-2,099


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Prospect CNC Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Prospect CNC Limited for the year ended 30 April 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Prospect CNC Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prospect CNC Limited and state those matters that we have agreed to state to the Board of Directors of Prospect CNC Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prospect CNC Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Prospect CNC Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prospect CNC Limited. You consider that Prospect CNC Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prospect CNC Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


11 July 2025