Registered number
13754739
Starclass Limited
Filleted Accounts
30 November 2024
Starclass Limited
Registered number: 13754739
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 45,865,000 46,275,000
Current assets
Debtors 4 29,393,725 28,514,965
Cash at bank and in hand 12,557 2,160
29,406,282 28,517,125
Creditors: amounts falling due within one year 5 (53,048,068) (28,537,051)
Net current liabilities (23,641,786) (19,926)
Total assets less current liabilities 22,223,214 46,255,074
Creditors: amounts falling due after more than one year 6 - (24,281,416)
Net assets 22,223,214 21,973,658
Capital and reserves
Called up share capital 27,643,684 27,643,684
Profit and loss account (5,420,470) (5,670,026)
Shareholder's funds 22,223,214 21,973,658
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
A I Spencer
Director
Approved by the board on 22 August 2025
Starclass Limited
Notes to the Accounts
for the year ended 30 November 2024
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 receivable for the rental of the investment properties, net of value added taxes where applicable.
Investment properties
The investment properties are included at fair value. Gains and losses on revaluation are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. 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 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment Properties
£
Fair Value
At 1 December 2023 46,275,000
Additions 165,429
Revaluation deficit (165,429)
Disposals (410,000)
At 30 November 2024 45,865,000
In the opinion of the director, the investment properties are stated at fair value as at the balance sheet date. On a historical note basis the properties would have been included at an original cost of £51,943,746
4 Debtors 2024 2023
£ £
Trade debtors 3,512 199,159
Other debtors 29,390,213 28,315,806
29,393,725 28,514,965
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 23,882,035 -
Trade creditors 114,875 164,910
Taxation and social security costs 153,578 -
Other creditors 28,897,580 28,372,141
53,048,068 28,537,051
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 24,281,416
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 23,882,035 24,281,416
The bank loans are secured by a fixed and floating charge over the investment properties.
8 Other information
Starclass Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Jacobs Well Mews
London
W1U 3DY
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