Longstar Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09431676

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		30,403		28,968
Investment Properties	5		9,177,613		11,999,396

			9,208,016		12,028,364
CURRENT ASSETS
Debtors	6	134,346		12,001
Cash at bank and in hand		282,932		337,317

		417,278		349,318
Creditors: Amounts Falling Due Within One Year	7	(79,143 )		(51,639 )

NET CURRENT ASSETS (LIABILITIES)			338,135		297,679

TOTAL ASSETS LESS CURRENT LIABILITIES			9,546,151		12,326,043

Creditors: Amounts Falling Due After More Than One Year	8		(10,565,844 )		(12,500,801 )

NET LIABILITIES			(1,019,693 )		(174,758 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(1,019,793 )		(174,858 )

SHAREHOLDERS' FUNDS			(1,019,693)		(174,758)

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Longstar Properties Limited

Balance Sheet (continued)

As At 31 December 2024

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A Dahya

Director

11 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Longstar Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09431676 . The registered office is Fairman Harris, 1 Landor Road, London, SW9 9RX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

15% Reducing Balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	97,163
Additions	6,801

As at 31 December 2024	103,964

Depreciation
As at 1 January 2024	68,195
Provided during the period	5,366

As at 31 December 2024	73,561

Net Book Value
As at 31 December 2024	30,403

As at 1 January 2024	28,968

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Longstar Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024	11,999,396
Disposals	(2,821,783 )

As at 31 December 2024	9,177,613

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,313	(19,408 )
Prepayments and accrued income	59,418	28,851
Other Debtor	72,615	2,558

	134,346	12,001

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	16,620	25,424
Other creditors (4)	-	4,258
Accruals and deferred income	62,523	21,957

	79,143	51,639

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	5,444,868	7,063,500
Other creditors	4,358,976	4,695,301
Amounts owed to associated company	762,000	742,000

	10,565,844	12,500,801

The above loan has been secured towards to investment properties.

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

At the year end, the company owed £762,000 (2023: £742,000) to Sota Enterprises Limited, a company with common directors and ownership.

At the yea rend, the company owed £3,707,633 (2023: £4,068,958) to Colton Holdings (UK) Limited

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr Aslam Dahya by virtue of his ownership of 50% but not more than 75% of the issued share capital in the company.

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