Starview Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03019155 (England and Wales)

STARVIEW PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Spyratos

Mrs M Spyratou

SECRETARY:

Mrs M Spyratou

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

03019155 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

4

700

824

Investment property

5

3,074,518

3,075,218

3,075,342

CURRENT ASSETS

Debtors

6

549

527

Cash at bank and in hand

17,907

18,723

18,456

19,250

CREDITORS

Amounts falling due within one year

7

68,834

65,684

NET CURRENT LIABILITIES

(50,378

)

(46,434

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,024,840

3,028,908

CREDITORS

Amounts falling due after more than one
year

8

(850,182

)

(850,096

)

PROVISIONS FOR LIABILITIES

11

(292,864

)

(292,864

)

NET ASSETS

1,881,794

1,885,948

CAPITAL AND RESERVES

Called up share capital

12

2

Fair value reserve

13

1,569,287

Retained earnings

13

312,505

316,659

SHAREHOLDERS' FUNDS

1,881,794

1,885,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

Mr S Spyratos - Director

1.	STATUTORY INFORMATION

Starview 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.

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 represents gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease agreement.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 29 February 2024

and 28 February 2025

16,115

DEPRECIATION

At 29 February 2024

15,291

Charge for year

124

At 28 February 2025

15,415

NET BOOK VALUE

At 28 February 2025

700

At 28 February 2024

824

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2024

and 28 February 2025

3,074,518

NET BOOK VALUE

At 28 February 2025

3,074,518

At 28 February 2024

3,074,518

In the opinion of the directors, the fair value of the investment properties as at 28 February 2024, are not materially different from that stated in the accounts.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

Prepayments

549

527

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

28.2.24

£

Tax

1,131

-

Amounts due to related companies

61,456

Directors' loan accounts

1,074

748

Accrued expenses

5,173

3,480

68,834

65,684

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.25

28.2.24

£

Bank loans (see note 9)

850,182

850,096

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

850,182

850,096

9.

LOANS

An analysis of the maturity of loans is given below:

28.2.25

28.2.24

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

850,182

850,096

10.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

28.2.24

£

Bank loans

850,182

850,096

The bank loans and overdraft are secured by fixed and floating charges over the investment properties and other assets of the company.

11.	PROVISIONS FOR LIABILITIES

28.2.25

28.2.24

£

Deferred tax

292,864

Deferred

tax

£

Balance at 29 February 2024

292,864

Accelerated capital allowances

Balance at 28 February 2025

292,864

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

28.2.24

value:

£

2

Ordinary

£1

2

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 29 February 2024

316,659

1,569,287

1,885,946

Profit for the year

8,346

Dividends

(12,500

)

(12,500

)

At 28 February 2025

312,505

1,569,287

1,881,792

14.	CONTROLLING PARTY

The trustees of Spyratos Capital Trust recognised as ultimate controlling party.