REGISTERED NUMBER: 14287934 (England and Wales)

Financial Statements

for the Period 1 September 2023 to 31 December 2024

for

Starry Fashion Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms Hanqiong Li

REGISTERED OFFICE:

1st Floor Spitalfields House

Stirling Way

Borehamwood

WD6 2FX

REGISTERED NUMBER:

14287934 (England and Wales)

SENIOR STATUTORY AUDITOR:

Michael Marcus FCA FCCA

AUDITORS:

TC Group

Statutory Auditor

First Floor

Spitalfields House

Stirling Way

Borehamwood

Hertfordshire

WD6 2FX

FIXED ASSETS

Investments

4

32,009,269

32,009,269

CURRENT ASSETS

Cash at bank

14,288

-

CREDITORS

Amounts falling due within one year

5

(90,222

)

(19,220

)

NET CURRENT LIABILITIES

(75,934

)

(19,220

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,933,335

31,990,049

CAPITAL AND RESERVES

Called up share capital

6

32,000,001

32,000,001

Retained earnings

(66,666

)

(9,952

)

SHAREHOLDERS' FUNDS

31,933,335

31,990,049

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 director and authorised for issue on 8 September 2025 and were signed by:

Ms Hanqiong Li - Director

1.	STATUTORY INFORMATION

Starry Fashion 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 US Dollar ($).

The functional and presentation currency of the financial statement is the US Dollar ($)

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.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Impairment of the fixed asset investment is a significant judgement in the preparation of the financial statements.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the period 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 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 period 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.

Investment in subsidiaries

The Company's investment in its subsidiaries and associates are carried at cost less provision for any impairment.

The carrying value is tested for impairment when there is an indication that the value of the investment might be impaired.

The Company recognises subsidiaries as such where the Company is considered to have control, both directly and indirectly through subsidiaries holding more than half the voting power of an entity. Associates are recognised where the Company is considered to hold significant influence, either directly or indirectly.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

Own

investments

shares

Totals

$

$

$

COST

At 1 September 2023

and 31 December 2024

9,269

32,000,000

32,009,269

NET BOOK VALUE

At 31 December 2024

9,269

32,000,000

32,009,269

At 31 August 2023

9,269

32,000,000

32,009,269

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.8.23

$

$

Amounts owed to participating interests

80,289

9,288

Other creditors

9,933

9,932

90,222

19,220

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.8.23

value:

$

$

32,000,001

Ordinary

1

32,000,001

32,000,001

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Marcus FCA FCCA (Senior Statutory Auditor)

for and on behalf of TC Group

8.	RELATED PARTY DISCLOSURES

At 31 December 2024, the company has a balance of $80,289 (2023: $9,288) due to parent undertaking and a fellow subsidiary undertaking.

9.	ULTIMATE CONTROLLING PARTY

The parent undertaking is Starry Fashion (Hong Kong) Company Limited, a company registered in Hong

Kong.

The ultimate controlling party is Youngor Fashion Co., Ltd. a company registered in China.