Registered number
04320614
STAREX ENTERPRISES LIMITED
Filleted Accounts
31 December 2024

STAREX ENTERPRISES LIMITED
Registered number: | 04320614
Balance Sheet
as at 31 December 2024
Notes |  |  | 2024 |  |  | 2023
US$ | US$
Fixed assets
Investments | 3 |  |  | 2,394,000 |  |  | 2,394,000
Current assets
Debtors | 4 |  | 2,663 |  |  | 2,663
Creditors: amounts falling due within one year | 5 |  | (466,652) |  |  | (463,658)
Net current liabilities |  |  |  | (463,989) |  |  | (460,995)
Total assets less current liabilities |  |  |  | 1,930,011 |  |  | 1,933,005
Creditors: amounts falling due after more than one year | 6 |  |  | (3,240,225) |  |  | (3,240,225)
Net liabilities |  |  |  | (1,310,214) |  |  | (1,307,220)
Capital and reserves
Called up share capital |  |  |  | 1,425 |  |  | 1,425
Profit and loss account |  |  |  | (1,311,639) |  |  | (1,308,645)
Shareholders' funds |  |  |  | (1,310,214) |  |  | (1,307,220)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Marikka Theodoulou
Director
Approved by the board on 15 September 2025

STAREX ENTERPRISES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 | Accounting policies
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 | Employees | 2024 |  | 2023
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Investments
Investments in
subsidiary
undertakings
US$
| Cost
| At 1 January 2024 | 2,394,000
| At 31 December 2024 | 2,394,000
4 | Debtors | 2024 |  | 2023
US$ | US$
| Other debtors | 2,663 |  | 2,663
5 | Creditors: amounts falling due within one year | 2024 |  | 2023
US$ | US$
| Other creditors | 466,652 |  | 463,658
6 | Creditors: amounts falling due after one year | 2024 |  | 2023
US$ | US$
| Other creditors | 3,240,225 |  | 3,240,225
7 | Other information
| STAREX ENTERPRISES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| 85 Great Portland Street
| London
| UK
| W1W 7LT

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