REGISTERED NUMBER: 09479495 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

100Starlings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Riccardo Cambiassi

Mr Alexandru Stubbs

REGISTERED OFFICE:

Devonshire House

582 Honeypot Lane

Stanmore

MIDDLESEX

HA7 1JS

REGISTERED NUMBER:

09479495 (England and Wales)

ACCOUNTANTS:

Capitax Financial Limited

Devonshire House

582 Honeypot Lane

Stanmore

MIDDLESEX

HA7 1JS

FIXED ASSETS

Tangible assets

4

56,708

57,667

CURRENT ASSETS

Stocks

162,550

141,279

Debtors

5

165,389

198,600

Cash at bank

180,941

119,280

508,880

459,159

CREDITORS

Amounts falling due within one year

6

521,200

380,548

NET CURRENT (LIABILITIES)/ASSETS

(12,320

)

78,611

TOTAL ASSETS LESS CURRENT LIABILITIES

44,388

136,278

PROVISIONS FOR LIABILITIES

1,179

1,361

NET ASSETS

43,209

134,917

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

43,109

134,817

SHAREHOLDERS' FUNDS

43,209

134,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 1 August 2025 and were signed on its behalf by:

Mr Alexandru Stubbs - Director

Mr Riccardo Cambiassi - Director

1.	STATUTORY INFORMATION

100Starlings 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

50,503

38,029

88,532

Additions

-

2,123

2,123

At 31 March 2025

50,503

40,152

90,655

DEPRECIATION

At 1 April 2024

-

30,865

30,865

Charge for year

-

3,082

3,082

At 31 March 2025

-

33,947

33,947

NET BOOK VALUE

At 31 March 2025

50,503

6,205

56,708

At 31 March 2024

50,503

7,164

57,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

120,484

153,695

Other debtors

44,905

44,905

165,389

198,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

358,676

204,436

Taxation and social security

39,295

44,235

Other creditors

123,229

131,877

521,200

380,548

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 March 2025, 100Starlings Ltd owed £8,229 to its directors. This amount is reflected in their respective director's loan accounts in credit balances, which is shown in other creditors under creditors due within one year. Please be advised that both the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.

8.	RELATED PARTY DISCLOSURES

Consultancy Fees paid to ChaosCafe Ltd:

During the year ended 31 March 2025, ChaosCafe Ltd provided consultancy and management services to the related company, 100Starlings Ltd. ChaosCafe Ltd charged 100Starlings Ltd £105,000 for providing this consultancy and management services. This service was provided on commercial terms and was charged at fair value, being an arm's length transactions. In addition to this, 100Starling Ltd has borrowed a short-term loan of £115,000 from ChaosCafe Ltd on an interest free basis. This loan is repayable on demand and hence is shown as part of Other Creditors under Creditors due within one year.