Company No: 07095654 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,355		5,026
Investment property	4	2,200,000		2,200,000
Investments	5	205,983		211,147
		2,407,338		2,416,173
Current assets
Debtors	6	107,262		110,612
Cash at bank and in hand		93,114		97,396
		200,376		208,008
Creditors: amounts falling due within one year	7	( 1,530,829)		( 1,646,353)
Net current liabilities		(1,330,453)		(1,438,345)
Total assets less current liabilities		1,076,885		977,828
Creditors: amounts falling due after more than one year	8	( 4,167)		( 14,167)
Provision for liabilities		( 58,000)		( 58,000)
Net assets		1,014,718		905,661
Capital and reserves
Called-up share capital	9	50		50
Profit and loss account	11	1,014,668		905,611
Total shareholder's funds		1,014,718		905,661

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of K Star Solutions Limited (registered number: 07095654) were approved and authorised for issue by the Board of Directors on 22 September 2025. They were signed on its behalf by:

Mr K Starling Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

K Star Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue based on its value of the service provided to date.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not included. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Rental revenue is recognised as the rent falls due. Property sales of development sites are recognised as revenue on completion. Sales of properties held for investment are recognised as disposal of fixed assets.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings	4 years straight line
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 January 2024	19,390		2,571		21,961
Additions	1,808		0		1,808
Disposals	( 4,470)		0		( 4,470)
At 31 December 2024	16,728		2,571		19,299
Accumulated depreciation
At 01 January 2024	14,551		2,384		16,935
Charge for the financial year	4,176		187		4,363
Disposals	( 3,354)		0		( 3,354)
At 31 December 2024	15,373		2,571		17,944
Net book value
At 31 December 2024	1,355		0		1,355
At 31 December 2023	4,839		187		5,026

4. Investment property

	Investment property
	£
Valuation
As at 01 January 2024	2,200,000
As at 31 December 2024	2,200,000

Valuation

The investment properties have been valued by the director on an open market basis.

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2024	211,147		211,147
Additions	262,969		262,969
Disposals	( 272,309)		( 272,309)
Movement in fair value	4,176		4,176
At 31 December 2024	205,983		205,983
Carrying value at 31 December 2024	205,983		205,983
Carrying value at 31 December 2023	211,147		211,147

The investments are listed and their carrying value is equal to their open market value.

6. Debtors

	2024		2023
	£		£
Other debtors	107,262		110,612

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	10,000		10,000
Amounts owed to directors	1,421,912		1,542,324
Accruals and deferred income	29,312		33,114
Taxation and social security	32,400		7,100
Other creditors	37,205		53,815
	1,530,829		1,646,353

8. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	4,167		14,167

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.50 each	50		50

10. Related party transactions

Other related party transactions

	2024		2023
	£		£
Balance due from an entity with a common director	7,350		10,700
Balance due to a director	1,421,912		1,542,324

At the year end the company was owed £7,350 from Ferret Technology Limited (2023: £10,700), a company with a common director. The interest rate on this loan is 3.5% and the loan is repayable on demand.

At the year end the company owed £1,421,912 to a director (2023: £1,542,324). The interest rate on this loan is 8.1% and the loan is repayable on demand.

11. Reserves

At the year end non-distributable reserves total £248,462 (2023: £248,462) which is in relation to the fair value of the investment property held within the company, net of the deferred tax adjustment.