REGISTERED NUMBER: 04540649 (England and Wales)

STARCROSS BUILDING LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K G Pountney

REGISTERED OFFICE:

Branston Court

Branston Street

Birmingham

West Midlands

B18 6BA

REGISTERED NUMBER:

04540649 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

5,910

7,207

Investment property

5

3,340,000

3,340,000

3,345,910

3,347,207

CURRENT ASSETS

Debtors

6

164,506

189,403

Cash at bank

18,144

48,383

182,650

237,786

CREDITORS

Amounts falling due within one year

7

2,156,595

2,411,604

NET CURRENT LIABILITIES

(1,973,945

)

(2,173,818

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,371,965

1,173,389

PROVISIONS FOR LIABILITIES

244,744

245,225

NET ASSETS

1,127,221

928,164

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

8

613,330

613,330

Retained earnings

513,889

314,832

SHAREHOLDERS' FUNDS

1,127,221

928,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 September 2025 and were signed by:

K G Pountney - Director

1.	STATUTORY INFORMATION

Starcross Building 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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,750

26,056

6,100

34,906

DEPRECIATION

At 1 January 2024

1,446

20,153

6,100

27,699

Charge for year

412

885

-

1,297

At 31 December 2024

1,858

21,038

6,100

28,996

NET BOOK VALUE

At 31 December 2024

892

5,018

-

5,910

At 31 December 2023

1,304

5,903

-

7,207

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

3,340,000

NET BOOK VALUE

At 31 December 2024

3,340,000

At 31 December 2023

3,340,000

Included in fair value of investment property is freehold land of £ 840,000 (2023 - £ 840,000 ) which is not depreciated.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2020

685,231

Valuation in 2024

173,174

Cost

2,481,595

3,340,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

78,735

99,377

Other debtors

82,000

82,160

Prepayments

3,771

7,866

164,506

189,403

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

17,713

44,744

Amounts owed to group undertakings

1,349,943

1,589,809

Amounts owed to participating interests

595,503

595,637

Social security and other taxes

13,789

16,772

Other creditors

61,873

56,762

Accrued expenses

117,774

107,880

2,156,595

2,411,604

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

613,330

9.	RELATED PARTY DISCLOSURES

At the balance sheet date £350,000 (2023 - £350,000) was owed to Uncles Properties Limited, a company with a director in common.

At the balance sheet date £245,637 (2023 - £245,637) was owed to Uncles The Original Pawnbrokers Limited, a company with a director in common.

At the balance sheet date £74,000 (2023 - £74,000) was owed from Vyse Developments Limited, a company with a director in common.