Star Actuarial Futures Limited 31/12/2024 iXBRL

Company registration number: SC366497

Star Actuarial Futures Limited

Unaudited filleted financial statements

31 December 2024

Star Actuarial Futures Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Star Actuarial Futures Limited

Directors and other information


	Directors	Mr Louis Manson
		Mr Antony Buxton


	Company number	SC366497


	Registered office	123 Irish Street
		Dumfries
		Dumfries and Galloway
		DG1 2PE


	Accountants	Carson & Trotter
		Chartered Accountants
		123 Irish Street
		Dumfries
		DG1 2PE

Star Actuarial Futures Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Star Actuarial Futures Limited

Year ended 31st December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Star Actuarial Futures Limited for the year ended 31st December 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Star Actuarial Futures Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Star Actuarial Futures Limited and state those matters that we have agreed to state to the board of directors of Star Actuarial Futures Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Star Actuarial Futures Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Star Actuarial Futures Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Star Actuarial Futures Limited. You consider that Star Actuarial Futures Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Star Actuarial Futures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carson & Trotter

Chartered Accountants

123 Irish Street

Dumfries

DG1 2PE

29th September 2025

Star Actuarial Futures Limited

Statement of financial position

31st December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	3,936		14,405
		_______		_______
			3,936		14,405

Current assets
Debtors	6	356,104		673,796
Cash at bank and in hand		659,640		380,037
		_______		_______
		1,015,744		1,053,833
Creditors: amounts falling due
within one year	7	( 342,065)		( 269,164)
		_______		_______
Net current assets			673,679		784,669
			_______		_______
Total assets less current liabilities			677,615		799,074


Provisions for liabilities			( 984)		( 2,917)

			_______		_______
Net assets			676,631		796,157
			_______		_______

Capital and reserves
Called up share capital	8		4		4
Profit and loss account			676,627		796,153
			_______		_______
Shareholders funds			676,631		796,157
			_______		_______

For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr Antony Buxton

Director

Company registration number: SC366497

Star Actuarial Futures Limited

Notes to the financial statements

Year ended 31st December 2024

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 123 Irish Street, Dumfries, Dumfries and Galloway, DG1 2PE.

2. Statement of compliance

The significant accounting policies applied in the preparation of these financial statements are set out below. These have been consistently applied unless otherwise stated. These financial statements have been prepared in compliance with the provisions of FRS 102, section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance
Computer equipmemt	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

The company only enters into Basic Financial Instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans with related parties.All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Defined contribution plans

Contributions to pension plans are recognised as an expense when they are due.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 21 (2023: 24 ).

5. Tangible assets

	Fixtures, fittings and equipment	Computer Equipment	Total
	£	£	£
Cost
At 1st January 2024 and 31st December 2024	13,484	67,113	80,597
	_______	_______	_______
Depreciation
At 1st January 2024	11,144	55,048	66,192
Charge for the year	587	9,882	10,469
	_______	_______	_______
At 31st December 2024	11,731	64,930	76,661
	_______	_______	_______
Carrying amount
At 31st December 2024	1,753	2,183	3,936
	_______	_______	_______
At 31st December 2023	2,340	12,065	14,405
	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	345,021	667,479
Other debtors	11,083	6,317
	_______	_______
	356,104	673,796
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	195,539	179,193
Corporation tax	40,066	11,992
Social security and other taxes	89,750	65,617
Other creditors	16,710	12,362
	_______	_______
	342,065	269,164
	_______	_______

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	4	4	4	4
	_______	_______	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Louis Manson	-	-	-
	Mr Antony Buxton	-	1,716	1,716
		_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Louis Manson	26,718	( 26,718)	-
	Mr Antony Buxton	-	-	-
		_______	_______	_______

10. Related party transactions

The company paid dividends to the directors of £231,100. There were no other commercial transactions during the year.

11. Controlling party

The company is under the control of the directors.