ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 03280253

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	STAR EUROPE LIMITED


STAR EUROPE LIMITED

COMPANY INFORMATION

Director	J L Misfeldt


Company secretary	M Haines


Registered number	03280253


Registered office	Telehouse North
	Star Suite, 3rd Floor
	1 Coriander Avenue
	London
	E14 2AA


Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


STAR EUROPE LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 5


STAR EUROPE LIMITED REGISTERED NUMBER:03280253

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		45,692		36,039
			45,692		36,039
Current assets
Debtors: amounts falling due within one year	5	6,302,958		6,064,844
Cash at bank and in hand		95,209		109,307
		6,398,167		6,174,151
Creditors: amounts falling due within one year	6	(1,552,873)		(1,403,719)
Net current assets			4,845,294		4,770,432
Total assets less current liabilities			4,890,986		4,806,471

Net assets			4,890,986		4,806,471

Capital and reserves
Called up share capital	1,700,000	1,700,000
Share premium account	792,043	792,043
Profit and loss account	2,398,943	2,314,428
	4,890,986	4,806,471

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

J L Misfeldt

Director

Date: 30 September 2025

The notes on pages 6 to 9 form part of these financial statements.

Page 1


STAR EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Star Europe Limited is a private company, limited by shares, incorporated in England and Wales, company
registration number 03280253. The address of the registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

The turnover shown in the profit and loss account represents amounts receivable for rental services provided during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes. Amounts received in advance are recognised as deferred income in creditors.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery	-	20% straight line
Computer equipment	-	33% Reducing Balance
Leasehold improvements	-	10% Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2


STAR EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 3


STAR EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

	Plant and machinery	Computer equipment	Leasehold improvement	Total
	£	£	£	£
Cost or valuation
At 1 January 2024	167,858	-	-	167,858
Additions	8,204	12,050	7,100	27,354
At 31 December 2024	176,062	12,050	7,100	195,212
Depreciation
At 1 January 2024	131,819	-	-	131,819
Charge for the year on owned assets	13,014	3,977	710	17,701
At 31 December 2024	144,833	3,977	710	149,520
Net book value
At 31 December 2024	31,229	8,073	6,390	45,692
At 31 December 2023	36,039	-	-	36,039

Page 4


STAR EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	388,817	343,213
Other debtors	5,757,343	5,549,897
Prepayments and accrued income	156,798	171,734
	6,302,958	6,064,844

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	1,043,839	890,625
Corporation tax	25,000	5,492
Other taxation and social security	-	40,279
Other creditors	136,370	138,695
Accruals and deferred income	347,664	328,628
	1,552,873	1,403,719

Not later than 1 year	623,137	623,137
Later than 1 year and not later than 5 years	356,573	979,710
	979,710	1,602,847

8.	Related party transactions
	There was an amount due from a connected party, under common control, at the balance sheet date of £5,741,547 (2023: £5,549,897) on which no interest has been charged and there are no fixed repayment dates. During the year amounts of £650,801 (2023: £542,953) where advanced to this entity and the company was charged £309,151 (2023: £328,236) for recharged costs.

Page 5