REGISTERED NUMBER: 04136299 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NETSTAR 9 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S M Birchall

REGISTERED OFFICE:

2a Manor House Lane

Preston

Lancashire

PR1 6HL

REGISTERED NUMBER:

04136299 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

612,488

622,520

612,488

622,520

CURRENT ASSETS

Debtors

6

80,633

91,774

Investments

7

65,354

65,354

Cash at bank

346,042

112,220

492,029

269,348

CREDITORS

Amounts falling due within one year

8

279,107

151,386

NET CURRENT ASSETS

212,922

117,962

TOTAL ASSETS LESS CURRENT LIABILITIES

825,410

740,482

CREDITORS

Amounts falling due after more than one year

9

-

(4,500

)

PROVISIONS FOR LIABILITIES

(11,061

)

(13,051

)

NET ASSETS

814,349

722,931

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

105,075

105,075

Retained earnings

709,174

617,756

SHAREHOLDERS' FUNDS

814,349

722,931

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 29 August 2025 and were signed by:

S M Birchall - Director

1.	STATUTORY INFORMATION

Netstar 9 Ltd 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.

Turnover

Turnover represents net invoiced sales of services.

Goodwill

Goodwill is written off in equal instalments over its useful economic life of 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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

Freehold property

- not provided

Improvements to property

- 10% on cost

Fixtures and fittings

- 25% on cost

Motor vehicles

- 25% on cost

Freehold property held by the company is not subject to depreciation. This is a departure from the Companies Act 2006, stating that all tangible fixed assets should be depreciated over the useful economic life of the asset. Any depreciation charge on the asset would not, in the opinion of the directors, be material since the property is maintained to a high standard.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The director believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the Going Concern basis of accounting in preparing the annual financial statements has been adopted.

Government grants

Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of the grant is included within creditors.

Grants of a revenue nature are credited to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

127,500

AMORTISATION

At 1 January 2024

and 31 December 2024

127,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Motor

property

property

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

600,000

60,000

34,029

19,694

713,723

DEPRECIATION

At 1 January 2024

-

49,500

30,717

10,986

91,203

Charge for year

-

6,000

1,657

2,375

10,032

At 31 December 2024

-

55,500

32,374

13,361

101,235

NET BOOK VALUE

At 31 December 2024

600,000

4,500

1,655

6,333

612,488

At 31 December 2023

600,000

10,500

3,312

8,708

622,520

Cost or valuation at 31 December 2024 is represented by:

Improvements

Fixtures

Freehold

to

and

Motor

property

property

fittings

vehicles

Totals

£

£

£

£

£

Valuation in 2003

51,210

-

-

-

51,210

Valuation in 2010

53,865

-

-

-

53,865

Cost

494,925

60,000

34,029

19,694

608,648

600,000

60,000

34,029

19,694

713,723

If freehold land and building had not been revalued they would have been included at the following historical cost:

31/12/24

31/12/23

£

£

Cost

494,925

494,925

Freehold land and buildings were valued on an open market basis on 31 December 2010 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

74,726

86,589

Prepayments

5,907

5,185

80,633

91,774

7.	CURRENT ASSET INVESTMENTS

31/12/24

31/12/23

£

£

Unlisted investments

65,354

65,354

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

8,995

8,215

Tax

100,255

38,813

Social security and other taxes

7,243

-

Other creditors

6,391

6,391

Government grant

4,500

6,000

Credit cards

6,889

13,576

Accruals and deferred income

144,834

78,391

279,107

151,386

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Government grant

-

4,500

10.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

105,075

11.	RELATED PARTY DISCLOSURES

NS9 Childcare Limited is the parent company of Netstar 9 Limited. During the year a management charge of £34,000 (2023: £34,000) was invoiced from NS9 Childcare Limited. Included within other debtors at 31 December 2024 was a balance of £74,726 due from NS9 Childcare Limited. No interest was charged on the loan.