Registration number: 05779344

Highway Star Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Highway Star Limited

Company Information

Director

Mr A G Robertson

Company secretary

Mr A G Robertson

Registered office

9 Knightsbridge Court Chester CH1 1QG

Accountants

G W Kelly & Company Chartered Certified Accountants3 Stadium Court Plantation Road Bromborough Merseyside CH62 3QG

Highway Star Limited

(Registration number: 05779344)
Balance Sheet as at 30 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	3,163	1,233
Investment property	5	1,200,000	1,200,000
		1,203,163	1,201,233
Current assets
Debtors	6	51,319	39,125
Cash at bank and in hand		7,630	25,756
		58,949	64,881
Creditors: Amounts falling due within one year	7	(1,165,062)	(1,149,071)
Net current liabilities		(1,106,113)	(1,084,190)
Total assets less current liabilities		97,050	117,043
Creditors: Amounts falling due after more than one year	7	(2,271)	(7,270)
Net assets		94,779	109,773
Capital and reserves
Called up share capital	8	100	100
Other reserves		(450,453)	(450,453)
Profit and loss account		545,132	560,126
Shareholders' funds		94,779	109,773

For the financial year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025
 

Highway Star Limited

(Registration number: 05779344)
Balance Sheet as at 30 December 2024

......................................... Mr A G Robertson Company secretary and director

Highway Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
9 Knightsbridge Court
Chester
CH1 1QG

These financial statements were authorised for issue by the director on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Highway Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer Equipment	33% straight line basis p.a.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by an internal valuer The valuer uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Highway Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Highway Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 31 December 2023	1,233	1,233
Additions	2,895	2,895
At 30 December 2024	4,128	4,128
Depreciation
Charge for the year	965	965
At 30 December 2024	965	965
Carrying amount
At 30 December 2024	3,163	3,163
At 30 December 2023	1,233	1,233

5	Investment properties

	2024 £
At 31 December	1,200,000
At 30 December	1,200,000

The fair value of the investment property was undertaken by A Robertson who is internal to the company.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		25,004	-
Amounts owed by related parties		(10,000)	-
Prepayments		2,734	-
Other debtors		33,581	39,125
		51,319	39,125

Highway Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	9	5,000	5,000
Taxation and social security		1,537	119
Accruals and deferred income		-	6,643
Other creditors		1,158,525	1,137,309
		1,165,062	1,149,071

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,000	5,000

Highway Star Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	2,271	7,270

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	2,271	7,270

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,000	5,000