REGISTERED NUMBER: NI653162 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ASTRELLAR LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Ms A Warren

P Donaldson

REGISTERED OFFICE:

17 Clarendon Road Clarendon Dock

Belfast

United Kingdom

Co. Antrim

BT1 3BG

REGISTERED NUMBER:

NI653162 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Belfast

BT1 3BG

FIXED ASSETS

Tangible assets

4

322,948

81,718

Investments

5

106,866

106,866

429,814

188,584

CURRENT ASSETS

Stocks

43,641

43,641

Debtors

6

1,910,073

540,682

Investments

7

9,526

66,297

Cash at bank

268,148

1,238,424

2,231,388

1,889,044

CREDITORS

Amounts falling due within one year

8

316,868

106,478

NET CURRENT ASSETS

1,914,520

1,782,566

TOTAL ASSETS LESS CURRENT LIABILITIES

2,344,334

1,971,150

PROVISIONS FOR LIABILITIES

33,236

20,429

NET ASSETS

2,311,098

1,950,721

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,310,998

1,950,621

2,311,098

1,950,721

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 directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

P Donaldson - Director

1.	STATUTORY INFORMATION

Astrellar Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In preparing these financial statements the directors have made the following judgements:

Consider the recoverability of debtors and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures, fittings & equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Ordinary Share Capital

The ordinary share capital of the company is presented as equity.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

Cash and cash equivalents

Cash consists of cash on hand and demand deposits. Cash equivalents consist of short term highly liquid investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of change in value.

All financial instruments of the company are considered to meet the definition of basic financial instruments.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

Plant and

fittings

property

machinery

& equipmen

£

£

£

COST

At 1 January 2024

-

666

694

Additions

192,251

520

1,248

Disposals

-

-

-

At 31 December 2024

192,251

1,186

1,942

DEPRECIATION

At 1 January 2024

-

112

399

Charge for year

2,248

154

320

Eliminated on disposal

-

-

-

At 31 December 2024

2,248

266

719

NET BOOK VALUE

At 31 December 2024

190,003

920

1,223

At 31 December 2023

-

554

295

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

139,861

5,322

146,543

Additions

119,000

-

313,019

Disposals

(94,861

)

-

(94,861

)

At 31 December 2024

164,000

5,322

364,701

DEPRECIATION

At 1 January 2024

61,225

3,089

64,825

Charge for year

33,966

731

37,419

Eliminated on disposal

(60,491

)

-

(60,491

)

At 31 December 2024

34,700

3,820

41,753

NET BOOK VALUE

At 31 December 2024

129,300

1,502

322,948

At 31 December 2023

78,636

2,233

81,718

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

106,866

NET BOOK VALUE

At 31 December 2024

106,866

At 31 December 2023

106,866

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

1,910,073

540,682

7.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Listed investments

9,526

66,297

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

191

482

Trade creditors

1,965

539

Taxation and social security

108,135

96,758

Other creditors

206,577

8,699

316,868

106,478

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Donaldson.