REGISTERED NUMBER: 00485135 (England and Wales)

BRIGHTSTAR INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr T C Wood

Mrs H P Wood

REGISTERED OFFICE:

The Oceanic

1 Lansdowne Road

Falmouth

Cornwall

TR11 4BE

REGISTERED NUMBER:

00485135 (England and Wales)

ACCOUNTANTS:

Johnson Tidsall Limited

Chartered Accountants

81 Burton Road

Derby

Derbyshire

DE1 1TJ

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

473,068

473,068

473,068

473,068

CURRENT ASSETS

Stocks

536,998

1,017,983

Debtors

6

609,446

1,504

Cash at bank and in hand

144,516

135,133

1,290,960

1,154,620

CREDITORS

Amounts falling due within one year

7

83,017

73,009

NET CURRENT ASSETS

1,207,943

1,081,611

TOTAL ASSETS LESS CURRENT LIABILITIES

1,681,011

1,554,679

CREDITORS

Amounts falling due after more than one year

8

(567,668

)

(567,668

)

ACCRUALS AND DEFERRED INCOME

(2,000

)

(1,900

)

NET ASSETS

1,111,343

985,111

CAPITAL AND RESERVES

Called up share capital

47,818

47,818

Share premium

455,250

455,250

Retained earnings

608,275

482,043

SHAREHOLDERS' FUNDS

1,111,343

985,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 6 October 2025 and were signed on its behalf by:

Mr T C Wood - Director

1.	STATUTORY INFORMATION

Brightstar Investments Limited 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.

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 each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary 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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

78,878

1,862

80,740

DEPRECIATION

At 1 February 2024

and 31 January 2025

78,878

1,862

80,740

NET BOOK VALUE

At 31 January 2025

-

-

-

At 31 January 2024

-

-

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

473,068

NET BOOK VALUE

At 31 January 2025

473,068

At 31 January 2024

473,068

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Directors' current accounts

609,407

-

VAT

39

1,504

609,446

1,504

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

33,576

32,343

Corporation tax

49,424

37,261

Social security and other taxes

17

235

Other creditors

-

2,095

Directors' current accounts

-

1,075

83,017

73,009

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

567,668

567,668

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

Mr T C Wood

Balance outstanding at start of year

(1,075

)

(412,266

)

Amounts advanced

635,482

486,191

Amounts repaid

(25,000

)

(75,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

609,407

(1,075

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T C Wood.