2024-02-01 2025-01-31 05676657 Starchi Ltd false 05676657 2024-02-01 2025-01-31 05676657 uk-bus:Director1 2024-02-01 2025-01-31 05676657 uk-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 05676657 uk-bus:SmallEntities 2024-02-01 2025-01-31 05676657 uk-bus:FullAccounts 2024-02-01 2025-01-31 05676657 uk-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 05676657 2024-02-01 05676657 2025-01-31 05676657 2024-01-31 xbrli:pure iso4217:GBP 05676657 2023-02-01 2024-01-31

Company Registration Number : 05676657 (England and Wales)
05676657
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-01-31
false
Starchi Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-02-01
Starchi Ltd Unaudited filleted financial statements For the year ended 31 January 2025

Starchi Ltd Contents For the year ended 31 January 2025

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 6

Starchi Ltd Company Information For the year ended 31 January 2025

Company registration number |  | 05676657 (England and Wales)
Directors |  | Nwakaego Njideka Uba-Machie
|  | Chinedu Ikechukwu Machie
Company secretary |  | Chinedu Ikechukwu Machie
Registered office address |  | 8 Arundel Drive
|  | Chelsfield
|  | Kent
|  | BR6 9JG
Accountant |  | DNS Associates
|  | Chartered Accountants
|  | 382 Kenton Road
|  | Harrow, Middlesex
|  | HA3 8DP

Starchi Ltd Statement of Financial Position For the year ended 31 January 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Property, plant and equipment |  |  | - |  | 232
Investment Property |  |  | 313,065 |  | 313,065
| 5 |  | 313,065 |  | 313,298
Current assets |  |  |  |  |
Debtors |  |  | 3,461 |  | 1,553
Corporation tax receivable |  |  | 273 |  | -
Cash and cash equivalents |  |  | 13,117 |  | 10,485
|  |  | 16,851 |  | 12,038
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year |  |  | (28,571) |  | (18,871)
Corporation tax payable |  |  | - |  | (1,974)
|  |  | (28,571) |  | (20,846)
Net current (liabilities)/assets |  |  | (11,720) |  | (8,808)
Total assets less current liabilities |  |  | 301,345 |  | 304,490
Non-current liabilities |  |  |  |  |
Creditors: Amounts falling due after more than one year |  |  | (289,891) |  | (291,039)
Net assets/(liabilities) |  |  | 11,454 |  | 13,450
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 103 |  | 103
Retained earnings |  |  | 11,351 |  | 13,347
Shareholder's funds |  |  | 11,454 |  | 13,450
For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 August 2025
.............................
Nwakaego Njideka Uba-Machie (Director)
Company registration number: 05676657

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-01-31 31 January 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 313,065 |  | 313,298
Current Assets |  |  |  | 16,408 |  | 11,725
Cash in Hand/Bank |  |  |  | 13,117 |  | 10,485
Prepayments and accrued income |  |  |  | 443 |  | 313
Creditors: amounts falling due within one year |  |  |  | (28,571) |  | (20,846)
Net current assets/(liabilities) |  |  |  | (11,720) |  | (8,808)
Total assets less current liabilities |  |  |  | 301,345 |  | 304,490
CREDITORS: Amounts falling due more than one year |  |  |  | (289,891) |  | (291,039)
Net Assets/(liabilities) |  |  |  | 11,454 |  | 13,450
Capital and Reserves |  |  |  | 11,454 |  | 13,450
Called up share capital |  |  |  | 103 |  | 103
Profit and loss account |  |  |  | 11,351 |  | 13,347
SHAREHOLDER'S FUND |  |  |  | 11,454 |  | 13,450
For the year ending 31/01/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-01-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 20 August 2025 2025-08-20 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Nwakaego Njideka Uba-Machie |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 05676657 |  |  |  |  |  |  |  |  |  |

Starchi Ltd Notes to the Financial Statements For the year ended 31 January 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 8 Arundel Drive, Chelsfield, Kent, BR6 9JG.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
Land and Buildings |
Plant and Machinery |
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings | 25% straight line
Equipment |
Motor Cars |
Taxation
Taxation expense represents the aggregate amount of current tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
(4) Employees
During the year, the average number of employees including director was 1 (2024 : 1).
(5) Fixed assets
| Tangible £ | Investments Property £ | Totals £
Cost |  |  |
As at 01 February 2024 | 929 | 313,065 | 313,994
As at 31 January 2025 | 929 | 313,065 | 313,994
Depreciation/Amortisation |  |  |
As at 01 February 2024 | 696 | - | 696
For the year | 232 | - | 232
As at 31 January 2025 | 928 | - | 928
Net book value |  |  |
As at 31 January 2025 | 1 | 313,065 | 313,066
As at 31 January 2024 | 233 | 313,065 | 313,298
(6) Investment Properties
These financial statements for the year ended 31 January 2025 are prepared by FRS 102 1a "The financial reporting standard applicable in the UK and Republic of Ireland". The property is being measured at fair value under FRS 102 1a and no fair value gains or losses were found during the year.
(7) Mortgage Loan
The mortgage loans are secured by the investment properties.