REGISTERED NUMBER: 04388222 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Start Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Cox

L Cox

SECRETARY:

L Cox

REGISTERED OFFICE:

19 Lovelace Avenue

Solihull

West Midlands

B91 3JR

REGISTERED NUMBER:

04388222 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,436

943

Investments

5

100

100

Investment property

6

1,340,000

1,860,000

1,341,536

1,861,043

CURRENT ASSETS

Debtors

7

30,241

34,499

Cash at bank

309,263

250,795

339,504

285,294

CREDITORS

Amounts falling due within one year

8

750,579

206,084

NET CURRENT (LIABILITIES)/ASSETS

(411,075

)

79,210

TOTAL ASSETS LESS CURRENT LIABILITIES

930,461

1,940,253

CREDITORS

Amounts falling due after more than one year

9

(169,467

)

(1,068,465

)

PROVISIONS FOR LIABILITIES

(1,204

)

(22,514

)

NET ASSETS

759,790

849,274

CAPITAL AND RESERVES

Called up share capital

11

100

100

Revaluation reserve

12

366,650

339,055

Retained earnings

393,040

510,119

SHAREHOLDERS' FUNDS

759,790

849,274

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 9 September 2025 and were signed on its behalf by:

J R Cox - Director

1.	STATUTORY INFORMATION

Start Estates 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 as modified by the revaluation of certain assets.

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.

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,028

Additions

1,019

At 31 March 2025

2,047

DEPRECIATION

At 1 April 2024

85

Charge for year

526

At 31 March 2025

611

NET BOOK VALUE

At 31 March 2025

1,436

At 31 March 2024

943

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,860,000

Disposals

(540,000

)

Revaluations

20,000

At 31 March 2025

1,340,000

NET BOOK VALUE

At 31 March 2025

1,340,000

At 31 March 2024

1,860,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

395,460

Cost

944,540

1,340,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

6,667

Amounts owed by group undertakings

14,056

52

Other debtors

16,185

27,780

30,241

34,499

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

651,340

99,185

Trade creditors

157

301

Taxation and social security

209

925

Other creditors

98,873

105,673

750,579

206,084

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

169,467

1,068,465

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

571,463

841,501

The bank loan is secured by way of a fixed and floating charge over the assets to which it relates.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Revaluation

reserve

£

At 1 April 2024

339,055

Revaluation

19,999

Deferred tax

(6,296

)

Transfer on Sale

13,892

At 31 March 2025

366,650

13.	OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £7,867 (2024 - £19,668)