AUSTAR GROUP LIMITED


Director	LI, Xinrong


Registered Address	35 Pond Street, London, England
	35 Pond Street
	London
	NW3 2PN


Registered Number	12238670 (England and Wales)

Statement of Financial Position
31 October 2024

	Notes	2024		2023
		£	£	£	£
Current assets
Debtors	4	27,645		3,628,886
Cash at bank and on hand		1,745,749		2,147,677
		1,773,394		5,776,563
Creditors amounts falling due within one year	5	-		(547,670)
Net current assets (liabilities)			1,773,394		5,228,893
Total assets less current liabilities			1,773,394		5,228,893
Accruals and deferred income			-		(1,200)
Net assets			1,773,394		5,227,693
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,773,294		5,227,593
Shareholders' funds			1,773,394		5,227,693

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 31 October 2025, and are signed on its behalf by:

LI, Xinrong
Director
Registered Company No. 12238670

AUSTAR GROUP LIMITED

Notes to the Financial Statements
for the year ended 31 October 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Prior period adjustment
	During the current financial year, the company identified that double taxation relief relating to the prior year had not been recognised in the statutory financial statements filed with Companies House. The error has been corrected by adjusting the closing balance of Corporation Tax payables as at 31 October 2023, and the Corporation Tax charge for the year ended 31 October 2023.

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	27,545	3,628,786
Amounts owed by associates and joint ventures / participating interests	100	100
Total	27,645	3,628,886

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	-	547,670
Total	-	547,670


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.