REGISTERED NUMBER: 11059733 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

STARFIELD ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Rabbi M Steren

E Feldman

REGISTERED OFFICE:

115 Craven Park Road

London

N15 6BL

REGISTERED NUMBER:

11059733 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

1,003

1,179

Investment property

5

1,520,000

1,520,000

1,521,003

1,521,179

CURRENT ASSETS

Debtors

6

408,352

141,752

Cash at bank

4,649

5,152

413,001

146,904

CREDITORS

Amounts falling due within one year

7

(193,288

)

(163,242

)

NET CURRENT ASSETS/(LIABILITIES)

219,713

(16,338

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,740,716

1,504,841

CREDITORS

Amounts falling due after more than one year

8

(926,930

)

(612,076

)

NET ASSETS

813,786

892,765

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

950,300

950,300

Retained earnings

11

(136,614

)

(57,635

)

SHAREHOLDERS' FUNDS

813,786

892,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 20 November 2025 and were signed on its behalf by:

Rabbi M Steren - Director

1.	STATUTORY INFORMATION

Starfield Estates Ltd 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.

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 as modified by the revaluation of certain assets.

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

-

15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2023

and 30 November 2024

2,827

DEPRECIATION

At 1 December 2023

1,648

Charge for year

176

At 30 November 2024

1,824

NET BOOK VALUE

At 30 November 2024

1,003

At 30 November 2023

1,179

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

and 30 November 2024

1,520,000

NET BOOK VALUE

At 30 November 2024

1,520,000

At 30 November 2023

1,520,000

Fair value at 30 November 2024 is represented by:

£

Valuation in 2023

950,300

Cost

569,700

1,520,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Other debtors

408,352

141,752

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Tax

3,263

3,263

Other creditors

181,888

152,682

Directors' current accounts

1,817

1,817

Accrued expenses

6,320

5,480

193,288

163,242

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans more 5 yrs non-inst

896,375

575,965

Other loans more 5yrs instal

30,555

36,111

926,930

612,076

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

896,375

575,965

Repayable by instalments

Other loans more 5yrs instal

30,555

36,111

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.24

30.11.23

£

£

Bank loans

896,375

575,965

Other loans

30,555

36,111

926,930

612,076

1.Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

2. Under the bank loan, £30,555 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 December 2023

(57,635

)

950,300

892,665

Deficit for the year

(78,979

)

(78,979

)

At 30 November 2024

(136,614

)

950,300

813,686

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Rabbi M Steren.