REGISTERED NUMBER: 04137939 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Starfinish Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C E Strachan

E J Strachan

REGISTERED OFFICE:

Kings Court, Kingsfield Road

Barwell

Leicester

Leicestershire

LE9 8NZ

REGISTERED NUMBER:

04137939 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

42,088

46,947

Investment property

5

1,345,000

1,345,000

1,387,088

1,391,947

CURRENT ASSETS

Stocks

777,895

693,177

Debtors

6

45,601

55,006

Cash at bank and in hand

31,259

76,356

854,755

824,539

CREDITORS

Amounts falling due within one year

7

(1,112,153

)

(1,087,460

)

NET CURRENT LIABILITIES

(257,398

)

(262,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,129,690

1,129,026

CREDITORS

Amounts falling due after more than one year

8

(142,539

)

(163,281

)

PROVISIONS FOR LIABILITIES

(115,302

)

(116,395

)

NET ASSETS

871,849

849,350

CAPITAL AND RESERVES

Called up share capital

3

3

Fair value reserve

622,968

622,968

Retained earnings

248,878

226,379

SHAREHOLDERS' FUNDS

871,849

849,350

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

C E Strachan - Director

1.	STATUTORY INFORMATION

Starfinish 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.

Turnover from sales of property is recognised when the title of the property is transferred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

25% 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.

Stocks

Measured at the lower of cost and estimated selling price less costs to complete and sell on a first in first out basis 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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

At the end of the year the company has net current liabilities of £266,953 (2024: £262,921). It is dependent on the continued support of the directors for the continuance of trade. The directors intends to continue with such support. On that basis the directors considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of that support.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

and 31 March 2025

29,563

38,409

31,371

DEPRECIATION

At 1 April 2024

3,333

26,489

28,208

Charge for year

591

2,384

475

At 31 March 2025

3,924

28,873

28,683

NET BOOK VALUE

At 31 March 2025

25,639

9,536

2,688

At 31 March 2024

26,230

11,920

3,163

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

48,765

8,362

156,470

DEPRECIATION

At 1 April 2024

43,898

7,595

109,523

Charge for year

1,217

192

4,859

At 31 March 2025

45,115

7,787

114,382

NET BOOK VALUE

At 31 March 2025

3,650

575

42,088

At 31 March 2024

4,867

767

46,947

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,345,000

NET BOOK VALUE

At 31 March 2025

1,345,000

At 31 March 2024

1,345,000

The investment properties have all been valued by the director on an open market basis as at 31 March 2024.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

29,833

24,006

Other debtors

15,768

31,000

45,601

55,006

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

20,839

20,145

Trade creditors

2,954

5,261

Taxation and social security

16,939

19,363

Other creditors

1,071,421

1,042,691

1,112,153

1,087,460

Other creditors includes accruals and deferred income of £9,350 (2024: £29,150).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

142,539

163,281

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

51,518

75,380

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank Loans

134,684

149,176

Bank loans are secured by way of fixed and floating charges over the company's assets.