REGISTERED NUMBER: 05873988 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

NEWSTAR GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I Bargit

REGISTERED OFFICE:

Caxton House

Caxton Road

Fulwood

Preston

PR2 9ZB

REGISTERED NUMBER:

05873988 (England and Wales)

AUDITORS:

Whitehead & Howarth

Statutory Auditors

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

FIXED ASSETS

Intangible assets

4

56,250

75,065

Tangible assets

5

101,495

126,624

157,745

201,689

CURRENT ASSETS

Debtors

6

1,117,767

1,586,516

Investments

7

187,702

191,887

Cash at bank

682,065

484,209

1,987,534

2,262,612

CREDITORS

Amounts falling due within one year

8

827,407

175,187

NET CURRENT ASSETS

1,160,127

2,087,425

TOTAL ASSETS LESS CURRENT LIABILITIES

1,317,872

2,289,114

CAPITAL AND RESERVES

Called up share capital

2

2

Share premium

641,000

641,000

Capital redemption reserve

389,000

389,000

Retained earnings

287,870

1,259,112

1,317,872

2,289,114

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 director and authorised for issue on 22 December 2025 and were signed by:

I Bargit - Director

1.	STATUTORY INFORMATION

Newstar Group 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.

Significant judgements and estimates

The preparation of the financial statements requires the use of certain judgements, estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Changes in accounting estimates may be necessary if there are changes in the circumstances on which the estimate was based or as a result of new information or more experience.

Turnover

Turnover is stated net of trade discounts, volume rebates, VAT and similar taxes and derives from the provision of goods and services falling within the company's ordinary activities. Turnover on sale of goods is recognised when the company has transferred the significant risks and rewards of ownership the goods, which usually takes place when the goods are physically delivered to the buyer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

In the parent company financial statements, investments in subsidiaries are measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment are recognised immediately.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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.

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

The company made a loss of £971,242 (2024 - £313,673) for the year ended 30 March 2025 and had net assets of £1,317,872 (2024 - £2,289,114). At the time of approving the financial statements, the director has reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The directors' forecasts and projections take into account reasonable and possible changes in trading performance. In addition, they have assessed the recoverability of debts which on the basis of the future trading expectations of its fellow group companies support they consider will be recoverable in full. As a result, the directors have a reasonable expectation that the company has adequate resources to repay its debts as they fall due.Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 31 March 2024

and 30 March 2025

187,500

650

188,150

AMORTISATION

At 31 March 2024

112,500

585

113,085

Charge for year

18,750

65

18,815

At 30 March 2025

131,250

650

131,900

NET BOOK VALUE

At 30 March 2025

56,250

-

56,250

At 30 March 2024

75,000

65

75,065

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 March 2024

50,000

158,023

124,689

99,152

431,864

Additions

-

8,713

-

1,332

10,045

At 30 March 2025

50,000

166,736

124,689

100,484

441,909

DEPRECIATION

At 31 March 2024

30,000

128,103

54,551

92,586

305,240

Charge for year

5,000

7,978

17,535

4,661

35,174

At 30 March 2025

35,000

136,081

72,086

97,247

340,414

NET BOOK VALUE

At 30 March 2025

15,000

30,655

52,603

3,237

101,495

At 30 March 2024

20,000

29,920

70,138

6,566

126,624

6.

DEBTORS

30.3.25

30.3.24

£

£

Amounts falling due within one year:

Trade debtors

1,760

6,036

Amounts owed by group undertakings

-

34,589

Other debtors

908,622

1,337,697

VAT

12,618

-

Prepayments

-

13,427

923,000

1,391,749

30.3.25

30.3.24

£

£

Amounts falling due after more than one year:

Deferred tax

194,767

194,767

Aggregate amounts

1,117,767

1,586,516

7.	CURRENT ASSET INVESTMENTS

30.3.25

30.3.24

£

£

Other investment

187,702

191,887

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade creditors

40,009

53,099

Amounts owed to group undertakings

712,796

-

Social security and other taxes

5,095

2,783

VAT

-

18,009

Other creditors

52,439

52,072

Directors' current accounts

17,068

49,224

827,407

175,187

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Croasdale BSc (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Whitehead & Howarth

10.	RELATED PARTY DISCLOSURES

Sales to group companies totalled £nil (2024 - £nil). Amounts due to group companies at the period end totalled £712,796 (2024 - £34,589 due from).

During the year the company paid rent of £114,760 (2024 - £114,760) to an entity under common control.

During the year the company made purchases of £nil (2024 - £nil) to another entity under common control. At the period end, an amount of £908,622 (2024 - £1,337,697) were due from the entity under common control.

During the year the company made charitable donations of £nil (2024 - £nil) to a charity with a common director/trustee).

11.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Newstar Group (UK) Holdings Limited, a company incorporated in the Isle of Man.

Newstar Group (UK) Holdings Limited is exempt from the requirement to prepare group accounts as it is incorporated in the Isle of Man.

The company is considered to be controlled by the director of Newstar Group (UK) Holdings Limited, Mr I Bargit, by virtue of his majority ownership of the issued share capital of Newstar Group (UK) Holdings Limited.