ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 06172311

NORTHSTAR CONSULTANCY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

NORTHSTAR CONSULTANCY LIMITED

COMPANY INFORMATION

Directors	Ms C L Brown (resigned 3 September 2025)
	Ms G A Lyon (resigned 17 October 2024)
	Mr A J Pike (appointed 3 September 2025)
	Mr M J McCole (appointed 3 September 2025)


Registered number	06172311


Registered office	78 York Street
	London
	England
	W1H 1DP


Accountants	EQ Accountants Limited
	Chartered Accountants
	Pentland House
	Saltire Centre
	Glenrothes
	Fife
	KY6 2AH

NORTHSTAR CONSULTANCY LIMITED

REGISTERED NUMBER: 06172311

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£

Fixed assets
Investments	4		55		55
			55		55
Current assets
Debtors	5	861,850		1,259,347
Cash at bank and in hand		358,091		121,083
		1,219,941		1,380,430
Creditors: amounts falling due within one year	6	(331,320)		(616,497)
Net current assets			888,621		763,933
Total assets less current liabilities			888,676		763,988

Net assets			888,676		763,988

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		888,576	763,888
		888,676	763,988

Page 1

NORTHSTAR CONSULTANCY LIMITED

REGISTERED NUMBER: 06172311

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr A J Pike	Mr M J McCole
Director	Director

Date: 22 December 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

NORTHSTAR CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Northstar Consultancy Limited is a private company, limited by shares and incorporated in England, registration number 06172311. The registered office is 78 York Street, London, W1H 1DP.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in preparation of these financial statements are set out below.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Consolidation

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

NORTHSTAR CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 4

NORTHSTAR CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 8 (2024 - 10).

4.	Fixed asset investments

		Shares in group undertaking
		£
	Cost or valuation
	At 1 April 2024	55
	At 31 March 2025	55

The company owns 100% of an Australian company, North Star Railway Operations Consultancy Pty Limited.

Page 5

NORTHSTAR CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£

Trade debtors	623,443	651,635
Amounts owed by group undertakings	132,474	536,738
Other debtors	101,822	49,403
Prepayments and accrued income	4,111	11,523
Tax recoverable	-	10,048
	861,850	1,259,347

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	229,554	226,273
Other taxation and social security	84,342	43,227
Other creditors	8,621	338,284
Accruals and deferred income	8,803	8,713
	331,320	616,497

7.	Provisions



	At 31 March 2025

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

Page 6

NORTHSTAR CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Not later than 1 year	8,600	53,380
Later than 1 year and not later than 5 years	-	7,818
	8,600	61,198

10.

Related party transactions

The director Ms Caroline Brown controls a business in the United Arab Emirates. At the balance sheet date, included within creditors due within one year is a balance of £Nil (2024 - £319,817 ). The loan does not incur interest.
Included within debtors due within one year is a loan balance due from North Star Railway Operations Consultancy Pty Limited, a company 100% owned by Northstar Consultancy Limited, of £132,474 (2024 - £536,738). The loan does not incur interest.
The director Ms Geraldene Lyon controls a Limited Liability Company in the United Arab Emirates - Polaris North Star Consultancy L.L.C. At the balance sheet date, included within debtors due within one year is a loan balance due from Polaris North Star Consultancy L.L.C of £97,822 (2024 - £42,403). The loan does not incur any interest.
In June 2025, the shares in Polaris North Star Consultancy L.L.C were purchased by the company and from that date, became a group company.

Page 7