REGISTERED NUMBER: 12135324 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2024

for

A-Star Properties (NE) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Mcdonald

A Mcdonald

SECRETARY:

REGISTERED OFFICE:

Office 315 Cobalt Business Exchange

Cobalt Park Way

Newcastle Upon Tyne

United Kingdom

NE28 9NZ

REGISTERED NUMBER:

12135324 (England and Wales)

ACCOUNTANTS:

Younique Accountancy Ltd

Cobalt Business Exchange

Cobalt Park Way

Newcastle upon Tyne

NE28 9NZ

FIXED ASSETS

Investment property

4

423,000

425,000

CURRENT ASSETS

Cash at bank

1,855

275

CREDITORS

Amounts falling due within one year

5

46,055

96,845

NET CURRENT LIABILITIES

(44,200

)

(96,570

)

TOTAL ASSETS LESS CURRENT LIABILITIES

378,800

328,430

CREDITORS

Amounts falling due after more than one year

6

(307,616

)

(243,843

)

PROVISIONS FOR LIABILITIES

(13,524

)

(16,071

)

NET ASSETS

57,660

68,516

CAPITAL AND RESERVES

Called up share capital

2

2

Revaluation reserve

8

117,293

119,293

Retained earnings

(59,635

)

(50,779

)

57,660

68,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 30 April 2026 and were signed on its behalf by:

A Mcdonald - Director

1.	STATUTORY INFORMATION

A-Star Properties (NE) 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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2023

425,000

Revaluations

(2,000

)

At 31 August 2024

423,000

NET BOOK VALUE

At 31 August 2024

423,000

At 31 August 2023

425,000

Fair value at 31 August 2024 is represented by:

£

Valuation in 2022

480,000

Valuation in 2023

(55,000

)

Valuation in 2024

(2,000

)

423,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.8.24

31.8.23

£

£

Cost

305,707

305,707

Investment properties were valued on an open market basis on 27 March 2026 by the director .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

4,248

4,248

Trade creditors

1,511

1,512

Other creditors

40,296

91,085

46,055

96,845

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans

6,736

10,984

Other creditors

300,880

232,859

307,616

243,843

31.8.24

31.8.23

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Debentures more 5yr non-instal

300,880

232,859

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.24

31.8.23

£

£

Debentures

300,880

232,859

8.

RESERVES

Revaluation

reserve

£

At 1 September 2023

119,293

Revaluation reserve transfer

(2,000

)

At 31 August 2024

117,293