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Registered Number: 01340019
England and Wales

 

 

 

FIRSTARS LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2025

End date: 31 December 2025

Firstars Limited
Contents Page
For the year ended 31 December 2025
Director A Copeland
Registered Number 01340019
Registered Office Unit 8 (GF) Magellan Terrace
Gatwick Road
Gatwick
RH10 9PJ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Firstars Limited for the year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Firstars Limited for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Firstars Limited , as a body, in accordance with the terms of our engagement letter dated 27 March 2026. Our work has been undertaken solely to prepare for your approval the accounts of Firstars Limited and state those matters that we have agreed to state to the Board of Directors of Firstars Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Firstars Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Firstars Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Firstars Limited . You consider that Firstars Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Firstars Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts


Marcus Gooch
Kimber William & Co Limited
Unit 8 (GF) Magellan Terrace
Gatwick Road
Gatwick
RH10 9PJ
06 May 2026
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 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 1,052,609    1,052,609 
1,052,609    1,052,609 
Current assets      
Debtors 4 13,068    18,620 
Cash at bank and in hand 1,781,904    1,725,362 
1,794,972    1,743,982 
Creditors: amount falling due within one year 5 (2,380,710)   (2,460,208)
Net current assets (585,738)   (716,226)
 
Total assets less current liabilities 466,871    336,383 
Net assets 466,871    336,383 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 466,771    336,283 
Shareholders' funds 466,871    336,383 
 


For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 06 May 2026 and were signed by:


-------------------------------
A Copeland
Director
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General Information
Firstars Limited is a private company, limited by shares, registered in England and Wales, registration number 01340019, registration address Unit 8 (GF) Magellan Terrace, Gatwick Road, Gatwick, RH10 9PJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The financial statements have been prepared on the going concern basis. The directors have reviewed the companys financial position, including its cash flow forecasts, and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is the amount of income tax payable in respect of the taxable profit for the period, using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred taxation
eferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax liabilities are recognised for all taxable timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.  Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 4 years Straight Line
Motor Vehicles 3 - 7 years Straight Line
Investment properties
Investment property comprises land and buildings held to earn rentals and/or for capital appreciation. Investment property is measured initially at cost and subsequently remeasured to its fair value at each reporting date. Changes in fair value are recognised in profit or loss for the period in which they arise. No depreciation is charged in respect of investment property.
2.

Average number of employees

Average number of employees during the year was 0 (2024 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Investment properties   Total
  £   £   £   £
At 01 January 2025 19,020    49,304    1,052,609    1,120,933 
Additions -    -    -    - 
Disposals -    -    -    - 
At 31 December 2025 19,020    49,304    1,052,609    1,120,933 
Depreciation
At 01 January 2025 19,020    49,304    -    68,324 
Charge for year -    -    -    - 
On disposals -    -    -    - 
At 31 December 2025 19,020    49,304    -    68,324 
Net book values
Closing balance as at 31 December 2025 -    -    1,052,609    1,052,609 
Opening balance as at 01 January 2025 -    -    1,052,609    1,052,609 


4.

Debtors: amounts falling due within one year

2025
£		   2024
£
Trade Debtors 13,068    0 
Other Debtors 0    18,620 
13,068    18,620 

5.

Creditors: amount falling due within one year

2025
£		   2024
£
Corporation Tax 82,984    139,916 
Accrued Expenses 82,886    155,784 
Other Creditors 2,147,434    2,104,879 
VAT 67,406    59,629 
2,380,710    2,460,208 

6.

Related party transactions

The Company has availed of the exemption under FRS 102 Section 1A in relaiton to the disclosure of transaction with group undertakings.
7.

Ultimate Controlling Party

The company is a subsidiary of Bugle Group Limited, a company incorporated in England, which is the company’s immediate and ultimate parent undertaking. The consolidated financial statements of Bugle Group Limited are available from its registered office at Unit 8 (gf) Magellan Terrace, Gatwick Road, Gatwick, RH10 9PJ.


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