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Company No: 13878884 (England and Wales)

# STARS CORPORATE LIMITED

### Unaudited Financial Statements
For the financial period from 01 July 2024 to 29 June 2025
Pages for filing with the registrar

STARS CORPORATE LIMITED

## Unaudited Financial Statements

For the financial period from 01 July 2024 to 29 June 2025

Contents

STARS CORPORATE LIMITED

## BALANCE SHEET

As at 29 June 2025
STARS CORPORATE LIMITED

## BALANCE SHEET (continued)

As at 29 June 2025

| Note | 29.06.2025 |  | 30.06.2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 16,217 |  | 19,158
Tangible assets | 4 | 50,723 |  | 68,486
|  | 66,940 |  | 87,644
Current assets |  |  |  |
Debtors | 5 | 45,912 |  | 46,718
Cash at bank and in hand |  | 38,479 |  | 8,036
|  | 84,391 |  | 54,754
Creditors: amounts falling due within one year | 6 | ( 210,486) |  | ( 140,589)
Net current liabilities |  | (126,095) |  | (85,835)
Total assets less current liabilities |  | (59,155) |  | 1,809
Net (liabilities)/assets |  | ( 59,155) |  | 1,809
Capital and reserves |  |  |  |
Called-up share capital | 7 | 50 |  | 50
Capital redemption reserve |  | 50 |  | 50
Profit and loss account |  | ( 59,255 ) |  | 1,709
Total shareholder's (deficit)/funds |  | ( 59,155) |  | 1,809

For the financial period ending 29 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Stars Corporate Limited (registered number: 13878884) were approved and authorised for issue by the Director on 11 May 2026. They were signed on its behalf by:

S Bayston Director |

STARS CORPORATE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2024 to 29 June 2025
STARS CORPORATE LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2024 to 29 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Stars Corporate Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Offices 18 & 19 Drewitt House, 865 Ringwood Road, Bournemouth, BH11 8LW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Reporting period length

The accounting period has been shortened to 1st July 2024 to 29th June 2025.

##### Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

##### Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line
Website costs | 3 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance or straight line basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Vehicles | 25 % reducing balance
Office equipment | 3 years straight line
Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Government grants

Government grants are recognised based on the performance model.
A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

The director acknowledges dividends were declared and paid in contravention of section 830 of the Companies Act 2006, however at the time that the dividend was paid the director was not aware that there were insufficient profits available for distribution.
The director acknowledges that no further distributions can be made until there are sufficient profits available for that purpose

#### 2. Employees

| Period from 01.07.2024 to 29.06.2025 |  | Year ended 30.06.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the period, including the director | 7 |  | 4

#### 3. Intangible assets

| Goodwill |  | Website costs |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 July 2024 | 24,000 |  | 1,668 |  | 25,668
At 29 June 2025 | 24,000 |  | 1,668 |  | 25,668
Accumulated amortisation |  |  |  |  |
At 01 July 2024 | 5,800 |  | 710 |  | 6,510
Charge for the financial period | 2,400 |  | 541 |  | 2,941
At 29 June 2025 | 8,200 |  | 1,251 |  | 9,451
Net book value |  |  |  |  |
At 29 June 2025 | 15,800 |  | 417 |  | 16,217
At 30 June 2024 | 18,200 |  | 958 |  | 19,158

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 July 2024 | 51,729 |  | 51,807 |  | 242 |  | 2,837 |  | 106,615
At 29 June 2025 | 51,729 |  | 51,807 |  | 242 |  | 2,837 |  | 106,615
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 July 2024 | 20,905 |  | 15,124 |  | 115 |  | 1,985 |  | 38,129
Charge for the financial period | 7,706 |  | 9,171 |  | 80 |  | 806 |  | 17,763
At 29 June 2025 | 28,611 |  | 24,295 |  | 195 |  | 2,791 |  | 55,892
Net book value |  |  |  |  |  |  |  |  |
At 29 June 2025 | 23,118 |  | 27,512 |  | 47 |  | 46 |  | 50,723
At 30 June 2024 | 30,824 |  | 36,683 |  | 127 |  | 852 |  | 68,486

#### 5. Debtors

| 29.06.2025 |  | 30.06.2024
| £ |  | £
Trade debtors | 10,370 |  | 5,750
Other debtors | 35,542 |  | 40,968
| 45,912 |  | 46,718

#### 6. Creditors: amounts falling due within one year

| 29.06.2025 |  | 30.06.2024
| £ |  | £
Bank loans | 33,697 |  | 7,398
Taxation and social security | 39,750 |  | 31,532
Other creditors | 137,039 |  | 101,659
| 210,486 |  | 140,589

#### 7. Called-up share capital

| 29.06.2025 |  | 30.06.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
50 Ordinary shares of £ 1.00 each | 50 |  | 50

#### 8. Related party transactions

Transactions with the entity's director

| 29.06.2025 |  | 30.06.2024
| £ |  | £
Key management | 30,110 |  | 35,536

Interest has been charged on the balance at HMRC's rate of 2.25%