Constar Properties Ltd - Filleted accounts

Registered number

NI640895

Constar Properties Ltd

Unaudited Filleted Accounts

for the year ended

30 June 2025

Constar Properties Ltd
Registered number:		NI640895
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		515,733			518,907

Current assets
Debtors	4	62,202			33,352
Cash at bank and in hand		12,838			25,876
		75,040			59,228

Creditors: amounts falling due within one year	5	(221,909)			(239,136)

Net current liabilities			(146,869)			(179,908)

Total assets less current liabilities			368,864			338,999

Creditors: amounts falling due after more than one year	6		(262,972)			(284,955)



Net assets			105,892			54,044

Capital and reserves
Called up share capital			100			100
Profit and loss account			105,792			53,944

Shareholders' funds			105,892			54,044

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ms Ruth Chocron
Director
Approved by the board on 25 June 2026

Constar Properties Ltd
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures and fittings			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 July 2024			506,209		36,882		543,091
	At 30 June 2025			506,209		36,882		543,091

	Depreciation
	At 1 July 2024			-		24,184		24,184
	Charge for the year			-		3,174		3,174
	At 30 June 2025			-		27,358		27,358

	Net book value
	At 30 June 2025			506,209		9,524		515,733
	At 30 June 2024			506,209		12,698		518,907


4	Debtors					2025		2024
£							£

	Trade debtors					-		620
	Amounts due from North Endeavor Ltd					54,510		25,040
	Other debtors					7,692		7,692
						62,202		33,352


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					50,265		51,031
	Loan from investor					141,625		171,675
	Trade creditors					1,956		2,945
	Director's loan account					(401)		(10,186)
	Taxation and social security costs					23,594		12,881
	Other creditors					2,362		8,447
	Accruals and deferred income					2,508		2,343
						221,909		239,136


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					262,972		284,955


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					283,154		294,622

	The bank loan is secured against the property.


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mrs Ruth Chocron
	Loan to director	10,186		33,829		(38,615)		5,400

		10,186		33,829		(38,615)		5,400


9	Related party transactions

	Ms Chocron, the controlling party owes the company £400 at 30 June 2026 (2025: £10,186).


10	Controlling party

	Mrs Chocron is the controlling party by virtue of her interest in the equity of the company.


11	Other information

	Constar Properties Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	147 Templeton Avenue
	Belfast
	BT5 4FQ