ACCOUNTS - Final Accounts

Registered number: 01579371

ORIONSTAR LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

ORIONSTAR LIMITED

REGISTERED NUMBER: 01579371

BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£


Tangible assets	5		-		-
			-		-
Current assets
Debtors: amounts falling due within one year	6	53,927		256,388
Cash at bank and in hand	7	826,133		795,609
Creditors: amounts falling due within one year	8	(223,707)		(347,347)
Net current assets			656,353		704,650
Total assets less current liabilities			656,353		704,650

Net assets			656,353		704,650

Capital and reserves
Called up share capital	9	100	100
Profit and loss account		656,253	704,550
		656,353	704,650

ORIONSTAR LIMITED

REGISTERED NUMBER: 01579371

BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 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 profit and loss account 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 on 7 July 2026.

J Rendle

Director

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

ORIONSTAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

Orionstar Limited is a private company, limited by shares, registered in England and Wales, registration number 01579371. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of management, administration and utilisation of the films, music, records, songs and books by the late Gary Moore.

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 Financial Reporting Standard 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.

2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 year 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 that relate to borrowings and cash are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in the profit and loss account.

2.3

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.

Turnover from the management, administration and utilisation of the films, music, records, songs and books by the late Gary Moore is recognised when it is probable the company will receive the rights to the consideration due under the contract.

Royalties receivable are recognised in the accounting year by the company per the royalty statement date.

Advances to the company are recognised in the profit and loss account once the obligation to provide the services has been fulfilled.

ORIONSTAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.4

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:

				Fixtures and fittings	-	20%	reducing balance
				Music equipment	-	20%	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.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

ORIONSTAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.10

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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.11

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 3 (2024 - 3).

4.	Dividends
		2025	2024
		£	£

Dividend paid

300,000

237,500

ORIONSTAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

5.	Tangible fixed assets

	Fixtures and fittings	Music equipment	Total
	£	£	£
Cost
At 1 September 2024	19,604	127,880	147,484
At 31 August 2025	19,604	127,880	147,484
Depreciation
At 1 September 2024	19,604	127,880	147,484
At 31 August 2025	19,604	127,880	147,484
Net book value
At 31 August 2025	-	-	-
At 31 August 2024	-	-	-

Debtors

					2025	2024
					£	£


Trade debtors	5,861	142,656
Other debtors	-	42,000
Prepayments and accrued income	48,066	71,732
	53,927	256,388

7.	Cash
		2025	2024
		£	£

	Cash at bank	826,133	795,609

ORIONSTAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

8.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	367
Corporation tax	71,594	140,003
Other taxation and social security	3,161	55,010
Other creditors	6,267	12,901
Accruals and deferred income	142,685	139,066
	223,707	347,347

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

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

10.	Transactions with directors

During the year, dividends of £60,000 (2024 - £47,500) was paid to the director.