STARCLASS LIMITED


Director	SPENCER, Antony Ian


Registered Address	10 Jacobs Well Mews
	London
	W1U 3DY


Registered Number	13754739 (England and Wales)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		49,250,000		45,865,000
			49,250,000		45,865,000
Current assets
Debtors	4	31,714,090		29,393,725
Cash at bank and on hand		101,562		12,557
		31,815,652		29,406,282
Creditors amounts falling due within one year	5	(28,243,659)		(53,048,068)
Net current assets (liabilities)			3,571,993		(23,641,786)
Total assets less current liabilities			52,821,993		22,223,214
Creditors amounts falling due after one year	6		(26,791,242)		-
Net assets			26,030,751		22,223,214
Capital and reserves
Called up share capital			27,643,684		27,643,684
Profit and loss account			(1,612,933)		(5,420,470)
Shareholders' funds			26,030,751		22,223,214

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 14 July 2026, and are signed on its behalf by:

SPENCER, Antony Ian
Director
Registered Company No. 13754739

STARCLASS LIMITED

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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 policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	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.

Deferred tax

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.

	Investment property
	The investment properties are accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Investment property
	In the opinion of the director, the investment properties are stated at fair value as at the balance sheet date. On a historical note basis the properties would have been included at an original cost of £52,269,881.


		£
	Fair value at 01 December 24	45,865,000
	Additions	326,135
	Fair value adjustments	3,058,865
	At 30 November 25	49,250,000

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	203,723	3,512
Other debtors	30,901,863	29,230,889
Prepayments and accrued income	608,504	159,324
Total	31,714,090	29,393,725

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	34,414	114,875
Bank borrowings and overdrafts	-	23,882,035
Taxation and social security	133,000	153,578
Other creditors	27,490,687	28,573,964
Accrued liabilities and deferred income	585,558	323,616
Total	28,243,659	53,048,068

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	26,791,242	-
Total	26,791,242	-

7.	Secured creditors
	The bank loans are secured by a fixed and floating charge over the investment properties.