| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2025 |
| for |
| JLR Star Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2025 |
| for |
| JLR Star Limited |
| JLR Star Limited (Registered number: 09309297) |
| Contents of the Financial Statements |
| for the year ended 30 November 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 8 |
| JLR Star Limited |
| Company Information |
| for the year ended 30 November 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Suite C |
| 2 North Street |
| Dorking |
| Surrey |
| RH4 1DN |
| JLR Star Limited (Registered number: 09309297) |
| Balance Sheet |
| 30 November 2025 |
| 30.11.25 | 30.11.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| 9 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| JLR Star Limited (Registered number: 09309297) |
| Notes to the Financial Statements |
| for the year ended 30 November 2025 |
| 1. | STATUTORY INFORMATION |
| JLR Star Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The preparation of financial statements in compliance with FRS 102 requires the use of certain |
| critical accounting estimates. It also requires management to exercise judgement in applying the |
| Company's accounting policies. |
| Significant judgements and estimates |
| In preparing the financial statements, management is required to make estimates and assumptions which |
| affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use |
| of available information and application of judgement are inherent in the formation of estimates, together |
| with past experience and expectations of future events that are believed to be reasonable under the |
| circumstances. Actual results in the future could differ from such estimates. |
| The directors consider the following areas to involve considerable degree of estimation uncertainty: |
| Investment properties |
| The Company’s investment properties are measured at fair value. The valuation was carried out by the |
| directors. The directors have used observable market prices, which can fluctuate upwards as well as |
| downwards and have been adjusted, as necessary, for any difference in the condition of the asset. |
| Investments - unquoted and quoted |
| The Company's unquoted investments are measured at cost less impairment. The quoted investments |
| are measured at fair value through the Statement of Comprehensive Income. The investments are subject |
| to impairment reviews based on whether current or future events and circumstances suggest that their |
| recoverable amount may be less than their carrying value. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| JLR Star Limited (Registered number: 09309297) |
| Notes to the Financial Statements - continued |
| for the year ended 30 November 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| General information |
| These financial statements are presented in Pounds Sterling (GBP), as that is the currency in which the |
| majority of the Company's transactions are denominated. They comprise the financial statements of the |
| Company for the year ended 30 November 2025 and are presented to the nearest pound. |
| The Company has determined that GBP is its functional currency, as this is the currency of the economic |
| environment in which the Company predominantly operates. |
| The principal activity of the Company during the year was that of a commercial investment company. |
| The Company is a United Kingdom private limited company limited by shares. It is both incorporated and |
| domiciled in England and Wales. The registered office address is 15 Priory Gardens, London, England, N6 5QY. |
| Foreign currency translation |
| Functional and presentation currency |
| The Company's functional and presentational currency is GBP. |
| 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 period 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 resulting from the settlement of transactions and from the |
| translation at period-end exchange rates of monetary assets and liabilities denominated in foreign |
| currencies are recognised in profit or loss except when deferred in other comprehensive income as |
| qualifying cash flow hedges. |
| Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are |
| presented in the Statement of Comprehensive Income within 'finance income or costs'. All other |
| foreign exchange gains and losses are presented in profit or loss within 'other operating income'. |
| Valuation of investments |
| Investments in unlisted company shares, whose market value can be reliably determined, are |
| remeasured to market value at each balance sheet date. Gains and losses on re-measurement are |
| recognised in the Statement of Comprehensive Income for the period. Where market value cannot |
| be reliably determined, such investments are stated at historic cost less impairment. |
| Investments in listed company shares are remeasured to market value at each Statement of |
| Financial Position date. Gains and losses on re-measurement are recognised in the Statement of |
| Comprehensive Income for the period. |
| JLR Star Limited (Registered number: 09309297) |
| Notes to the Financial Statements - continued |
| for the year ended 30 November 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 December 2024 |
| and 30 November 2025 |
| DEPRECIATION |
| At 1 December 2024 |
| Charge for year |
| At 30 November 2025 |
| NET BOOK VALUE |
| At 30 November 2025 |
| At 30 November 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| 30.11.25 | 30.11.24 |
| £ | £ |
| Other investments not loans |
| Other loans |
| Additional information is as follows: |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 December 2024 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| Impairments | ( |
) |
| At 30 November 2025 |
| NET BOOK VALUE |
| At 30 November 2025 |
| At 30 November 2024 |
| JLR Star Limited (Registered number: 09309297) |
| Notes to the Financial Statements - continued |
| for the year ended 30 November 2025 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Cost or valuation at 30 November 2025 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2025 | 13,915,298 |
| Other |
| loans |
| £ |
| At 1 December 2024 |
| New in year |
| Repayment in year | ( |
) |
| At 30 November 2025 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 December 2024 |
| Impairments | (650,000 | ) |
| At 30 November 2025 |
| NET BOOK VALUE |
| At 30 November 2025 |
| At 30 November 2024 |
| Fair value at 30 November 2025 is represented by: |
| £ |
| Valuation in 2025 | 1,500,000 |
| The investment property was disposed on in December 2025. The property has been revalued to the sale value realised post year end. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.25 | 30.11.24 |
| £ | £ |
| Other debtors |
| Included in Other Debtors is the amount of £2,629,964 (2024: £2,606,791) owed by JLR Sun SCI, a company owned equally by S.D Patel, Y Theis and JLR Star Limited and is therefore a related party. |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.25 | 30.11.24 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| JLR Star Limited (Registered number: 09309297) |
| Notes to the Financial Statements - continued |
| for the year ended 30 November 2025 |
| 9. | RECONCILIATION OF MOVEMENTS IN RESERVES |
| 30.11.25 | 30.11.24 |
| £ | £ |
| Loss for the financial year | ( |
) | ( |
) |
| Dividends | ( |
) |
| (848,006 | ) | (713,930 | ) |
| Reserves brought forward | - | 19,327,114 |
| Net (reduction)/addition to reserves | (848,006 | ) | 18,613,184 |
| Opening reserves | 18,613,184 | - |
| Closing reserves | 17,765,178 | 18,613,184 |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| JLR Star Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JLR Star Limited for the year ended 30 November 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of JLR Star Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JLR Star Limited and state those matters that we have agreed to state to the Board of Directors of JLR Star Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JLR Star Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that JLR Star Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of JLR Star Limited. You consider that JLR Star 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 financial statements of JLR Star 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 financial statements. |
| Suite C |
| 2 North Street |
| Dorking |
| Surrey |
| RH4 1DN |