REGISTERED NUMBER: 07122154 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Bright Star Properties Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

5

875,000

900,000

CURRENT ASSETS

Debtors

6

2,403

2,946

Cash at bank

321,306

297,423

323,709

300,369

CREDITORS

Amounts falling due within one year

7

90,651

59,210

NET CURRENT ASSETS

233,058

241,159

TOTAL ASSETS LESS CURRENT LIABILITIES

1,108,058

1,141,159

PROVISIONS FOR LIABILITIES

96,073

102,323

NET ASSETS

1,011,985

1,038,836

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

8

400,123

418,873

Retained earnings

8

611,861

619,962

SHAREHOLDERS' FUNDS

1,011,985

1,038,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2026 and were signed by:

Miss P Kang - Director

1.	STATUTORY INFORMATION

Bright Star Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07122154

Registered office:

Aston House

Cornwall Avenue

London

N3 1LF

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rental income from investment properties. Revenue from rentals is recognised in the period to which the rentals received relates to.

Investment property

Investment property, which are properties held to earn rental income and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, they are measured at fair value at the reporting end date. The gain or loss on revaluation is recognised in the profit and loss account.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

900,000

Revaluations

(25,000

)

At 31 January 2026

875,000

NET BOOK VALUE

At 31 January 2026

875,000

At 31 January 2025

900,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2018

201,196

Valuation in 2020

120,000

Valuation in 2022

60,000

Valuation in 2025

140,000

Valuation in 2026

(25,000

)

Cost

378,804

875,000

Investment property comprises residential properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 January 2026 by the director. The valuation was made on an open market value basis by reference to market evidence of transactions for similar properties.

The revaluation gain or loss is taken to profit and loss account.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

-

350

Other debtors

2,403

2,596

2,403

2,946

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

6,488

1,555

Other creditors

84,163

57,655

90,651

59,210

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 February 2025

619,962

418,873

1,038,835

Profit for the year

8,149

-

8,149

Dividends

(35,000

)

-

(35,000

)

Transfer from profit and loss

account

18,750

(18,750

)

-

At 31 January 2026

611,861

400,123

1,011,984

The Fair Value Reserve is the cumulative fair value changes of the company's investment property, net of deferred tax.

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 (2025 - £30,000) were paid to the director .

Included in creditors is an amount of £76,689 (2025: £53,606) due to Miss P Kang. There are no terms as to interest or repayment.