Registration number: 05209236

Star Lettings and Property Management Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Star Lettings and Property Management Limited

Company Information

Directors

Mrs C Khadaroo Mr S Khadaroo

Company secretary

Mrs C Khadaroo

Registered office

6 Northernhay Place Exeter Devon EX4 3QJ

Bankers

HSBC

Accountants

Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

Star Lettings and Property Management Limited

(Registration number: 05209236)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	40,797	25,244
Current assets
Debtors	6	124,384	45,990
Cash at bank and in hand		262,703	310,638
		387,087	356,628
Creditors: Amounts falling due within one year	7	(150,596)	(154,804)
Net current assets		236,491	201,824
Total assets less current liabilities		277,288	227,068
Creditors: Amounts falling due after more than one year	7	(23,488)	-
Provisions for liabilities		(10,200)	(6,312)
Net assets		243,600	220,756
Capital and reserves
Called up share capital		100	100
Retained earnings		243,500	220,656
Shareholders' funds		243,600	220,756

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Star Lettings and Property Management Limited

(Registration number: 05209236)
Balance Sheet as at 31 March 2026

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 October 2026 and signed on its behalf by:
 

......................................... Mrs C Khadaroo Company secretary and director

Star Lettings and Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Northernhay Place
Exeter
Devon
EX4 3QJ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Star Lettings and Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold	10% straight line basis
Fixtures and fittings	15% reducing balance basis
Office equipment	33.3% reducing balance basis
Motor vehicles	25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Star Lettings and Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Star Lettings and Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2025 - 16).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	105,000	105,000
At 31 March 2026	105,000	105,000
Amortisation
At 1 April 2025	105,000	105,000
At 31 March 2026	105,000	105,000
Carrying amount
At 31 March 2026	-	-
At 31 March 2025	-	-

Star Lettings and Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	11,501	64,765	24,350	100,616
Additions	-	2,077	23,139	25,216
At 31 March 2026	11,501	66,842	47,489	125,832
Depreciation
At 1 April 2025	10,301	54,416	10,655	75,372
Charge for the year	400	3,429	5,834	9,663
At 31 March 2026	10,701	57,845	16,489	85,035
Carrying amount
At 31 March 2026	800	8,997	31,000	40,797
At 31 March 2025	1,200	10,349	13,695	25,244

Included within the net book value of land and buildings above is £800 (2025 - £1,200) in respect of short leasehold land and buildings.
 

6

Debtors

	2026 £	2025 £
Trade debtors	605	(215)
Other debtors	108,569	34,713
Prepayments and accrued income	15,210	11,492
Total current trade and other debtors	124,384	45,990

Star Lettings and Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Creditors

	2026 £	2025 £
Due within one year
Loans and borrowings	2,523	-
Trade creditors	14,411	8,929
Taxation and social security	116,683	143,486
Other creditors	2,798	2,389
Accrued expenses	14,181	-
	150,596	154,804

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £2,523 (2025 - £Nil).

	2026 £	2025 £
Due after one year
Loans and borrowings	23,488	-

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £23,488 (2025 - £Nil).

8	Related party transactions

Transactions with directors

2026	At 1 April 2025 £	Advances to director £	Repayments by director £	At 31 March 2026 £
Interest free loan repayable on demand	12,531	96,964	(71,998)	37,498
Interest free loan repayable on demand	12,531	96,964	(71,998)	37,498

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Interest free loan repayable on demand	-	57,874	(45,342)	12,531
Interest free loan repayable on demand	-	57,874	(45,342)	12,531

Star Lettings and Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

9	Parent and ultimate parent undertaking

The company's immediate parent is Star Holdings (Exeter) Limited, incorporated in England and Wales.