REGISTERED NUMBER: 01922216 (England and Wales)

STARLIGHT TEXTILES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Sharma

Mrs L Sharma

Mr D Sharma

SECRETARY:

Mrs L Sharma

REGISTERED OFFICE:

Shoreditch Works, Studio 11

2-20 Scrutton Street

Hackney

London

EC2A 4RJ

REGISTERED NUMBER:

01922216 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

120

164

Investment property

5

4,177,759

3,706,349

4,177,879

3,706,513

CURRENT ASSETS

Debtors

6

90,491

132,985

Cash at bank

158,688

101,866

249,179

234,851

CREDITORS

Amounts falling due within one year

7

2,263,693

1,176,423

NET CURRENT LIABILITIES

(2,014,514

)

(941,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,163,365

2,764,941

CREDITORS

Amounts falling due after more than one year

8

(416,137

)

(430,798

)

PROVISIONS FOR LIABILITIES

10

(120,136

)

(91,304

)

NET ASSETS

1,627,092

2,242,839

CAPITAL AND RESERVES

Called up share capital

11

100

100

Fair value reserve

12

748,088

748,088

Retained earnings

12

878,904

1,494,651

SHAREHOLDERS' FUNDS

1,627,092

2,242,839

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

Mrs L Sharma - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represent gross rent receivable for the year. Turnover is recognise when rent become due under the lease agreement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

14,568

5,706

20,274

DEPRECIATION

At 1 April 2024

14,496

5,614

20,110

Charge for year

14

30

44

At 31 March 2025

14,510

5,644

20,154

NET BOOK VALUE

At 31 March 2025

58

62

120

At 31 March 2024

72

92

164

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,706,349

Additions

471,410

At 31 March 2025

4,177,759

NET BOOK VALUE

At 31 March 2025

4,177,759

At 31 March 2024

3,706,349

Fair value at 31 March 2025 is represented by:

£

Valuation in 2005

51,142

Valuation in 2006

77,976

Valuation in 2007

64,000

Valuation in 2008

(37,000

)

Valuation in 2014

683,274

Cost

3,338,367

4,177,759

Investment properties have not been revalued during the year, because in the directors opinion the fair value of the properties at the balance sheet date is not different from that shown above.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

90,491

132,985

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

854,588

905,701

Trade Creditors

4,680

15,457

Tax

25,617

43,900

VAT

26,502

22,783

Amounts owed to related company

1,292,976

183,159

Directors' loan accounts

413

223

Deferred income

53,717

-

Accrued expenses

5,200

5,200

2,263,693

1,176,423

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

13,121

8,177

Bank loans - 2-5 years

399,178

418,783

Related company

3,838

3,838

416,137

430,798

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

1,266,887

1,332,661

The bank loans and overdrafts are secured by first legal charges over the company's assets and personal guarantees and indemnities given by the directors.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

120,136

91,304

Deferred

tax

£

Balance at 1 April 2024

91,304

Provided during year

28,832

Balance at 31 March 2025

120,136

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

1,494,651

748,088

2,242,739

Profit for the year

50,253

50,253

Dividends

(666,000

)

(666,000

)

At 31 March 2025

878,904

748,088

1,626,992

13.	CONTROLLING PARTY