Starview Holdings Ltd - Accounts to registrar (filleted) - small 18.2

Starview Holdings Ltd - Accounts to registrar (filleted) - small 18.2

STARVIEW HOLDINGS LTD - Company Information

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REGISTERED NUMBER: 10550240 (England and Wales)



















STARVIEW HOLDINGS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019






STARVIEW HOLDINGS LTD (REGISTERED NUMBER: 10550240)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


STARVIEW HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: Mr M Goldberg
Mr A Schwartz





REGISTERED OFFICE: 82 Filey Avenue
London
N16 6JJ





REGISTERED NUMBER: 10550240 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS
Page 1
STARVIEW HOLDINGS LTD (REGISTERED NUMBER: 10550240)

BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 - 155,646

CURRENT ASSETS
Cash at bank - 615

CREDITORS
Amounts falling due within one year 6 36,768 66,449
NET CURRENT LIABILITIES (36,768 ) (65,834 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(36,768
)
89,812

CREDITORS
Amounts falling due after more than one
year
7
-
85,000
NET (LIABILITIES)/ASSETS (36,768 ) 4,812

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (36,769 ) 4,811
(36,768 ) 4,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 notes on pages 4 to 5 form part of these financial statements

Page 2
STARVIEW HOLDINGS LTD (REGISTERED NUMBER: 10550240)

BALANCE SHEET - continued
31 DECEMBER 2019


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on
21 October 2020 and were signed on its behalf by:





Mr A Schwartz - Director


The notes on pages 4 to 5 form part of these financial statements

Page 3
STARVIEW HOLDINGS LTD (REGISTERED NUMBER: 10550240)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Starview Holdings Ltd 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. 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 on the historical cost basis, as modified to include
investment properties measured at fair value through profit or loss.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other factors, including expectations of future events that
are believed to be reasonable under the circumstances.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided
in the normal course of business. The turnover of the company is represented by rents and charges
receivable in respect of the company's investment portfolio.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly
attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair
value are recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Page 4
STARVIEW HOLDINGS LTD (REGISTERED NUMBER: 10550240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

3. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate
to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The
directors consider this to be appropriate having regard to the continued provision of financial support
by the company's directors and creditors.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2019 155,646
Disposals (155,646 )
At 31 December 2019 -
NET BOOK VALUE
At 31 December 2019 -
At 31 December 2018 155,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Amounts owed to group undertakings 25,418 57,040
Taxation and social security 1,143 1,143
Other creditors 10,207 8,266
36,768 66,449

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans - 85,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years by
non-instalments
-
85,000

8. PARENT UNDERTAKING

The company is a wholly owned subsidiary of Starview London Limited.

Page 5