Starborough Limited Filleted accounts for Companies House (small and micro)

STARBOROUGH LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03868449

Starborough Limited

Filleted Unaudited Financial Statements

31 October 2019

Starborough Limited

Statement of Financial Position

31 October 2019

	2019		2018
Note	£	£	£

Current assets

Debtors	4	2,154,369	1,415,743
Cash at bank and in hand		33	81,939
		------------	------------
		2,154,402	1,497,682

Creditors: amounts falling due within one year	5	951,137		172,938
		------------		------------
Net current assets			1,203,265	1,324,744
			------------	------------
Total assets less current liabilities			1,203,265	1,324,744
			------------	------------
Net assets			1,203,265	1,324,744
			------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,203,165	1,324,644
	------------	------------
Shareholders funds	1,203,265	1,324,744
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 8 January 2021 , and are signed on behalf of the board by:

Mr Joseph Feldman
Director

Company registration number: 03868449

Starborough Limited

Notes to the Financial Statements

Year ended 31 October 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 ODH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover of the company consists solely of rental income.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Debtors

	2019	2018
	£	£
Amounts owed by related undertakings	2,154,369	1,415,743
	------------	------------

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Amounts owed to related undertakings	906,690	42,125
Corporation tax	37,621	38,969
Other creditors	6,826	91,844
	---------	---------
	951,137	172,938
	---------	---------

6. Related party transactions

The company was under the control of Mr Joseph Feldman , throughout the current year. Mr Feldman is the managing director and majority shareholder.