Starfish Properties Limited Filleted accounts for Companies House (small and micro)
Starfish Properties Limited Filleted accounts for Companies House (small and micro)
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
04730140
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FOR THE YEAR ENDED |
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REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
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YEAR ENDED 31 OCTOBER 2020
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2020 |
2019 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Debtors |
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Cash at bank and in hand |
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------------ |
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Creditors: amounts falling due within one year |
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Net current assets |
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-------------- |
-------------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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Net assets |
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-------------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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------------ |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
4 June 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
04730140
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 OCTOBER 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
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Equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2019:
1
).
5.
Tangible assets
£ |
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Cost |
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At 1 November 2019 and 31 October 2020 |
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Depreciation |
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At 1 November 2019 |
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Charge for the year |
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At 31 October 2020 |
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Carrying amount |
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At 31 October 2020 |
657,321 |
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At 31 October 2019 |
657,843 |
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6.
Investments
£ |
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Cost |
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At 1 November 2019 and 31 October 2020 |
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Impairment |
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At 1 November 2019 and 31 October 2020 |
– |
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Carrying amount |
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At 31 October 2020 |
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At 31 October 2019 |
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7.
Creditors:
amounts falling due after more than one year
The following liabilities disclosed under creditors falling due after more than one year are secured by a legal charge on certain assets of the company:
2020 |
2019 |
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£ |
£ |
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Bank loans |
197,295 |
184,515 |
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8.
Related party transactions
The company was under the control of M Artemis, by way of his directorship and shareholding. Amounts due to him are shown in note 11. Amounts owed to related companies are shown below:
2020 | 2019 | ||
£ | £ | ||
MGA Developments Limited | – | (208,000) | |
Spondon Estates Limited | – | 170,000 | |
Starfish (Coventry) Ltd | 116,575 | – | |