Starpoint Holdings Limited - Period Ending 2021-12-31

Starpoint Holdings Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Starpoint Holdings Limited

Company Information

Directors

D. G. Harrison S. J. O'Hara P. Barry

Registered office

3-5 College Street Nottingham NG1 5AQ

Auditors

Robert Whowell & Partners Chartered Accountants Westwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Starpoint Holdings Limited

(Registration number: 11109132)
Balance Sheet as at 31 December 2021

	Note	2021 £	2020 £
Fixed assets
Investments	4	1,103	1,103
Current assets
Debtors	5	520,047	511,803
Cash at bank and in hand		66,942	143,142
		586,989	654,945
Creditors: Amounts falling due within one year	6	(4,000)	(61,046)
Net current assets		582,989	593,899
Net assets		584,092	595,002
Capital and reserves
Called up share capital	7	1,053	1,053
Share premium reserve		55,047	55,047
Profit and loss account		527,992	538,902
Shareholders' funds		584,092	595,002

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 July 2022 and signed on its behalf by:
 

......................................... S. J. O'Hara Director

Starpoint Holdings Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

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:
3-5 College Street
Nottingham
NG1 5AQ

These financial statements were authorised for issue by the Board on 1 July 2022.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Disclosure of long or short period

In the comparative period, the company was acquired by the Phenna Topco Group Limited group of companies on 27 November 2020. Following the acquisition the accounting period was shortened from 31 March 2021 to 31 December 2020 to bring the period end into line with the ultimate parent company. As a consequence the comparative period is only a nine month period and the current period covers a twelve month period.

Audit report
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 1 July 2022 was Ian Agar FCA, who signed for and on behalf of Robert Whowell & Partners.

Starpoint Holdings Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

Exemption from preparing group accounts

The financial statements contain information about Starpoint Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group.
The company is exempt under section 400 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Orchid Bidco Limited.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, 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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit and loss account. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2020 - 5).

Starpoint Holdings Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

4	Investments

	2021 £	2020 £
Investments in subsidiaries	1,103	1,103

Subsidiaries	£
Cost or valuation
At 1 January 2021	1,103
At 31 December 2021	1,103
Carrying amount
At 31 December 2021	1,103
At 31 December 2020	1,103

Starpoint Holdings Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2021	2020
Subsidiary undertakings
Elmhurst Energy Systems Limited	Unit 16 St. Johns Business Park Lutterworth Leicestershire LE17 4HB United Kingdom	Ordinary	100%	100%
Elmhurst Energy Services Limited	Unit 16 St. Johns Business Park Lutterworth Leicestershire LE17 4HB United Kingdom	Ordinary	100%	100%
Independent Airtightness Testing Scheme Ltd	Unit 16 St. Johns Business Park Lutterworth Leicestershire LE17 4HB United Kingdom	Ordinary	100%	100%

5

Debtors

	2021 £	2020 £
Amounts owed by group undertakings	516,323	510,061
Prepayments	3,724	-
Other debtors	-	1,742
	520,047	511,803

Starpoint Holdings Limited

Notes to the Financial Statements for the Year Ended 31 December 2021

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Amounts owed to group undertakings	-	56,750
Taxation and social security	-	296
Accruals and deferred income	4,000	4,000
	4,000	61,046

7	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary shares of £1 each	1,053	1,053	1,053	1,053

8	Parent and ultimate parent undertaking

The company's immediate parent is Orchid Bidco Limited, incorporated in England and Wales.

 The ultimate parent is Puma Topco Limited.

 The most senior parent entity producing publicly available financial statements is Puma Topco Limited. These financial statements are available upon request from the registered office, 14 Clarendon Street, Nottingham, NG1 5HQ.