Accounts filed on 28-02-2021

Accounts filed on 28-02-2021

START INCORPORATED LIMITED - Company Information

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Registered number: 04674241
Start Incorporated Limited
ACCOUNTS
FOR THE YEAR ENDED 28/02/2021
Start Incorporated Limited
ACCOUNTS
FOR THE YEAR ENDED 28/02/2021
DIRECTORS
Mstyslav Skorobogatov
REGISTERED OFFICE
Lower Ground Floor One George Yard
London
EC3V 9DF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04674241
Start Incorporated Limited
ACCOUNTS
FOR THEYEARENDED28/02/2021
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Start Incorporated Limited
BALANCE SHEET AT 28/02/2021
20212020
NotesUSDUSD
FIXED ASSETS
Investment Assets24,619,2534,619,253
CURRENT ASSETS
Debtors3,463-
3,463-
CREDITORS: Amounts falling due within one year34,648,9184,617,758
NET CURRENT LIABILITIES(4,645,455)(4,617,758)
TOTAL ASSETS LESS CURRENT LIABILITIES(26,202)1,495
CAPITAL AND RESERVES
Called up share capital5196196
Profit and loss account(26,398)1,299
SHAREHOLDERS' FUNDS(26,202)1,495
For the year ending 28/02/2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/03/2022 and signed on their behalf by
.............................
Mstyslav Skorobogatov
Director
Start Incorporated Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
USDUSD
Cost
At 29/02/20204,619,2534,619,253
At 28/02/20214,619,2534,619,253
Amortisation
Net Book Amounts
At 28/02/20214,619,2534,619,253
At 28/02/20204,619,2534,619,253
The company holds a 24% share of HOTEL COMPLEX LYBID, a company registered in Ukraine. The aggregate amount of capital and reserves and the result of this undertaking for the last relevant financial year (2017) were respectively: USD 162,041 (2016: NA) and a Loss of USD 30,668 (2016: NA); 24% share of HOTEL COMPLEX RUS, a company registered in Ukraine. The aggregate amount of capital and reserves and the result of this undertaking for the last relevant financial year (2017) were respectively: NA (2016: NA); 24% share of HOTEL COMPLEX CHEREMOSH, a company registered in Ukraine. The aggregate amount of capital and reserves and the result of this undertaking for the last relevant financial year (2017) were respectively: NA (2016: NA); 99% share of UNIVERSAL ALLIANCE UKRAINE, a company registered in Ukraine. The aggregate amount of capital and reserves and the result of this undertaking for the last relevant financial year (2017) were respectively: NA (2016: NA).
Start Incorporated Limited
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
USDUSD
Other creditors4,648,9184,617,758
4,648,9184,617,758
4. EMPLOYEES
20212020
No.No.
Average number of employees--
5. SHARE CAPITAL 20212020
USDUSD
Allotted, issued and fully paid:
100 Class 1 shares of £1 each100100
196196