Startpick Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 02561016

Startpick Ltd

Filleted Unaudited Financial Statements

For the Year Ended

31 December 2022

Startpick Ltd

Statement of Financial Position

31 December 2022

	2022		2021
Note	€	€	€	€

Fixed Assets

Tangible assets	4		1,421,774		1,421,774

Creditors: amounts falling due within one year	5	( 569)		( 455)
		----		----
Net Current Liabilities			( 569)		( 455)
			------------		------------
Total Assets Less Current Liabilities			1,421,205		1,421,319

Creditors: amounts falling due after more than one year	6	( 1,419,973)	( 1,420,087)
		------------	------------
Net Assets		1,232	1,232
		------------	------------

Capital and Reserves

Called up share capital	1,232	1,232
	-------	-------
Shareholder Funds	1,232	1,232
	-------	-------

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 Section 1A of 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 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has 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 6 April 2023 , and are signed on behalf of the board by:

Thierry Bounous
Director

Company registration number: 02561016

Startpick Ltd

Notes to the Financial Statements

Year Ended 31 December 2022

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 East Point, High Street, Seal, Sevenoaks, Kent TN15 0EG, England, UK. The average number of employees/directors in the year was one.

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

3.1 Basis of Preparation

The financial statements have been prepared on the historical cost basis. The company is in substance acting as a principal in its commercial dealings in having control of and primary responsibility for its assets held and activities, including facing exposure to risks that may arise therefrom. Consequently these Financial Statements have been prepared presenting the substance of this position by following Paragraphs 2.8 & 10.4(b)(ii) of FRS102 in applying the accounting practice for a principal within its Appendix 1.

3.2 Revenue Recognition

Turnover that has been shown for the current and prior years in the Statement of Income & Retained Earnings represents a notional rent recharge reflected pursuant to the above basis of preparation and equal to the property expenses and incidental costs.

3.3 Tangible Assets

Tangible assets are initially recorded at cost.

4. Tangible Assets

	Land and buildings
	€

Cost
At 1 January 2022 and 31 December 2022	1,421,774
	------------
Depreciation
At 1 January 2022 and 31 December 2022	–
	------------
Carrying amount
At 31 December 2022	1,421,774
	------------
At 31 December 2021	1,421,774
	------------

5. Creditors: amounts falling due within one year

	2022	2021
	€	€

Other creditors	569	455
	----	----

6. Creditors: amounts falling due after more than one year

	2022	2021
	€	€

Other creditors	1,419,973	1,420,087
	------------	------------

This total appears in the accounts in consequence of adopting the approach set out in Note 3.1 above and represents the present economic obligation from funds received in a fiduciary capacity, and which is being presented as a long term limited recourse loan due for payment on and to the extent of (and payable exclusively from the future proceeds of) any disposal of the fixed asset investment shown in Note 4 above and, in substance, is a financial obligation fully secured by an equitable charge on that investment.