Wandering Star Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02871714 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Wandering Star Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Berrow

SECRETARY:

Ms S H Paddon

REGISTERED OFFICE:

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

REGISTERED NUMBER:

02871714 (England and Wales)

ACCOUNTANTS:

S&T Accountants Ltd

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

CURRENT ASSETS

Debtors

4

90,007

98,838

Cash at bank

151,691

46,682

241,698

145,520

CREDITORS

Amounts falling due within one year

5

905,906

797,005

NET CURRENT LIABILITIES

(664,208

)

(651,485

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(664,208

)

(651,485

)

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

(667,208

)

(654,485

)

SHAREHOLDERS' FUNDS

(664,208

)

(651,485

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2023 and were signed by:

Mr M Berrow - Director

1.	STATUTORY INFORMATION

Wandering Star Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Since the Company's Incorporation in 1993 Intellectual Assets have been purchased totalling £384,447. Section 68 of the Capital Allowances Act 1990 deems all the capital expenditure on the intellectual assets as being revenue and therefore the intellectual assets are not shown on the balance sheet but are written off on the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

39

33

Amounts owed by group undertakings

89,968

98,805

90,007

98,838

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

13,128

13,130

Amounts owed to group undertakings

890,830

771,930

Other creditors

1,948

11,945

905,906

797,005

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

All transactions between the Company and its Directors are entered through the Directors Current Accounts.

7.	RELATED PARTY DISCLOSURES

There are inter subsidiary loan accounts shown on the balance sheet with Wandering Star Books Ltd, Wandering Star Pictures Ltd and Wandering Star Media Ltd.