Starnes PLC
Registered number: 03858049
Unaudited ABRIDGED Financial Statements
For The Year Ended
31 May 2023
Starnes PLC
Unaudited Financial Statements
For The Year Ended
31 May 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Abridged Financial Statements | 2 |
Page 1
Starnes PLC
Balance Sheet
As at
31 May 2023
Balance Sheet
Registered number:
03858049
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 31 May 2023 in accordance with section 444(2A) of the Companies Act 2006.
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 57,404 | 57,404 | |||
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on page 2 form part of these financial statements.
Page 1
Page 2
Starnes PLC
Notes to the Abridged Financial Statements
For The Year Ended
31 May 2023
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
3.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Other debtors |
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The company is related to Starnes Developments group of companies due to common directorships.
During the year the company continued to provide financial support to the group by way of inter company fund transfers.
At the balance sheet date the net amount due from the group was £217,598 (2022: £217,598).
These balances are included in other debtors.
4.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
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The company is related to Starnes Developments group of companies due to common directorships.
During the year the company continued to provide financial support to the group by way of inter company fund transfers.
At the balance sheet date the net amount due to the group was £198,115 (2022: £198,115)
These balances are included in other creditors.
5.
Share Capital
| 2023 | 2022 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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6.
General Information
Starnes PLC
Registered number
03858049
is a limited by shares company incorporated in England & Wales. The Registered Office is 1, Lonsdale Gardens, Tunbridge Wells, Kent, TN1 1NU.
Page 2