| Starhomes Builders Investments Limited |
| Registered number: |
08067231 |
| Balance Sheet |
| as at 30 September 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,506,043 |
|
|
2,506,100 |
|
| Current assets |
| Debtors |
4 |
|
17,026 |
|
|
16,884 |
| Cash at bank and in hand |
|
|
134,120 |
|
|
131,642 |
|
|
|
151,146 |
|
|
148,526 |
|
| Creditors: amounts falling due within one year |
5 |
|
(36,000) |
|
|
(31,373) |
|
| Net current assets |
|
|
|
115,146 |
|
|
117,153 |
|
| Total assets less current liabilities |
|
|
|
2,621,189 |
|
|
2,623,253 |
|
|
| Provisions for liabilities |
|
|
|
(133,372) |
|
|
(133,378) |
|
|
| Net assets |
|
|
|
2,487,817 |
|
|
2,489,875 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2,554 |
|
|
2,554 |
| Share premium |
|
|
|
1,797,731 |
|
|
1,797,731 |
| Revaluation reserve |
6 |
|
|
605,678 |
|
|
605,678 |
| Profit and loss account |
|
|
|
81,854 |
|
|
83,912 |
|
| Shareholders' funds |
|
|
|
2,487,817 |
|
|
2,489,875 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| K P Clark |
| Director |
| Approved by the board on 15 April 2024 |
|
| Starhomes Builders Investments Limited |
| Notes to the Accounts |
| for the year ended 30 September 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
The turnover shown in the statement of comprehensive income represents rents receivable during the year. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures and fittings |
over 4 years |
|
Office equipment |
over 4 years |
|
|
Investment properties |
|
Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. |
|
|
Investment properties are revlaued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss. |
|
|
Unrealised changes to the fair value of the investment properties together with the related deferred taxation are transferred from the profit and loss reserve to the revaluation reserve. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Investment properties |
|
Fixtures and fittings |
|
Office equipment |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost or valuation |
|
At 1 October 2022 |
2,505,950 |
|
305 |
|
229 |
|
2,506,484 |
|
At 30 September 2023 |
2,505,950 |
|
305 |
|
229 |
|
2,506,484 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2022 |
- |
|
305 |
|
79 |
|
384 |
|
Charge for the year |
- |
|
- |
|
57 |
|
57 |
|
At 30 September 2023 |
- |
|
305 |
|
136 |
|
441 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2023 |
2,505,950 |
|
- |
|
93 |
|
2,506,043 |
|
At 30 September 2022 |
2,505,950 |
|
- |
|
150 |
|
2,506,100 |
|
|
|
Tangible assets held at valuation |
|
|
The directors have revalued the investment properties on the tenanted properties basis and consider them to be at their marketvalue at the reporting date |
|
|
| 4 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Other debtors |
17,026 |
|
16,884 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade creditors |
284 |
|
294 |
|
Taxation and social security costs |
18,141 |
|
11,887 |
|
Other creditors |
17,575 |
|
19,192 |
|
|
|
|
|
|
36,000 |
|
31,373 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2023 |
|
2022 |
| £ |
£ |
|
|
At 1 October 2022 |
605,678 |
|
605,678 |
|
|
At 30 September 2023 |
605,678 |
|
605,678 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Starhomes Builders Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
3 The Barns |
|
Mill Road |
|
Buckden |
|
St. Neots |
|
Cambs |
|
PE19 5XX |
