STARHALL ESTATES LIMITED - Period Ending 2015-03-31

Registration number: 04357265

STARHALL ESTATES LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Gilbert, Allan & Co
8 Rodborough Road
London
NW11 8RY

STARHALL ESTATES LIMITED
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
STARHALL ESTATES LIMITED
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of STARHALL ESTATES LIMITED for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of STARHALL ESTATES LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of STARHALL ESTATES LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STARHALL ESTATES LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that STARHALL ESTATES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of STARHALL ESTATES LIMITED. You consider that STARHALL ESTATES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of STARHALL ESTATES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gilbert, Allan & Co
8 Rodborough Road
London
NW11 8RY

23 December 2015

Page 1

STARHALL ESTATES LIMITED
(Registration number: 04357265)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,730,858			1,731,277
Current assets
Debtors					250,792			385,459
Cash at bank and in hand					105,901			4,060
					356,693			389,519
Creditors: Amounts falling due within one year					(1,211,095)			(1,291,944)
Net current liabilities					(854,402)			(902,425)
Total assets less current liabilities					876,456			828,852
Provisions for liabilities					(1,825)			-
Net assets					874,631			828,852
Capital and reserves
Called up share capital		3			100			100
Revaluation reserve					781,127			781,127
Profit and loss account					93,404			47,625
Shareholders' funds					874,631			828,852

For the year ending 31 March 2015 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 23 December 2015

.........................................
Mr Leslie FRANKEL
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

STARHALL ESTATES LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Plant and machinery	25% on reducing balance

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

STARHALL ESTATES LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		1,748,625			1,748,625
Additions		3,201			3,201
At 31 March 2015		1,751,826			1,751,826
Depreciation
At 1 April 2014		17,348			17,348
Charge for the year		3,620			3,620
At 31 March 2015		20,968			20,968
Net book value
At 31 March 2015		1,730,858			1,730,858
At 31 March 2014		1,731,277			1,731,277

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4

Control

The company is controlled by M Frankel.

Page 4