STARRY_GROUP_LTD - Accounts

STARRY_GROUP_LTD - Accounts

STARRY GROUP LIMITED - Company Information

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Company Registration No. 07890647 (England and Wales)
STARRY GROUP LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
STARRY GROUP LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
STARRY GROUP LTD
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
600,000
650,000
Investments
2
1,835,773
1,827,440
2,435,773
2,477,440
Current assets
Debtors
6,372,439
5,317,373
Cash at bank and in hand
276,246
853,894
6,648,685
6,171,267
Creditors: amounts falling due within one year
(9,074,667)
(3,615,487)
Net current (liabilities)/assets
(2,425,982)
2,555,780
Total assets less current liabilities
9,791
5,033,220
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
9,789
5,033,218
Shareholders' funds
9,791
5,033,220
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 4 May 2016
Mr N J Davey
Mr N  Donovan
Director
Director
Company Registration No. 07890647
STARRY GROUP LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Goodwill

Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 10 years . of 10 years.

1.3
Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
STARRY GROUP LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
2
Fixed assets
Intangible assets
Investments
Total
£
£
£
Cost
At 1 September 2014
750,000
1,827,440
2,577,440
Additions
-
8,333
8,333
At 31 August 2015
750,000
1,835,773
2,585,773
Depreciation
At 1 September 2014
100,000
-
100,000
Charge for the year
50,000
-
50,000
At 31 August 2015
150,000
-
150,000
Net book value
At 31 August 2015
600,000
1,835,773
2,435,773
At 31 August 2014
650,000
1,827,440
2,477,440
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Isotop Limited
Isle of Man
Ordinary
100.00
Linksfield Properties Limited
Isle of Man
Ordinary
100.00
Fairholm Properties Limited
Isle of Man
Ordinary
100.00
Lydbrook Properties Limited
Isle of Man
Ordinary
100.00
Silverbell Limited
England and Wales
Ordinary
100.00
Gold Dome Limited
England and Wales
Ordinary
100.00
STARRY GROUP LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
2
Fixed assets
(Continued)
- 4 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Isotop Limited
Property investment
1,565,497
1,032,017
Linksfield Properties Limited
Property investment
135,011
113,448
Fairholm Properties Limited
Property investment
150,192
66,932
Lydbrook Properties Limited
Property investment
371,400
3,852,864
Silverbell Limited
Not trading
-
-
Gold Dome Limited
Not trading
-
-
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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