Starace Services Ltd - Limited company - abbreviated - 11.0.0

Starace Services Ltd - Limited company - abbreviated - 11.0.0

STARACE SERVICES LTD - Company Information

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REGISTERED NUMBER: 03904485 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

FOR

STARACE SERVICES LTD

STARACE SERVICES LTD (REGISTERED NUMBER: 03904485)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

STARACE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2014







DIRECTOR: I Babad





SECRETARY: Mrs R Babad





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 03904485 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
STARACE SERVICES LTD (REGISTERED NUMBER: 03904485)

ABBREVIATED BALANCE SHEET
31 JANUARY 2014

31.1.14 31.1.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,540 5,342
Investment property 3 376,136 376,136
380,676 381,478

CURRENT ASSETS
Debtors 198,359 193,124
Cash at bank - 4,505
198,359 197,629
CREDITORS
Amounts falling due within one year 435,851 189,592
NET CURRENT (LIABILITIES)/ASSETS (237,492 ) 8,037
TOTAL ASSETS LESS CURRENT
LIABILITIES
143,184
389,515

CREDITORS
Amounts falling due after more than one
year
4
-
233,715
NET ASSETS 143,184 155,800

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account 143,183 155,799
SHAREHOLDERS' FUNDS 143,184 155,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
STARACE SERVICES LTD (REGISTERED NUMBER: 03904485)

ABBREVIATED BALANCE SHEET - continued
31 JANUARY 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 31 October 2014 and were signed by:





I Babad - Director


The notes form part of these abbreviated accounts

Page 3
STARACE SERVICES LTD (REGISTERED NUMBER: 03904485)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of services, excluding value added tax.

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

Fixtures and fittings - 15% on reducing balance

Investment property depreciation
In accordance with Financial Reporting standard for Smaller Entities (effective April 2008), no depreciation or
amortisation is provided in respect of freehold investment properties nor on leasehold investment properties
having an unexpired term of more than twenty years. This departure from the requirements of the Companies Act
2006, for all properties to be depreciated, is necessary, as the director considers that this accounting policy
results in the financial statements giving true and fair view.

Investment properties
Investment Properties are included in the Balance Sheet at historical cost, which is not in accordance with
Financial Reporting Standard for Smaller Entities (effective April 2008), which requires such properties to be
stated at current market value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2013
and 31 January 2014 19,571
DEPRECIATION
At 1 February 2013 14,229
Charge for year 802
At 31 January 2014 15,031
NET BOOK VALUE
At 31 January 2014 4,540
At 31 January 2013 5,342

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 February 2013
and 31 January 2014 376,136
NET BOOK VALUE
At 31 January 2014 376,136
At 31 January 2013 376,136

Page 4 continued...
STARACE SERVICES LTD (REGISTERED NUMBER: 03904485)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2014

4. CREDITORS

Creditors include an amount of £ 0 (31.1.13 - £ 233,715 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.14 31.1.13
value: £    £   
1 Ordinary £1 1 1

Page 5