Star Hill Properties Limited - Accounts to registrar (filleted) - small 18.2

Star Hill Properties Limited - Accounts to registrar (filleted) - small 18.2

STAR HILL PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 07802779 (England and Wales)












UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

STAR HILL PROPERTIES LIMITED
STAR HILL PROPERTIES LIMITED (REGISTERED NUMBER: 07802779)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAR HILL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTORS: A Brownlow
B J Pain





REGISTERED OFFICE: 37 Star Hill
Rochester
Kent
ME1 1XF





REGISTERED NUMBER: 07802779 (England and Wales)





ACCOUNTANTS: Williams Giles Limited
Chartered Accountants
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH
Page 1
STAR HILL PROPERTIES LIMITED (REGISTERED NUMBER: 07802779)

BALANCE SHEET
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - -
Investment property 4 - 1,050,000
- 1,050,000

CURRENT ASSETS
Debtors 5 23,728 41,155
Cash at bank 196 14,683
23,924 55,838
CREDITORS
Amounts falling due within one year 6 23,725 47,638
NET CURRENT ASSETS 199 8,200
TOTAL ASSETS LESS CURRENT
LIABILITIES
199
1,058,200

CREDITORS
Amounts falling due after more than one
year
7
-
(601,444
)

PROVISIONS FOR LIABILITIES - (43,157 )
NET ASSETS 199 413,599

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 - 297,636
Retained earnings 99 115,863
SHAREHOLDERS' FUNDS 199 413,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements

Page 2 continued...
STAR HILL PROPERTIES LIMITED (REGISTERED NUMBER: 07802779)

BALANCE SHEET - continued
30 JUNE 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2018 and were signed on its behalf by:




B J Pain - Director



A Brownlow - Director


The notes form part of these financial statements

Page 3
STAR HILL PROPERTIES LIMITED (REGISTERED NUMBER: 07802779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018

1. STATUTORY INFORMATION

Star Hill Properties Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

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.

Page 4 continued...
STAR HILL PROPERTIES LIMITED (REGISTERED NUMBER: 07802779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

3. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 July 2017 61,310
Disposals (61,310 )
At 30 June 2018 -
DEPRECIATION
At 1 July 2017 61,310
Eliminated on disposal (61,310 )
At 30 June 2018 -
NET BOOK VALUE
At 30 June 2018 -
At 30 June 2017 -

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2017 1,050,000
Disposals (1,050,000 )
At 30 June 2018 -
NET BOOK VALUE
At 30 June 2018 -
At 30 June 2017 1,050,000

The property was sold on 28 September 2017. The previous revaluation amount of £286,302 has been fully
reversed against the revaluation reserve.

5. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors - 41,055
Other debtors 100 100
100 41,155

Amounts falling due after more than one year:
Amounts owed by group undertakings 23,628 -

Aggregate amounts 23,728 41,155

Page 5 continued...
STAR HILL PROPERTIES LIMITED (REGISTERED NUMBER: 07802779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 21,862 21,756
Other creditors 1,863 25,882
23,725 47,638

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Amounts owed to group undertakings - 601,444

8. SECURED DEBTS

On 2nd October 2015, The Royal Bank of Scotland Plc raised a fixed charge for the legal mortgage for 1 New
Road, Rochester, which was satisfied on 28th September 2017.

Furthermore, a fixed and floating charge were also raised over the property by The Royal Bank of Scotland Plc
on the 17th September 2015, which was satisfied on 28th September 2017.

9. RESERVES
Revaluation
reserve
£   
At 1 July 2017 297,636
Disposal of property (297,636 )

At 30 June 2018 -

Page 6