Thoroughstar Limited - Accounts to registrar (filleted) - small 18.2

Thoroughstar Limited - Accounts to registrar (filleted) - small 18.2

THOROUGHSTAR LIMITED - Company Information

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REGISTERED NUMBER: 03690827 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

THOROUGHSTAR LIMITED
THOROUGHSTAR LIMITED (REGISTERED NUMBER: 03690827)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THOROUGHSTAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2019







DIRECTORS: A Moss
S G Moss





SECRETARY: A Moss





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 03690827 (England and Wales)





ACCOUNTANTS: Civvals Limited
50 Seymour Street
London
W1H 7JG
Page 1
THOROUGHSTAR LIMITED (REGISTERED NUMBER: 03690827)

BALANCE SHEET
30 JUNE 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 1,500,000 1,500,000

CURRENT ASSETS
Debtors 4 58,385 58,385
Cash at bank 74,043 64,606
132,428 122,991
CREDITORS
Amounts falling due within one year 5 43,700 42,910
NET CURRENT ASSETS 88,728 80,081
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,588,728
1,580,081

CREDITORS
Amounts falling due after more than one
year
6
374,467
417,138
NET ASSETS 1,214,261 1,162,943

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 7 146,080 146,080
Retained earnings 1,067,181 1,015,863
1,214,261 1,162,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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...
THOROUGHSTAR LIMITED (REGISTERED NUMBER: 03690827)

BALANCE SHEET - continued
30 JUNE 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 25 March 2020 and were signed on its behalf by:





A Moss - Director


The notes form part of these financial statements

Page 3
THOROUGHSTAR LIMITED (REGISTERED NUMBER: 03690827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019


1. STATUTORY INFORMATION

Thoroughstar 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2018
and 30 June 2019 1,500,000
NET BOOK VALUE
At 30 June 2019 1,500,000
At 30 June 2018 1,500,000

Page 4 continued...
THOROUGHSTAR LIMITED (REGISTERED NUMBER: 03690827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Amounts owed by participating interests 58,385 58,385

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 16,063 15,605
Other creditors 27,637 27,305
43,700 42,910

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 374,467 417,138

7. RESERVES
Fair
value
reserve
£   
At 1 July 2018
and 30 June 2019 146,080

Page 5