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REGISTERED NUMBER: 08656140 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ST PETERS STUDENT ACCOMMODATION LIMITED

ST PETERS STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 08656140)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST PETERS STUDENT ACCOMMODATION LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: K T Hazeldene
D Burke





SECRETARY: K T Hazeldene





REGISTERED OFFICE: Burrows Building Bridge Road
Saltley
Birmingham
B8 3TE





REGISTERED NUMBER: 08656140 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

ST PETERS STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 08656140)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 106,000 106,000

CURRENT ASSETS
Debtors 5 1,584 1,488
Cash at bank 3,347 4,694
4,931 6,182
CREDITORS
Amounts falling due within one year 6 26,570 26,510
NET CURRENT LIABILITIES (21,639 ) (20,328 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,361

85,672

CREDITORS
Amounts falling due after more than one
year

7

179,780

179,780
NET LIABILITIES (95,419 ) (94,108 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (95,519 ) (94,208 )
(95,419 ) (94,108 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

ST PETERS STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 08656140)

BALANCE SHEET - continued
31 March 2023


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 and authorised for issue on 18 October 2023 and were signed on its behalf by:





D Burke - Director


ST PETERS STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 08656140)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

St Peters Student Accommodation 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 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.

Going concern
At the time of approval these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment the directors are required to consider a period of at least 12 months from the date of approval of the financial statements. Given that the company reports net liabilities of £95,419 as at 31 March 2023, the directors' assessment of the going concern assumption is reliant upon the continuing support of the parent organisation, St Peter's Urban Village Trust which has net cash resources of £397,984 at the year-end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

ST PETERS STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 08656140)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 106,000
NET BOOK VALUE
At 31 March 2023 106,000
At 31 March 2022 106,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,584 1,488

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 25,310 25,310
Accruals and deferred income 1,260 1,200
26,570 26,510

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 179,780 179,780

8. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Donations paid to St Peter's Urban Village Trust totalled £nil (2022: £nil).

The following amounts were outstanding at the year end date:

Amounts owed to St Peter's Urban Village Trust totalled £179,780 (2022: £179,780).

9. POST BALANCE SHEET EVENTS

Having reviewed the operating conditions in the post balance sheet period, and in particular having considered the balance sheet carrying values of fixed assets and the recoverability of debtors, the directors are satisfied there are currently no indications of any material impairment other than as already provided for in the financial statements.

Further details on the Trustees' confirmation of the going concern assumption as the appropriate basis for preparation of the accounts are given in the Accounting Policies.