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REGISTERED NUMBER: 10001354 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Student Rental Homes Limited

Student Rental Homes Limited (Registered number: 10001354)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Student Rental Homes Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: H S Grewal
Mrs D K Grewal





REGISTERED OFFICE: 10 Garden Road
Burley
Hampshire
BH24 4EA





REGISTERED NUMBER: 10001354 (England and Wales)





ACCOUNTANTS: Freeman Carr
Chartered Certified Accountants
The Gatehouse
2 Devonhurst Place
Heathfield Terrace
Chiswick
London
W4 4JD

Student Rental Homes Limited (Registered number: 10001354)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,549,282 2,195,347
2,549,282 2,195,347

CURRENT ASSETS
Debtors 6 134,033 220,000
Cash at bank 151,583 106,672
285,616 326,672
CREDITORS
Amounts falling due within one year 7 23,897 42,523
NET CURRENT ASSETS 261,719 284,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,811,001

2,479,496

CREDITORS
Amounts falling due after more than one year 8 (1,560,688 ) (1,560,688 )

PROVISIONS FOR LIABILITIES (78,620 ) -
NET ASSETS 1,171,693 918,808

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 789,100 789,100
Retained earnings 380,593 127,708
1,171,693 918,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:



H S Grewal - Director


Student Rental Homes Limited (Registered number: 10001354)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Student Rental Homes 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like cash and bank balances, trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset, and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 Statement of Income and Retained Earnings, 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.


Student Rental Homes Limited (Registered number: 10001354)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 32,150
AMORTISATION
At 1 March 2022
and 28 February 2023 32,150
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Investment machinery
property etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2022 2,193,424 36,895 2,230,319
Additions - 5,239 5,239
Revaluations 351,576 - 351,576
At 28 February 2023 2,545,000 42,134 2,587,134
DEPRECIATION
At 1 March 2022 - 34,972 34,972
Charge for year - 2,880 2,880
At 28 February 2023 - 37,852 37,852
NET BOOK VALUE
At 28 February 2023 2,545,000 4,282 2,549,282
At 28 February 2022 2,193,424 1,923 2,195,347

Student Rental Homes Limited (Registered number: 10001354)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 28 February 2023 is represented by:

Plant and
Investment machinery
property etc Totals
£    £    £   
Valuation in 2023 351,576 - 351,576
Cost 2,193,424 42,134 2,235,558
2,545,000 42,134 2,587,134

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 134,033 220,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 13,096 17,679
Other creditors 10,801 24,844
23,897 42,523

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 1,560,688 1,560,688

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,560,688 1,560,688

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £132,336 owed by the directors. At the beginning of the year the amount owed by the company to the directors was £2,843. During the year advances totalling £219,409 were made to the directors and repayments totalling £87,142 were received from the directors. The loans are not interest free, unsecured and repayable on demand. Interest of £2,912 was charged in the year. The maximum amount outstanding during the year was £132,336 which was paid back to the company within nine months of the year end.