Student Life Plymouth Limited 10613040 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is the management of real estate on a fee or contract basis. Digita Accounts Production Advanced 6.30.9574.0 true 10613040 2022-08-01 2023-07-31 10613040 2023-07-31 10613040 core:CurrentFinancialInstruments 2023-07-31 10613040 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10613040 core:Non-currentFinancialInstruments 2023-07-31 10613040 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 10613040 core:Goodwill 2023-07-31 10613040 core:FurnitureFittingsToolsEquipment 2023-07-31 10613040 core:MotorVehicles 2023-07-31 10613040 bus:SmallEntities 2022-08-01 2023-07-31 10613040 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10613040 bus:FullAccounts 2022-08-01 2023-07-31 10613040 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10613040 bus:RegisteredOffice 2022-08-01 2023-07-31 10613040 bus:HighestPaidDirector 2022-08-01 2023-07-31 10613040 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10613040 bus:Agent1 2022-08-01 2023-07-31 10613040 core:Goodwill 2022-08-01 2023-07-31 10613040 core:FurnitureFittings 2022-08-01 2023-07-31 10613040 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 10613040 core:MotorVehicles 2022-08-01 2023-07-31 10613040 countries:EnglandWales 2022-08-01 2023-07-31 10613040 2022-07-31 10613040 core:Goodwill 2022-07-31 10613040 core:FurnitureFittingsToolsEquipment 2022-07-31 10613040 core:MotorVehicles 2022-07-31 10613040 2021-08-01 2022-07-31 10613040 2022-07-31 10613040 core:CurrentFinancialInstruments 2022-07-31 10613040 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 10613040 core:Non-currentFinancialInstruments 2022-07-31 10613040 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 10613040 core:Goodwill 2022-07-31 10613040 core:FurnitureFittingsToolsEquipment 2022-07-31 10613040 core:MotorVehicles 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 10613040

Student Life Plymouth Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Student Life Plymouth Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

5 to 8

 

Student Life Plymouth Limited

Company Information

Director

Mr K Bateman

Registered office

92 North Hill
Plymouth
Devon
PL4 8EX

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Student Life Plymouth Limited
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Student Life Plymouth Limited for the year ended 31 July 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Student Life Plymouth Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Student Life Plymouth Limited and state those matters that we have agreed to state to the Board of Directors of Student Life Plymouth Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Student Life Plymouth Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Student Life Plymouth Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Student Life Plymouth Limited. You consider that Student Life Plymouth Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Student Life Plymouth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

24 April 2024

 

Student Life Plymouth Limited

(Registration number: 10613040)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

5

16,245

20,845

Tangible assets

6

5,262

5,536

 

21,507

26,381

Current assets

 

Debtors

98,500

50,000

Cash at bank and in hand

 

14,801

67,667

 

113,301

117,667

Creditors: Amounts falling due within one year

7

(47,034)

(50,413)

Net current assets

 

66,267

67,254

Total assets less current liabilities

 

87,774

93,635

Creditors: Amounts falling due after more than one year

7

(33,851)

(40,291)

Net assets

 

53,923

53,344

Capital and reserves

 

Called up share capital

15

15

Retained earnings

53,908

53,329

Shareholders' funds

 

53,923

53,344

 

Student Life Plymouth Limited

(Registration number: 10613040)
Balance Sheet as at 31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 24 April 2024
 

.........................................
Mr K Bateman
Director

   
     
 

Student Life Plymouth Limited

Notes to the Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
92 North Hill
Plymouth
Devon
PL4 8EX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants received in respect of the CJRS are credited to the trading results as Other operating income in the period in which the related expenditure has been expensed.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Student Life Plymouth Limited

Notes to the Financial Statements for the Year Ended 31 July 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 4).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,410

1,846

Amortisation expense

4,600

4,600

 

Student Life Plymouth Limited

Notes to the Financial Statements for the Year Ended 31 July 2023

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2022

46,000

46,000

At 31 July 2023

46,000

46,000

Amortisation

At 1 August 2022

25,155

25,155

Amortisation charge

4,600

4,600

At 31 July 2023

29,755

29,755

Carrying amount

At 31 July 2023

16,245

16,245

At 31 July 2022

20,845

20,845

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

8,822

11,440

20,262

Additions

1,136

-

1,136

At 31 July 2023

9,958

11,440

21,398

Depreciation

At 1 August 2022

5,683

9,043

14,726

Charge for the year

811

599

1,410

At 31 July 2023

6,494

9,642

16,136

Carrying amount

At 31 July 2023

3,464

1,798

5,262

At 31 July 2022

3,139

2,397

5,536

 

Student Life Plymouth Limited

Notes to the Financial Statements for the Year Ended 31 July 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

6,439

6,439

Trade creditors

 

-

315

Taxation and social security

 

7,258

14,820

Accruals and deferred income

 

4,987

5,143

Other creditors

 

28,350

23,696

 

47,034

50,413

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

33,851

40,291

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

33,851

40,291

2023
£

2022
£

Current loans and borrowings

Bank borrowings

6,439

6,439