UOE DEACONESS LIMITED

Company Registration Number:
07773697 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

UOE DEACONESS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

UOE DEACONESS LIMITED

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal activities of the company

PRINCIPAL ACTIVITIESThe Company was originally incorporated in 2011 with the principal activity of investing in and operating student accommodation property, and in particular, Deaconess House. Under a Memorandum of Understanding (MOU) entered into with the University of Edinburgh, the Accommodation Services division of the University of Edinburgh entered into a lease of the completed property development.



Directors

The director shown below has held office during the whole of the period from
1 August 2022 to 31 July 2023

Lee Hamill


The director shown below has held office during the period of
1 August 2022 to 23 March 2023

Rachael Robertson


The director shown below has held office during the period of
9 May 2023 to 31 July 2023

Martin Mulube


The director shown below has held office during the period of
24 April 2023 to 31 July 2023

Carina Svensen


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
12 December 2023

And signed on behalf of the board by:
Name: Lee Hamill
Status: Director

UOE DEACONESS LIMITED

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Investments: 3 40,025,000 51,700,000
Total fixed assets: 40,025,000 51,700,000
Current assets
Cash at bank and in hand: 2,823,089 2,714,606
Total current assets: 2,823,089 2,714,606
Creditors: amounts falling due within one year: 4 ( 212,491 ) ( 192,819 )
Net current assets (liabilities): 2,610,598 2,521,787
Total assets less current liabilities: 42,635,598 54,221,787
Total net assets (liabilities): 42,635,598 54,221,787
Capital and reserves
Called up share capital: 22,821,322 22,821,322
Profit and loss account: 19,814,276 31,400,465
Total Shareholders' funds: 42,635,598 54,221,787

The notes form part of these financial statements

UOE DEACONESS LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 12 December 2023
and signed on behalf of the board by:

Name: Lee Hamill
Status: Director

The notes form part of these financial statements

UOE DEACONESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is charged on a straight line basis over the expected useful life:

UOE DEACONESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

UOE DEACONESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Fixed assets investments note

INVESTMENT PROPERTYThe property was completed on 6 September 2014 and transferred from construction in progress to investment property at that date.Gerald Eve LLP valued the property at £40,025,000 as at 31 July 2023 (2022: £51,700,000)

UOE DEACONESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 212,491 192,819
Total 212,491 192,819