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REGISTERED NUMBER: 07411110 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

1ST CLASS STUDENT HOMES LTD

1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1ST CLASS STUDENT HOMES LTD

COMPANY INFORMATION
for the Year Ended 31st October 2023







DIRECTORS: Mr A Earp
Mrs L Earp





REGISTERED OFFICE: 4 Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 07411110 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

BALANCE SHEET
31st October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,481,484 4,480,719

CURRENT ASSETS
Debtors 5 571,719 502,943
Cash at bank 44,015 70,038
615,734 572,981
CREDITORS
Amounts falling due within one year 6 81,855 83,061
NET CURRENT ASSETS 533,879 489,920
TOTAL ASSETS LESS CURRENT LIABILITIES 5,015,363 4,970,639

CREDITORS
Amounts falling due after more than one
year

7

(2,942,430

)

(2,956,825

)

PROVISIONS FOR LIABILITIES 9 (341,152 ) (288,084 )
NET ASSETS 1,731,781 1,725,730

CAPITAL AND RESERVES
Called up share capital 10 200 200
Fair value reserve 11 1,228,148 1,228,148
Retained earnings 503,433 497,382
SHAREHOLDERS' FUNDS 1,731,781 1,725,730

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st October 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.

1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

BALANCE SHEET - continued
31st October 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 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 28th June 2024 and were signed on its behalf by:





Mr A Earp - Director


1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

1st Class Student Homes Ltd 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 comprises the value of services supplied and rent received by the company, exclusive of trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Computer equipment - Straight line over 3 years

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1st November 2022 4,480,719 - 4,480,719
Additions - 1,148 1,148
At 31st October 2023 4,480,719 1,148 4,481,867
DEPRECIATION
Charge for year - 383 383
At 31st October 2023 - 383 383
NET BOOK VALUE
At 31st October 2023 4,480,719 765 4,481,484
At 31st October 2022 4,480,719 - 4,480,719

1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 512,393 470,185
Amounts owed by associates 59,326 32,758
571,719 502,943

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Amounts owed to associates 725 7,624
Tax 49,211 35,555
Other creditors 28,942 36,296
Directors' loan accounts 115 586
Accrued expenses 2,862 3,000
81,855 83,061

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans (see note 8) 2,942,430 2,956,825

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,942,430 2,956,825

8. LOANS

An analysis of the maturity of loans is given below:

31/10/23 31/10/22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,942,430 2,956,825

9. PROVISIONS FOR LIABILITIES
31/10/23 31/10/22
£    £   
Deferred tax
Other timing differences 341,152 288,084

1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st November 2022 288,084
Provided during year 53,068
Balance at 31st October 2023 341,152

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

11. RESERVES
Fair
value
reserve
£   
At 1st November 2022
and 31st October 2023 1,228,148