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REGISTERED NUMBER: 14469493 (England and Wales)















Unaudited Financial Statements

for the Period 8 November 2022 to 31 March 2024

for

Monument Students Ltd

Monument Students Ltd (Registered number: 14469493)






Contents of the Financial Statements
for the Period 8 November 2022 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Monument Students Ltd

Company Information
for the Period 8 November 2022 to 31 March 2024







DIRECTORS: J Cranshaw
T Vaughan
L Stockton
L A Stockton





REGISTERED OFFICE: 56 Tithebarn Street
Liverpool
Merseyside
L2 2SR





REGISTERED NUMBER: 14469493 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Monument Students Ltd (Registered number: 14469493)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Investment property 4 3,157,232

CURRENT ASSETS
Cash at bank 147,333

CREDITORS
Amounts falling due within one year 5 1,538,306
NET CURRENT LIABILITIES (1,390,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,766,259

CREDITORS
Amounts falling due after more than
one year

6

1,771,308
NET LIABILITIES (5,049 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (5,149 )
(5,049 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

Monument Students Ltd (Registered number: 14469493)

Balance Sheet - continued
31 March 2024


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 29 July 2024 and were signed on its behalf by:





J Cranshaw - Director


Monument Students Ltd (Registered number: 14469493)

Notes to the Financial Statements
for the Period 8 November 2022 to 31 March 2024

1. STATUTORY INFORMATION

Monument Students 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

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.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at 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.

Taxation
Taxation for the period 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.


Monument Students Ltd (Registered number: 14469493)

Notes to the Financial Statements - continued
for the Period 8 November 2022 to 31 March 2024

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 3,157,232
At 31 March 2024 3,157,232
NET BOOK VALUE
At 31 March 2024 3,157,232

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 21,965
Trade creditors 687
Amounts owed to associates 1,443,836
Taxation and social security 18,563
Other creditors 53,255
1,538,306

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 1,771,308

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,683,449

Monument Students Ltd (Registered number: 14469493)

Notes to the Financial Statements - continued
for the Period 8 November 2022 to 31 March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 1,793,273

Lloyds Bank PLC hold charges over the property included in Investment property.

8. RELATED PARTY DISCLOSURES

Included in creditors is £639,950 due to Tuebrook Land Limited, a company which shares directors with Monument Students Ltd. The loan is interest free and repayable on demand.

Included in creditors is £753,885 due to VC Property Holdings Ltd , a company which shares directors with Monument Students Ltd. The loan is interest free and repayable on demand.

Included in creditors is £50,000 due to Stockton Properties Partnership , which shares partners with Monument Students Ltd. The loan is interest free and repayable on demand.