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REGISTERED NUMBER: 11705197 (England and Wales)


















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SOUTHAMPTON STUDENT DEVELOPMENTS LTD

SOUTHAMPTON STUDENT DEVELOPMENTS LTD (REGISTERED NUMBER: 11705197)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


SOUTHAMPTON STUDENT DEVELOPMENTS LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: E D Coleman
E J Coleman





REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 11705197 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

SOUTHAMPTON STUDENT DEVELOPMENTS LTD (REGISTERED NUMBER: 11705197)

REPORT OF THE DIRECTORS
for the Year Ended 30 November 2023


The directors present their report with the financial statements of the company for the year ended 30 November 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2022 to the date of this report.

E D Coleman
E J Coleman

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





E D Coleman - Director


22 August 2024

SOUTHAMPTON STUDENT DEVELOPMENTS LTD (REGISTERED NUMBER: 11705197)

INCOME STATEMENT
for the Year Ended 30 November 2023

2022 2023
£    Notes £   

5,250,000 TURNOVER -

3,738,523 Cost of sales -
1,511,477 GROSS PROFIT -

126,467 Administrative expenses 59,738
1,385,010 (59,738 )

84,069 Other operating income 85,000
1,469,079 OPERATING PROFIT 25,262

- Gain/loss on revaluation of investment
property

150,000
1,469,079 175,262

104,428 Interest payable and similar expenses 111,350
1,364,651 PROFIT BEFORE TAXATION 63,912

259,284 Tax on profit 4 37,500
1,105,367 PROFIT FOR THE FINANCIAL YEAR 26,412

SOUTHAMPTON STUDENT DEVELOPMENTS LTD (REGISTERED NUMBER: 11705197)

BALANCE SHEET
30 November 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
5,250,000 Investment property 5 5,400,000

CURRENT ASSETS
1,018 Debtors 6 51,284
100 Cash in hand 100
1,118 51,384
CREDITORS
1,353,282 Amounts falling due within one year 7 1,157,368
(1,352,164 ) NET CURRENT LIABILITIES (1,105,984 )
3,897,836 TOTAL ASSETS LESS CURRENT
LIABILITIES

4,294,016

CREDITORS
(2,792,369 ) Amounts falling due after more than one
year

8

(3,124,637

)

- PROVISIONS FOR LIABILITIES (37,500 )
1,105,467 NET ASSETS 1,131,879

CAPITAL AND RESERVES
100 Called up share capital 100
1,105,367 Retained earnings 1,131,779
1,105,467 SHAREHOLDERS' FUNDS 1,131,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





E D Coleman - Director


SOUTHAMPTON STUDENT DEVELOPMENTS LTD (REGISTERED NUMBER: 11705197)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Southampton Student Developments Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows

Registered number: 11705197

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

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

The principal activity of the company during the year under review was that of letting and operating of own real estate

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.

As with most businesses the company has been impacted by the Coronavirus (Covid 19). This has had an impact on the business operations, clients and service providers. The company is not eligible for the various grants and benefits available from the Government but are taking all the steps necessary to protect the future of the business.

Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.

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.

Taxation
Taxation for the year 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.

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.

SOUTHAMPTON STUDENT DEVELOPMENTS LTD (REGISTERED NUMBER: 11705197)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023


3. EMPLOYEES AND DIRECTORS

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

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax - 259,284

Deferred tax 37,500 -
Tax on profit 37,500 259,284

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 5,250,000
Revaluations 150,000
At 30 November 2023 5,400,000
NET BOOK VALUE
At 30 November 2023 5,400,000
At 30 November 2022 5,250,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 5,400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 51,284 1,018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 234,284 259,284
Other creditors 917,007 1,087,982
Accrued expenses 6,077 6,016
1,157,368 1,353,282

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 3,124,637 2,792,369