REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
BREP STUDENT LTD |
PREVIOUSLY KNOWN AS |
BASECAMP REAL ESTATE PARTNERS LTD |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 December 2023 |
for |
BREP STUDENT LTD |
PREVIOUSLY KNOWN AS |
BASECAMP REAL ESTATE PARTNERS LTD |
BREP STUDENT LTD (REGISTERED NUMBER: 10629441) |
PREVIOUSLY KNOWN AS BASECAMP REAL ESTATE PARTNERS LTD |
Contents of the Financial Statements |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BREP STUDENT LTD |
PREVIOUSLY KNOWN AS BASECAMP REAL ESTATE PARTNERS LTD |
Company Information |
for the year ended 31 December 2023 |
Director: |
Registered office: |
Registered number: |
Auditors: |
Statutory Auditor |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
BREP STUDENT LTD (REGISTERED NUMBER: 10629441) |
PREVIOUSLY KNOWN AS BASECAMP REAL ESTATE PARTNERS LTD |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | 8 |
Shareholders' funds |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
BREP STUDENT LTD (REGISTERED NUMBER: 10629441) |
PREVIOUSLY KNOWN AS BASECAMP REAL ESTATE PARTNERS LTD |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | Statutory information |
BREP Student Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Going Concern |
The financial statements have been prepared on a going concern basis. The Directors have reviewed and |
considered relevant information, including the annual budget and future cash flows in making their assessment. |
Key source of estimation, uncertainty and judgement |
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. |
Turnover |
Turnover is derived from the company's principal activity, being construction and management charges on the establishment of student accommodation. |
Turnover represents amounts receivables for goods and services provided in the normal course of business net of any discounts, value added tax and other sales-related taxes. The majority of revenue is earned from the European subsidiaries. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Computer equipment - 33.33% on reducing balance |
Computer software - 25% on reducing balance |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
Derivatives are measued at fair value at each reporting date, with the change in fair value being recognised in the profit and loss. |
BREP STUDENT LTD (REGISTERED NUMBER: 10629441) |
PREVIOUSLY KNOWN AS BASECAMP REAL ESTATE PARTNERS LTD |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
4. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 January 2023 |
and 31 December 2023 |
Depreciation |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Tax |
VAT |
Prepayments |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
Accrued expenses |
BREP STUDENT LTD (REGISTERED NUMBER: 10629441) |
PREVIOUSLY KNOWN AS BASECAMP REAL ESTATE PARTNERS LTD |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
8. | Reserves |
Retained |
earnings |
£ |
At 1 January 2023 |
Profit for the year |
At 31 December 2023 |
9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | Related party disclosures |
The company is a wholly owned subsidiary of BCG Student Ltd (formerly known as BaseCamp Group Ltd), a company registered at Limetree Farm, Badgemore, Henley-On-Thames, England, RG9 4NX |