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REGISTERED NUMBER: 10001354 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Student Rental Homes Limited

Student Rental Homes Limited (Registered number: 10001354)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Student Rental Homes Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: H S Grewal
Mrs D K Grewal





REGISTERED OFFICE: 10 Garden Road
Burley
Hampshire
BH24 4EA





REGISTERED NUMBER: 10001354 (England and Wales)





ACCOUNTANTS: Freeman Carr
Chartered Certified Accountants
The Gatehouse
2 Devonhurst Place
Heathfield Terrace
Chiswick
London
W4 4JD

Student Rental Homes Limited (Registered number: 10001354)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,549,100 2,549,282
2,549,100 2,549,282

CURRENT ASSETS
Debtors 6 2,917 134,033
Cash at bank 210,893 151,583
213,810 285,616
CREDITORS
Amounts falling due within one year 7 28,525 23,897
NET CURRENT ASSETS 185,285 261,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,734,385

2,811,001

CREDITORS
Amounts falling due after more than one year 8 (1,568,529 ) (1,560,688 )

PROVISIONS FOR LIABILITIES (78,620 ) (78,620 )
NET ASSETS 1,087,236 1,171,693

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 789,100 789,100
Retained earnings 296,136 380,593
1,087,236 1,171,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 14 November 2024 and were signed on its behalf by:



H S Grewal - Director


Student Rental Homes Limited (Registered number: 10001354)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Student Rental Homes Limited 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 is measured at the fair value of the rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like cash and bank balances, trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and 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.

Financial assets and liabilities are offset, and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 Statement of Income and Retained Earnings, 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.

Student Rental Homes Limited (Registered number: 10001354)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 32,150
AMORTISATION
At 1 March 2023
and 29 February 2024 32,150
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Investment machinery
property etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2023 2,545,000 42,134 2,587,134
Additions - 1,974 1,974
At 29 February 2024 2,545,000 44,108 2,589,108
DEPRECIATION
At 1 March 2023 - 37,852 37,852
Charge for year - 2,156 2,156
At 29 February 2024 - 40,008 40,008
NET BOOK VALUE
At 29 February 2024 2,545,000 4,100 2,549,100
At 28 February 2023 2,545,000 4,282 2,549,282

Cost or valuation at 29 February 2024 is represented by:

Plant and
Investment machinery
property etc Totals
£    £    £   
Valuation in 2023 351,576 - 351,576
Cost 2,193,424 44,108 2,237,532
2,545,000 44,108 2,589,108

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 2,917 134,033

Student Rental Homes Limited (Registered number: 10001354)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 12,360 13,096
Other creditors 16,165 10,801
28,525 23,897

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 1,568,529 1,560,688

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,568,529 1,560,688

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £55 owed by Mr and Mrs Grewal, the company directors.
At the beginning of the year Mr and Mrs Grewal owed the company £132,335. During the year advances totalling £136,335 were made and repayments totalling £268,616 were received from both directors. The loans are interest inclusive, unsecured and repayable on demand. The maximum amount outstanding during the year was £55.