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REGISTERED NUMBER: OC441734 (England and Wales)
























REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 8 APRIL 2024

FOR

SAFE STUDENT LETS LIMITED LLP

SAFE STUDENT LETS LIMITED LLP (REGISTERED NUMBER: OC441734)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 April 2023 to 8 April 2024










Page

General Information 1

Report of the Members 2

Accountants' Report 3

Income Statement 4

Balance Sheet 5

Reconciliation of Members' Interests 7

Notes to the Financial Statements 9


SAFE STUDENT LETS LIMITED LLP

GENERAL INFORMATION
For The Period 1 April 2023 to 8 April 2024







DESIGNATED MEMBERS: Mr S Ackroyd
Mrs L J Ackroyd
Mrs J J Tucker





REGISTERED OFFICE: 123 East Parade
Heworth
York
YO31 7YD





REGISTERED NUMBER: OC441734 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

SAFE STUDENT LETS LIMITED LLP (REGISTERED NUMBER: OC441734)

REPORT OF THE MEMBERS
For The Period 1 April 2023 to 8 April 2024


The members present their report with the financial statements of the LLP for the period 1 April 2023 to 8 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of property rental.

DESIGNATED MEMBERS
The designated members during the period under review were:

Mr S Ackroyd
Mrs L J Ackroyd
Mrs J J Tucker

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £113,833 (2023 - £83,959 profit).

MEMBERS' INTERESTS

STATEMENT OF MEMBERS' RESPONSIBILITIES
The members are responsible for preparing the Report of the Members and the financial statements in accordance with applicable law and regulations.

Legislation applicable to limited liability partnerships requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under legislation applicable to limited liability partnerships the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the LLP and of the profit or loss of the LLP for that period. In preparing these financial statements, the members are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the LLP will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the LLP's transactions and disclose with reasonable accuracy at any time the financial position of the LLP and enable them to ensure that the financial statements comply with the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. They are also responsible for safeguarding the assets of the LLP and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The members are responsible for the maintenance and integrity of the corporate and financial information included on the LLP's website.

ON BEHALF OF THE MEMBERS:





Mr S Ackroyd - Designated member


7 January 2025

ACCOUNTANTS' REPORT TO THE MEMBERS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SAFE STUDENT LETS LIMITED LLP



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Members of the LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the LLP and state those matters that we have agreed to state to the members of the LLP, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that the LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the LLP. You consider that the LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA


7 January 2025

SAFE STUDENT LETS LIMITED LLP (REGISTERED NUMBER: OC441734)

INCOME STATEMENT
For The Period 1 April 2023 to 8 April 2024

Period Period
1.4.23 30.3.22
to to
8.4.24 31.3.23
Notes £    £   

TURNOVER 169,220 126,070

Cost of sales 16,567 15,377
GROSS PROFIT 152,653 110,693

Administrative expenses 38,820 26,734
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL PERIOD BEFORE
MEMBERS' REMUNERATION AND PROFIT
SHARES AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS



113,833



83,959

SAFE STUDENT LETS LIMITED LLP (REGISTERED NUMBER: OC441734)

BALANCE SHEET
8 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 456 608
Investment property 6 1,520,000 1,520,000
1,520,456 1,520,608

CURRENT ASSETS
Debtors 7 2,565 180
Cash at bank 87,603 80,031
90,168 80,211
CREDITORS
Amounts falling due within one year 8 24,853 1,440
NET CURRENT ASSETS 65,315 78,771
TOTAL ASSETS LESS CURRENT LIABILITIES 1,585,771 1,599,379

CREDITORS
Amounts falling due after more than
one year

9

1,520,000

1,520,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 65,771 79,379

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

65,771

79,379

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 65,771 79,379

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 8 April 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

SAFE STUDENT LETS LIMITED LLP (REGISTERED NUMBER: OC441734)

BALANCE SHEET - continued
8 April 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 7 January 2025 and were signed by:




Mr S Ackroyd - Designated member




Mrs L J Ackroyd - Designated member


SAFE STUDENT LETS LIMITED LLP (REGISTERED NUMBER: OC441734)

RECONCILIATION OF MEMBERS' INTERESTS
For The Period 1 April 2023 to 8 April 2024


EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members 79,379
Amount due from members -
Balance at 1 April 2023 - 79,379 79,379
Profit for the financial period
available for discretionary
division among members


113,833


-


113,833


Members' interests after profit
for the period

113,833

79,379

193,212

Other divisions of profit (113,833 ) 113,833 -
Drawings on account and
distributions of profit

-

(127,441

)

(127,441

)

Amount due to members 65,771
Amount due from members -
Balance at 8 April 2024 - 65,771 65,771

SAFE STUDENT LETS LIMITED LLP (REGISTERED NUMBER: OC441734)

RECONCILIATION OF MEMBERS' INTERESTS
For The Period 1 April 2023 to 8 April 2024

EQUITY DEBT TOTAL
Members' Loans and other debts due to MEMBERS'
other members less any amounts due INTERESTS
interests from members in debtors

Other Other
reserves amounts Total
£    £    £   
Amount due to members -
Amount due from members -
Balance at 30 March 2022 - - -
Profit for the financial period
available for discretionary
division among members


83,959


-


83,959


Members' interests after profit
for the period

83,959

-

83,959

Other divisions of profit (83,959 ) 83,959 -
Introduced by members - 5,811 5,811
Drawings on account and
distributions of profit

-

(10,391

)

(10,391

)

Amount due to members 79,379
Amount due from members -
Balance at 31 March 2023 - 79,379 79,379

SAFE STUDENT LETS LIMITED LLP (REGISTERED NUMBER: OC441734)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 April 2023 to 8 April 2024


1. STATUTORY INFORMATION

Safe Student Lets Limited LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of rental income received or receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. OPERATING PROFIT

The operating profit is stated after charging:

Period Period
1.4.23 30.3.22
to to
8.4.24 31.3.23
£    £   
Depreciation - owned assets 152 203

SAFE STUDENT LETS LIMITED LLP (REGISTERED NUMBER: OC441734)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 April 2023 to 8 April 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 8 April 2024 811
DEPRECIATION
At 1 April 2023 203
Charge for period 152
At 8 April 2024 355
NET BOOK VALUE
At 8 April 2024 456
At 31 March 2023 608

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 8 April 2024 1,520,000
NET BOOK VALUE
At 8 April 2024 1,520,000
At 31 March 2023 1,520,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,565 180

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 24,853 1,440

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,520,000 1,520,000

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Members' capital ranks after other creditors on a winding up.