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REGISTERED NUMBER: 09498982 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EASTBOURNE STUDENT LETS LTD

EASTBOURNE STUDENT LETS LTD (REGISTERED NUMBER: 09498982)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EASTBOURNE STUDENT LETS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M J Hunt
Mrs C Hunt





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 09498982 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

EASTBOURNE STUDENT LETS LTD (REGISTERED NUMBER: 09498982)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,602 36,044

CURRENT ASSETS
Debtors 5 139,404 158,081
Cash at bank 2,886 17,026
142,290 175,107
CREDITORS
Amounts falling due within one year 6 114,409 175,313
NET CURRENT ASSETS/(LIABILITIES) 27,881 (206 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,483

35,838

CREDITORS
Amounts falling due after more than one year 7 (19,686 ) (28,815 )

PROVISIONS FOR LIABILITIES 8 (5,625 ) (6,849 )
NET ASSETS 32,172 174

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 32,072 74
SHAREHOLDERS' FUNDS 32,172 174

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

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

EASTBOURNE STUDENT LETS LTD (REGISTERED NUMBER: 09498982)

STATEMENT OF FINANCIAL POSITION - 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 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 22 January 2025 and were signed on its behalf by:





Mr M J Hunt - Director


EASTBOURNE STUDENT LETS LTD (REGISTERED NUMBER: 09498982)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Eastbourne Student Lets 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.

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.

TURNOVER
Turnover represents rental income which is recognised on an accruals basis.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

EASTBOURNE STUDENT LETS LTD (REGISTERED NUMBER: 09498982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 17,490 35,511 2,846 55,847
Additions - - 958 958
At 31 March 2024 17,490 35,511 3,804 56,805
Depreciation
At 1 April 2023 9,406 8,394 2,003 19,803
Charge for year 1,616 5,424 360 7,400
At 31 March 2024 11,022 13,818 2,363 27,203
Net book value
At 31 March 2024 6,468 21,693 1,441 29,602
At 31 March 2023 8,084 27,117 843 36,044

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 April 2023
and 31 March 2024 122,018
Depreciation
At 1 April 2023 7,274
Charge for year 5,364
At 31 March 2024 12,638
Net book value
At 31 March 2024 109,380
At 31 March 2023 114,744

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 139,404 158,081

EASTBOURNE STUDENT LETS LTD (REGISTERED NUMBER: 09498982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 22,738 30,089
Other creditors 91,671 145,224
114,409 175,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2,924
Hire purchase contracts 19,686 25,891
19,686 28,815

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 5,625 6,849

Deferred
tax
£   
Balance at 1 April 2023 6,849
Credit to Statement of Income and Retained Earnings during year (1,224 )
Balance at 31 March 2024 5,625

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
95 Ordinary A £1 95 95
5 Ordinary B £1 5 5
100 100