mystudentpad Limited 7648649 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is holding investment properties Digita Accounts Production Advanced 6.30.9574.0 true 7648649 2023-06-01 2024-05-31 7648649 2024-05-31 7648649 bus:OrdinaryShareClass1 2024-05-31 7648649 core:RetainedEarningsAccumulatedLosses 2024-05-31 7648649 core:ShareCapital 2024-05-31 7648649 core:CurrentFinancialInstruments 2024-05-31 7648649 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 7648649 bus:SmallEntities 2023-06-01 2024-05-31 7648649 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 7648649 bus:FilletedAccounts 2023-06-01 2024-05-31 7648649 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 7648649 bus:RegisteredOffice 2023-06-01 2024-05-31 7648649 bus:CompanySecretaryDirector1 2023-06-01 2024-05-31 7648649 bus:Director1 2023-06-01 2024-05-31 7648649 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 7648649 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 7648649 bus:Agent1 2023-06-01 2024-05-31 7648649 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 7648649 core:InvestmentPropertyIncludedWithinPPE 2023-06-01 2024-05-31 7648649 countries:EnglandWales 2023-06-01 2024-05-31 7648649 2022-06-01 2023-05-31 7648649 2023-05-31 7648649 bus:OrdinaryShareClass1 2023-05-31 7648649 core:RetainedEarningsAccumulatedLosses 2023-05-31 7648649 core:ShareCapital 2023-05-31 7648649 core:CurrentFinancialInstruments 2023-05-31 7648649 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 7648649

mystudentpad Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

mystudentpad Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

mystudentpad Limited

Company Information

Directors

Mr DS Clare

Mrs L A Clare

Company secretary

Mrs L A Clare

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
mystudentpad Limited
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of mystudentpad Limited for the year ended 31 May 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of mystudentpad Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of mystudentpad Limited and state those matters that we have agreed to state to the Board of Directors of mystudentpad Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than mystudentpad Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that mystudentpad Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of mystudentpad Limited. You consider that mystudentpad Limited 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 accounts of mystudentpad Limited. 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 accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

27 January 2025

 

mystudentpad Limited

(Registration number: 7648649)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

82,528

83,812

Cash at bank and in hand

 

12

12

 

82,540

83,824

Creditors: Amounts falling due within one year

6

(2,785)

(2,384)

Net assets

 

79,755

81,440

Capital and reserves

 

Called up share capital

7

102

102

Retained earnings

79,653

81,338

Shareholders' funds

 

79,755

81,440

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 

.........................................
Mr DS Clare
Director

 

mystudentpad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

These financial statements were authorised for issue by the Board on 22 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

mystudentpad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and fittings

25% reducing balance basis

Investment property

NIL

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

mystudentpad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 31 May 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

82,528

83,812

 

82,528

83,812

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,185

1,784

Accruals and deferred income

600

600

2,785

2,384

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100