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Holloway Student Homes Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11118940
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 508,078 508,078
508,078 508,078
CURRENT ASSETS
Debtors 5 138 33
Cash at bank and in hand 3,439 9,073
3,577 9,106
Creditors: Amounts Falling Due Within One Year 6 (4,664 ) (7,062 )
NET CURRENT ASSETS (LIABILITIES) (1,087 ) 2,044
TOTAL ASSETS LESS CURRENT LIABILITIES 506,991 510,122
Creditors: Amounts Falling Due After More Than One Year 7 (517,077 ) (515,668 )
NET LIABILITIES (10,086 ) (5,546 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (10,186 ) (5,646 )
SHAREHOLDERS' FUNDS (10,086) (5,546)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
D J Boorman
Director
2 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Holloway Student Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11118940 . The registered office is 40 De Vere Road, Earls Colne, Colchester, Essex, CO6 2NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.  Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rental Income
Turnover represents rental income achieved in the year.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Trade and other receivables
Trade and other receivables are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.
2.5. Trade and other payables
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 508,078
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 138 33
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 720 -
Other creditors 3,944 7,062
4,664 7,062
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 355,577 356,168
Other creditors 161,500 159,500
517,077 515,668
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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