Fixed assets represent the historical cost of investment properties. There were further property acquisitions of £653,360 in the period. The director estimates the current market value of the properties to be in the region of £6.4m
Current assets represent amounts held in bank accounts that relate to Student Spaces Birmingham Limited.
Creditors due within one year of £76,034 are made up of bank overdraft balances of £1,216, corporation tax of £20,710 and tenants deposits held of £54,108.
Creditors due more than one year of £5,199,922 are made up of property mortgage balances of £4,345,971 (this includes additional mortgages taken out in the current period and further advances taken out in the prior periods but corrected in this period) and directors loan account balance of £853,951.
The capital and reserves b/fwd. were £204,698, retained profits for the period were £71,590 and dividends payable of £1,000 to get retained profits c/fwd. of £275,288.