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REGISTERED NUMBER: 03188532 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

1ST 4 STUDENTS LTD

1ST 4 STUDENTS LTD (REGISTERED NUMBER: 03188532)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


1ST 4 STUDENTS LTD

COMPANY INFORMATION
for the year ended 30 JUNE 2024







DIRECTORS: J P Lomas
J S Wabe
Mrs M J Lomas
Dr R Wabe



SECRETARY: Mrs M J Lomas



REGISTERED OFFICE: Brounkers House
Lower Road
Erlestoke
Devizes
Wiltshire
SN10 5UE



REGISTERED NUMBER: 03188532 (England and Wales)



ACCOUNTANTS: Graham Barber Accountancy Limited
18 Minster Way
Bath
BA2 6RH



BANKERS: HSBC Bank plc
Grosvenor Court
Whiteladies Road
Bristol
BS8 2RR

1ST 4 STUDENTS LTD (REGISTERED NUMBER: 03188532)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,700,000 1,700,000
1,700,000 1,700,000

CURRENT ASSETS
Debtors 283 448
Cash at bank 18,256 19,072
18,539 19,520
CREDITORS
Amounts falling due within one year (248,899 ) (262,494 )
NET CURRENT LIABILITIES (230,360 ) (242,974 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,469,640

1,457,026

PROVISIONS FOR LIABILITIES (174,500 ) (174,500 )
NET ASSETS 1,295,140 1,282,526

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 1,000,121 1,000,121
Retained earnings 294,919 282,305
SHAREHOLDERS' FUNDS 1,295,140 1,282,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

1ST 4 STUDENTS LTD (REGISTERED NUMBER: 03188532)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:




J P Lomas - Director



J S Wabe - Director


1ST 4 STUDENTS LTD (REGISTERED NUMBER: 03188532)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 JUNE 2024

1. STATUTORY INFORMATION

1st 4 Students 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation, with annual valuations carried out based on current market conditions. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Provision is made for deferred tax on valuation surpluses. The net revaluation surplus transferred to a separate non-distributable fair value reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

1ST 4 STUDENTS LTD (REGISTERED NUMBER: 03188532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 18,175
DEPRECIATION
At 1 July 2023
and 30 June 2024 18,175
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,700,000
NET BOOK VALUE
At 30 June 2024 1,700,000
At 30 June 2023 1,700,000

6. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 1,000,121

7. RELATED PARTY DISCLOSURES

Amounts owed to the directors at 30 June 2024 were £239,173 (2023 £252,907). The loans are repayable on demand and carry a commercial rate of interest.