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REGISTERED NUMBER: 08572580 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

Student Tribe Limited

Student Tribe Limited (Registered number: 08572580)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Student Tribe Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Ms T Barham
C N F MacInnes





REGISTERED OFFICE: 34-35 Clarges Street
Mayfair
London
W1J 7EJ





REGISTERED NUMBER: 08572580 (England and Wales)





ACCOUNTANTS: Sampson Fielding Ltd
34 - 35 Clarges Street
Mayfair
London
W1J 7EJ

Student Tribe Limited (Registered number: 08572580)

Balance Sheet
31st July 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,615 -
Investment property 5 2,827,701 2,765,000
2,830,316 2,765,000

CURRENT ASSETS
Debtors 6 2,185 1,758
Prepayments and accrued income 2,755 1,492
Cash at bank 22,126 3,397
27,066 6,647
CREDITORS
Amounts falling due within one year 7 331,536 326,013
NET CURRENT LIABILITIES (304,470 ) (319,366 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,525,846 2,445,634

CREDITORS
Amounts falling due after more than one year 8 (1,812,438 ) (1,812,438 )

PROVISIONS FOR LIABILITIES (134,219 ) (134,220 )

ACCRUALS AND DEFERRED INCOME (31,108 ) (6,898 )
NET ASSETS 548,081 492,078

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 402,658 402,658
Retained earnings 145,323 89,320
548,081 492,078

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

Student Tribe Limited (Registered number: 08572580)

Balance Sheet - continued
31st July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th March 2025 and were signed on its behalf by:





C N F MacInnes - Director


Student Tribe Limited (Registered number: 08572580)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Student Tribe Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line method or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'other operating income' in the Income Statement.

Investment property
Investment property is 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. Changes in fair value are recognised through profit or loss.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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.


Student Tribe Limited (Registered number: 08572580)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023 3,935
Additions 2,906
At 31st July 2024 6,841
DEPRECIATION
At 1st August 2023 3,935
Charge for year 291
At 31st July 2024 4,226
NET BOOK VALUE
At 31st July 2024 2,615

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 2,765,000
Additions 62,701
At 31st July 2024 2,827,701
NET BOOK VALUE
At 31st July 2024 2,827,701
At 31st July 2023 2,765,000

Investment property was valued by Student Tribe Management Company Ltd on 30 September 2024. The valuation takes future market rate rental income figures into account.

If investment property had not been revalued it would have been held at historical cost of £2,290,823 (2023 - £2,228,122).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 2,185 1,758

Student Tribe Limited (Registered number: 08572580)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade creditors 7,371 1,191
Taxation and social security 14,147 14,304
Other creditors 310,018 310,518
331,536 326,013

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/08/2431/08/23
£   £   
Creditors: amounts falling due after more than one year, less than five years - -
Creditors: amounts falling due after more than five years1,812,4381,812,438
1,812,4381,812,438

9. SECURED DEBTS

The following secured debts are included within creditors:

31/7/24 31/7/23
£    £   
Mortgages 1,812,438 1,812,438

Each mortgage is secured by a fixed charge over the specific investment property to which it relates.

10. RESERVES
Fair
value
reserve
£   
At 1st August 2023
and 31st July 2024 402,658