REGISTERED NUMBER: 10901565 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Gloucester Student Houses Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Miss L J Coles

M L Coles

REGISTERED OFFICE:

September Lodge

Two Mile Lane

Highnam

Gloucester

GL2 8DW

REGISTERED NUMBER:

10901565 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

FIXED ASSETS

Tangible assets

4

1,043

1,282

CURRENT ASSETS

Debtors

5

6,833

3,428

Cash at bank

28,380

13,992

35,213

17,420

CREDITORS

Amounts falling due within one year

6

20,484

14,567

NET CURRENT ASSETS

14,729

2,853

TOTAL ASSETS LESS CURRENT LIABILITIES

15,772

4,135

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

15,672

4,035

SHAREHOLDERS' FUNDS

15,772

4,135

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

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

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 28 March 2025 and were signed on its behalf by:

M L Coles - Director

1.	STATUTORY INFORMATION

Gloucester Student Houses 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.

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.

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current 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 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

Cost

At 1 September 2023

1,969

5,288

7,257

Additions

42

349

391

At 31 August 2024

2,011

5,637

7,648

Depreciation

At 1 September 2023

1,645

4,330

5,975

Charge for year

135

495

630

At 31 August 2024

1,780

4,825

6,605

Net book value

At 31 August 2024

231

812

1,043

At 31 August 2023

324

958

1,282

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/24

31/8/23

£

£

Trade debtors

1,715

2,515

Amounts owed by group undertakings

3,937

-

Other debtors

1,181

913

6,833

3,428

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/24

31/8/23

£

£

Taxation and social security

12,276

8,859

Other creditors

8,208

5,708

20,484

14,567

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31/8/24

31/8/23

£

£

M L Coles

Balance outstanding at start of year

-

7,500

Amounts repaid

-

(7,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loan to the director, shown in 'Other Debtors', is interest free and is now repaid.

8.	RELATED PARTY DISCLOSURES

Gloucester Student Houses (Holdings) Ltd

Parent Company

On 10 May 2023 all shares in the company were transferred to the above parent company. At 31 August 2024, this company owed £3,937 (2023 - £Nil). All transactions were on an arms length basis and the unsecured loan, included within other creditors, attracts no interest and has no fixed repayment terms.

M Coles

Director

At 31 August 2024 the company owed the director £1,392 (2023 - £879). The unsecured loan, included within other creditors, attracts no interest and has no fixed repayment terms.

M & H Coles

Shareholders

At 31 August 2024 the company owed the shareholders £4,900 (2023 - £2,900). The unsecured loan, included within other creditors, attracts no interest and has no fixed repayment terms.