IRIS Accounts Production v24.3.2.46 08426304 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084263042023-07-31084263042024-07-31084263042023-08-012024-07-31084263042022-07-31084263042022-08-012023-07-31084263042023-07-3108426304ns15:EnglandWales2023-08-012024-07-3108426304ns14:PoundSterling2023-08-012024-07-3108426304ns10:Director12023-08-012024-07-3108426304ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108426304ns10:SmallEntities2023-08-012024-07-3108426304ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108426304ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108426304ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108426304ns10:AbridgedAccounts2023-08-012024-07-3108426304ns10:RegisteredOffice2023-08-012024-07-3108426304ns5:CurrentFinancialInstruments2024-07-3108426304ns5:CurrentFinancialInstruments2023-07-3108426304ns5:Non-currentFinancialInstruments2024-07-3108426304ns5:Non-currentFinancialInstruments2023-07-3108426304ns5:ShareCapital2024-07-3108426304ns5:ShareCapital2023-07-3108426304ns5:FurtherSpecificReserve3ComponentTotalEquity2024-07-3108426304ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3108426304ns5:RetainedEarningsAccumulatedLosses2024-07-3108426304ns5:RetainedEarningsAccumulatedLosses2023-07-3108426304ns5:ComputerEquipment2023-08-012024-07-3108426304ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-31
REGISTERED NUMBER: 08426304 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

GLOUCESTERSHIRE STUDENT ACCOMMODATION
LIMITED

GLOUCESTERSHIRE STUDENT ACCOMMODATION
LIMITED (REGISTERED NUMBER: 08426304)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GLOUCESTERSHIRE STUDENT ACCOMMODATION
LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTOR: Mrs H C Clarke





REGISTERED OFFICE: 15 Commercial Road
Gloucester
Gloucestershire
GL1 2DY





REGISTERED NUMBER: 08426304 (England and Wales)






GLOUCESTERSHIRE STUDENT ACCOMMODATION
LIMITED (REGISTERED NUMBER: 08426304)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 363 897
Investment property 5 1,697,332 1,697,332
1,697,695 1,698,229

CURRENT ASSETS
Debtors 1,428 84,805
Cash at bank 1,430 3,844
2,858 88,649
CREDITORS
Amounts falling due within one year 34,942 224,759
NET CURRENT LIABILITIES (32,084 ) (136,110 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,665,611

1,562,119

CREDITORS
Amounts falling due after more than one
year

6

(1,018,387

)

(944,029

)

PROVISIONS FOR LIABILITIES (117,407 ) (117,407 )
NET ASSETS 529,817 500,683

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 351,549 351,549
Retained earnings 177,268 148,134
529,817 500,683

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

GLOUCESTERSHIRE STUDENT ACCOMMODATION
LIMITED (REGISTERED NUMBER: 08426304)

ABRIDGED BALANCE SHEET - continued
31 July 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 Balance Sheet for the year ended 31 July 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 director and authorised for issue on 25 February 2025 and were signed by:





Mrs H C Clarke - Director


GLOUCESTERSHIRE STUDENT ACCOMMODATION
LIMITED (REGISTERED NUMBER: 08426304)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Gloucestershire Student Accommodation 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.

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 as modified by the revaluation of certain assets.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on reducing balance

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in the fair value is recongnised in the Statement of Income.

The director has determined the fair value of the investment properties based on current market rents and investment yields for comparable properties, adjusted if necessary for any difference in the nature, location and condition of the specific asset. No depreciation is provided.

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.

GLOUCESTERSHIRE STUDENT ACCOMMODATION
LIMITED (REGISTERED NUMBER: 08426304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 2,170
DEPRECIATION
At 1 August 2023 1,273
Charge for year 534
At 31 July 2024 1,807
NET BOOK VALUE
At 31 July 2024 363
At 31 July 2023 897

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 1,697,332
NET BOOK VALUE
At 31 July 2024 1,697,332
At 31 July 2023 1,697,332

The investment property valuations were made by the director in line with the accounting policy.

Cost or valuation at 31 July 2024 is represented by:
£   
Valuation in 2023 468,732
Cost 1,228,600
1,697,332

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans 1,018,387 944,029

GLOUCESTERSHIRE STUDENT ACCOMMODATION
LIMITED (REGISTERED NUMBER: 08426304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,018,387 944,029

The bank loans are secured by legal charge over the specific investment property asset concerned.

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 351,549

9. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.