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Company Registration No. 08670718 (England and Wales)
Student House Gillingham Limited Unaudited accounts for the year ended 31 July 2024
Student House Gillingham Limited Unaudited accounts Contents
Page
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Student House Gillingham Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,057 
6,447 
Investment property
1,539,183 
1,276,173 
1,544,240 
1,282,620 
Current assets
Debtors
(135)
4,494 
Cash at bank and in hand
6,991 
3,100 
6,856 
7,594 
Creditors: amounts falling due within one year
(11,078)
(91,635)
Net current liabilities
(4,222)
(84,041)
Total assets less current liabilities
1,540,018 
1,198,579 
Creditors: amounts falling due after more than one year
(1,143,119)
(838,684)
Provisions for liabilities
Deferred tax
(33,808)
(33,808)
Net assets
363,091 
326,087 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
144,127 
144,127 
Profit and loss account
218,963 
181,959 
Shareholders' funds
363,091 
326,087 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
Craig Sullivan Director Company Registration No. 08670718
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Student House Gillingham Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Student House Gillingham Limited is a private company, limited by shares, registered in England and Wales, registration number 08670718. The registered office is 85 Baden Road, Gillingham, ME7 1QZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Student House Gillingham Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
3,596 
1,495 
6,543 
8,286 
19,920 
At 31 July 2024
3,596 
1,495 
6,543 
8,286 
19,920 
Depreciation
At 1 August 2023
1,826 
1,369 
3,954 
6,324 
13,473 
Charge for the year
354 
126 
518 
392 
1,390 
At 31 July 2024
2,180 
1,495 
4,472 
6,716 
14,863 
Net book value
At 31 July 2024
1,416 
- 
2,071 
1,570 
5,057 
At 31 July 2023
1,770 
126 
2,589 
1,962 
6,447 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
1,276,173 
Additions
263,010 
At 31 July 2024
1,539,183 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
192 
4,457 
Other debtors
(327)
37 
(135)
4,494 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
269 
563 
Taxes and social security
10,809 
17,556 
Loans from directors
- 
73,516 
11,078 
91,635 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,008,989 
838,684 
Loans from directors
134,130 
- 
1,143,119 
838,684 
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Student House Gillingham Limited Notes to the Accounts for the year ended 31 July 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 0 (2023: 2).
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