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
Student House Gillingham Limited
Statement of financial position
as at 31 July 2024
Tangible assets
5,057
6,447
Investment property
1,539,183
1,276,173
Cash at bank and in hand
6,991
3,100
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
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
Student House Gillingham Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
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
Fair value at 1 August 2023
1,276,173
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
10,809
17,556
Loans from directors
-
73,516
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,008,989
838,684
Loans from directors
134,130
-
Student House Gillingham Limited
Notes to the Accounts
for the year ended 31 July 2024
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).