IRIS Accounts Production v25.1.0.734 09733167 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model 345 345 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097331672023-08-31097331672024-08-31097331672023-09-012024-08-31097331672022-08-31097331672022-09-012023-08-31097331672023-08-3109733167ns14:PoundSterling2023-09-012024-08-3109733167ns10:Director12023-09-012024-08-3109733167ns10:Director22023-09-012024-08-3109733167ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3109733167ns10:SmallEntities2023-09-012024-08-3109733167ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3109733167ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3109733167ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109733167ns10:FullAccounts2023-09-012024-08-3109733167ns10:Director1412022-08-3109733167ns10:Director1412022-09-012023-08-3109733167ns10:RegisteredOffice2023-09-012024-08-3109733167ns5:CurrentFinancialInstruments2024-08-3109733167ns5:CurrentFinancialInstruments2023-08-3109733167ns5:Non-currentFinancialInstruments2024-08-3109733167ns5:Non-currentFinancialInstruments2023-08-3109733167ns5:ShareCapital2024-08-3109733167ns5:ShareCapital2023-08-3109733167ns5:RetainedEarningsAccumulatedLosses2024-08-3109733167ns5:RetainedEarningsAccumulatedLosses2023-08-3109733167ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3109733167ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3109733167ns10:Director222023-08-3109733167ns10:Director222022-08-3109733167ns10:Director222023-09-012024-08-3109733167ns10:Director222022-09-012023-08-3109733167ns10:Director222024-08-3109733167ns10:Director222023-08-31
















Innovation Student Property Ltd

Unaudited Financial Statements for the Year Ended 31 August 2024






Innovation Student Property Ltd (Registered number: 09733167)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Innovation Student Property Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S M H Topple
P P George





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 09733167





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Innovation Student Property Ltd (Registered number: 09733167)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 429,086 297,365

CURRENT ASSETS
Debtors 5 3,850 1,726
Cash at bank 8,338 14,415
12,188 16,141
CREDITORS
Amounts falling due within one year 6 100,313 71,893
NET CURRENT LIABILITIES (88,125 ) (55,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,961

241,613

CREDITORS
Amounts falling due after more than one
year

7

334,944

241,267
NET ASSETS 6,017 346

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,917 246
SHAREHOLDERS' FUNDS 6,017 346

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 1 May 2025 and were signed on its behalf by:




P P George - Director



S M H Topple - Director


Innovation Student Property Ltd (Registered number: 09733167)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Innovation Student Property Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover represents rent received.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 297,365
Additions 131,721
At 31 August 2024 429,086
NET BOOK VALUE
At 31 August 2024 429,086
At 31 August 2023 297,365

Investment properties were valued using market data by the director on 31/08/2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 696
Other debtors 3,850 1,030
3,850 1,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 2,071 3,847
Amounts owed to group undertakings 32,456 6,712
Taxation and social security 1,330 35
Other creditors 58,456 55,299
100,313 71,893

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 334,944 241,267

Innovation Student Property Ltd (Registered number: 09733167)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 316,034 218,025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
S M H Topple and P P George
Balance outstanding at start of year - 345
Amounts repaid - (345 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate controlling party.