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REGISTERED NUMBER: 08385591 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 August 2024

for

Student & Affordable Property Limited

Student & Affordable Property Limited (Registered number: 08385591)






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


Student & Affordable Property Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: C A Good
P Gay
H Jackson





REGISTERED OFFICE: The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL





REGISTERED NUMBER: 08385591 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Student & Affordable Property Limited (Registered number: 08385591)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investments 4 102 102

CURRENT ASSETS
Debtors 5 5,318,331 5,275,636
Cash at bank 87,122 131,183
5,405,453 5,406,819
CREDITORS
Amounts falling due within one year 6 5,837,542 5,838,004
NET CURRENT LIABILITIES (432,089 ) (431,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(431,987

)

(431,083

)

CAPITAL AND RESERVES
Called up share capital 7,818 7,818
Retained earnings (439,805 ) (438,901 )
SHAREHOLDERS' FUNDS (431,987 ) (431,083 )

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 19 May 2025 and were signed on its behalf by:





H Jackson - Director


Student & Affordable Property Limited (Registered number: 08385591)

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

1. STATUTORY INFORMATION

Student & Affordable Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

Student & Affordable Property Limited (Registered number: 08385591)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 102
NET BOOK VALUE
At 31 August 2024 102
At 31 August 2023 102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed by group undertakings 5,318,331 5,273,943
Prepayments and accrued income - 1,693
5,318,331 5,275,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other loans 5,829,183 5,829,183
Trade creditors 3,970 2,556
Amounts owed to group undertakings 1 1
Social security and other taxes 4,388 4,389
Accrued expenses - 1,875
5,837,542 5,838,004