Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-292025-05-212023-03-012false1investment companyfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09981792 2023-03-01 2024-02-29 09981792 2022-03-01 2023-02-28 09981792 2024-02-29 09981792 2023-02-28 09981792 c:Director2 2023-03-01 2024-02-29 09981792 d:FreeholdInvestmentProperty 2024-02-29 09981792 d:FreeholdInvestmentProperty 2023-02-28 09981792 d:CurrentFinancialInstruments 2024-02-29 09981792 d:CurrentFinancialInstruments 2023-02-28 09981792 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09981792 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09981792 d:ShareCapital 2024-02-29 09981792 d:ShareCapital 2023-02-28 09981792 d:OtherMiscellaneousReserve 2023-03-01 2024-02-29 09981792 d:OtherMiscellaneousReserve 2024-02-29 09981792 d:OtherMiscellaneousReserve 2023-02-28 09981792 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 09981792 d:RetainedEarningsAccumulatedLosses 2024-02-29 09981792 d:RetainedEarningsAccumulatedLosses 2023-02-28 09981792 c:OrdinaryShareClass1 2023-03-01 2024-02-29 09981792 c:OrdinaryShareClass1 2024-02-29 09981792 c:OrdinaryShareClass1 2023-02-28 09981792 c:FRS102 2023-03-01 2024-02-29 09981792 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09981792 c:FullAccounts 2023-03-01 2024-02-29 09981792 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09981792









ELORY STUDENT ACCOMMODATION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
ELORY STUDENT ACCOMMODATION LIMITED
REGISTERED NUMBER: 09981792

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
9,546,337
9,546,337

  
9,546,337
9,546,337

Current assets
  

Debtors: amounts falling due within one year
 5 
800,231
800,232

  
800,231
800,232

Creditors: amounts falling due within one year
 6 
(3,698,206)
(3,691,023)

Net current liabilities
  
 
 
(2,897,975)
 
 
(2,890,791)

Total assets less current liabilities
  
6,648,362
6,655,546

  

Net assets
  
6,648,362
6,655,546


Capital and reserves
  

Called up share capital 
 7 
100
100

Other reserves
 8 
7,103,300
7,103,300

Profit and loss account
 8 
(455,038)
(447,854)

  
6,648,362
6,655,546


Page 1

 
ELORY STUDENT ACCOMMODATION LIMITED
REGISTERED NUMBER: 09981792
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 May 2025.


M Ashad
Director

Page 2

 
ELORY STUDENT ACCOMMODATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Elory Student Accommodation Limited is a private company limited by shares, incorporated in England and Wales (registered no 09981792) and its registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 3

 
ELORY STUDENT ACCOMMODATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
9,546,337



At 29 February 2024
9,546,337

The 2024 valuations were made on an open market value for existing use basis.








5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
800,231
800,232

800,231
800,232





6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
175,979
175,979

Other creditors
3,511,444
3,511,444

Accruals and deferred income
10,783
3,600

3,698,206
3,691,023



 

Page 4

 
ELORY STUDENT ACCOMMODATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


Reserves

Other reserves

This reserve is used to record increases in fair value of investment properties and decreases to the extent that such decreases relate to the increase on the same asset.

Profit and loss account

This is the distributable reserve represented by the retained profit and loss.


9.


Related party transactions

At 29 February 2024, other creditors included £1,065,581 (2023: £1,065,581) due to the director of the company.

 
Page 5