2 2 Student Units Limited 05564696 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of the letting and operating of real estate. Digita Accounts Production Advanced 6.30.9574.0 05564696 2023-10-01 2024-09-30 05564696 2024-09-30 05564696 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 05564696 core:AllSubsidiaries 2024-09-30 05564696 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-09-30 05564696 bus:SmallEntities 2023-10-01 2024-09-30 05564696 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05564696 bus:FilletedAccounts 2023-10-01 2024-09-30 05564696 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05564696 bus:RegisteredOffice 2023-10-01 2024-09-30 05564696 bus:Director1 2023-10-01 2024-09-30 05564696 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05564696 core:AllSubsidiaries 2023-10-01 2024-09-30 05564696 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-10-01 2024-09-30 05564696 countries:EnglandWales 2023-10-01 2024-09-30 05564696 2023-09-30 05564696 core:AllSubsidiaries 2023-09-30 05564696 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-09-30 05564696 2022-10-01 2023-09-30 05564696 2023-09-30 05564696 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 05564696 core:AllSubsidiaries 2023-09-30 05564696 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-09-30 05564696 core:AllSubsidiaries 2022-10-01 2023-09-30 05564696 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-10-01 2023-09-30 05564696 2022-09-30 05564696 core:AllSubsidiaries 2022-09-30 05564696 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-09-30 xbrli:pure iso4217:GBP

Registration number: 05564696

Student Units Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Student Units Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Student Units Limited

(Registration number: 05564696)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

153,017

153,017

Current assets

 

Cash at bank and in hand

 

4,318

21,419

Creditors: Amounts falling due within one year

5

(232,950)

(248,507)

Net current liabilities

 

(228,632)

(227,088)

Net liabilities

 

(75,615)

(74,071)

Capital and reserves

 

Called up share capital

3

3

Profit and loss account

(75,618)

(74,074)

Shareholders' deficit

 

(75,615)

(74,071)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 28 May 2025 and signed on its behalf by:
 


Mr J Hockin
Director

 

Student Units Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bucklands House
256 Fort Austin Avenue
Crownhill
Plymouth
Devon
PL6 5SS

Principal activity

The principal activity of the company is that of the letting and operating of real estate.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Student Units Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investments

2024
£

2023
£

Shares in group undertaking and participating interests

153,017

153,017

Student Units Limited own 100% of the ordinary shares of Romdale Properties Limited.

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

230,495

246,013

Other creditors

 

2,455

2,494

 

232,950

248,507

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Student Units Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

7

Related party transactions

Summary of transactions with all entities with joint control or significant interest

Citylease Limited

Summary of transactions with subsidiaries

Romdale Properties Limited

Loans to related parties

2024

Entities with joint control or significant influence
£

Subsidiary
£

Total
£

At start of period

36,399

210,358

246,757

Advanced

-

13,738

13,738

Repaid

(25,000)

(5,000)

(30,000)

At end of period

11,399

219,096

230,495

2023

Entities with joint control or significant influence
£

Subsidiary
£

Total
£

At start of period

36,399

195,876

232,275

Advanced

-

14,482

14,482

At end of period

36,399

210,358

246,757