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REGISTERED NUMBER: 11339390 (England and Wales)















STUDENT VAULT MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024






STUDENT VAULT MANAGEMENT LTD (REGISTERED NUMBER: 11339390)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STUDENT VAULT MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: V K Patel





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 11339390 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

STUDENT VAULT MANAGEMENT LTD (REGISTERED NUMBER: 11339390)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 750,000 5,371,369
Debtors 4 214,327 56,718
Cash at bank 35,097 39
999,424 5,428,126
CREDITORS
Amounts falling due within one year 5 1,584,127 1,606,337
NET CURRENT (LIABILITIES)/ASSETS (584,703 ) 3,821,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

(584,703

)

3,821,789

CREDITORS
Amounts falling due after more than one year 6 678,405 4,576,704
NET LIABILITIES (1,263,108 ) (754,915 )

CAPITAL AND RESERVES
Called up share capital 8 340 340
Share premium 9 239,760 239,760
Retained earnings 9 (1,503,208 ) (995,015 )
SHAREHOLDERS' FUNDS (1,263,108 ) (754,915 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 May 2025 and were signed by:





V K Patel - Director


STUDENT VAULT MANAGEMENT LTD (REGISTERED NUMBER: 11339390)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Student Vault Management Ltd 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

Going concern
The Financial Statements have been prepared on a going concern basis, as the director has confirmed that funds will continue to be made available for the company to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that may result from the withdrawal of this support and the director is of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.

3. EMPLOYEES AND DIRECTORS

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

STUDENT VAULT MANAGEMENT LTD (REGISTERED NUMBER: 11339390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,974 -
Amounts owed by associates 6,600 8,687
Other debtors 90,753 48,031
214,327 56,718

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 370,337 527,673
Amounts owed to associates 74,738 65,775
Taxation and social security 1,262 -
Other creditors 1,137,790 1,012,889
1,584,127 1,606,337

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 221,555 359,075
Other creditors 456,850 4,217,629
678,405 4,576,704

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other Loans - 3,707,379

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100
204 Redeemable Ordinary B £1 240 240
340 340

The Ordinary A Shareholders have the right to vote, entitlement to dividends and capital distribution. The Redeemable Ordinary B Shareholders have the right to receive notice of and attend meetings but not a right to vote at any General Meeting. Each shareholder has a right to dividends and distributions as determined by the Directors. Each Redeemable Ordinary B share is Redeemable at the discretion of the Directors by notice in writing to the shareholders.

STUDENT VAULT MANAGEMENT LTD (REGISTERED NUMBER: 11339390)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 June 2023 (995,015 ) 239,760 (755,255 )
Deficit for the year (508,193 ) (508,193 )
At 31 May 2024 (1,503,208 ) 239,760 (1,263,448 )

10. RELATED PARTY DISCLOSURES

At the year-end date, included within debtors is an amount of £6,600 (2023: £8,687) owed from related entities in which the Director V Patel has beneficial interest.

At the year-end date, included within debtors is an amount of £3,739 (2023: £NIL) owed from the Director V Patel.

At the year-end date, included within creditors, amounts falling due within one year is £74,738 (2023: £65,775) owed to related entities in which V Patel has beneficial interest.

At the year-end date, included within creditors, amounts falling due after more than one year is £221,555 (2023: £359,075) owed to related entities in which V Patel has beneficial interest.

These amounts are unsecured, interest free and payable or repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is V K Patel.