Student Beehive Limited 11570152 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true true 11570152 2023-09-01 2024-08-31 11570152 2024-08-31 11570152 core:CurrentFinancialInstruments 2024-08-31 11570152 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 11570152 core:Non-currentFinancialInstruments 2024-08-31 11570152 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 11570152 bus:SmallEntities 2023-09-01 2024-08-31 11570152 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11570152 bus:FilletedAccounts 2023-09-01 2024-08-31 11570152 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11570152 bus:RegisteredOffice 2023-09-01 2024-08-31 11570152 bus:Director1 2023-09-01 2024-08-31 11570152 bus:Director2 2023-09-01 2024-08-31 11570152 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11570152 core:RevaluationReserve core:LandBuildings 2023-09-01 2024-08-31 11570152 core:LandBuildings 2023-09-01 2024-08-31 11570152 1 2023-09-01 2024-08-31 11570152 countries:England 2023-09-01 2024-08-31 11570152 2023-08-31 11570152 2022-09-01 2023-08-31 11570152 2023-08-31 11570152 core:CurrentFinancialInstruments 2023-08-31 11570152 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 11570152 core:Non-currentFinancialInstruments 2023-08-31 11570152 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 11570152 core:RevaluationReserve core:LandBuildings 2022-09-01 2023-08-31 11570152 core:LandBuildings 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 11570152

Student Beehive Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Student Beehive Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Student Beehive Limited

Company Information

Directors

Mr Simon Chamberlain

Mr Lucasz Heczko

Registered office

Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB

Accountants

Evolve Accountants and Business Advisors Limited
Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB

 

Student Beehive Limited

(Registration number: 11570152)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

3,850,000

3,800,000

Current assets

 

Debtors

5

1

1

Cash at bank and in hand

 

693

12,371

 

694

12,372

Creditors: Amounts falling due within one year

6

(513,335)

(423,922)

Net current liabilities

 

(512,641)

(411,550)

Total assets less current liabilities

 

3,337,359

3,388,450

Creditors: Amounts falling due after more than one year

6

(1,796,236)

(1,947,361)

Provisions for liabilities

(294,266)

(281,767)

Net assets

 

1,246,857

1,159,322

Capital and reserves

 

Called up share capital

1

1

Revaluation reserve

1,177,066

1,127,066

Retained earnings

69,790

32,255

Shareholders' funds

 

1,246,857

1,159,322

For the financial year ending 31 August 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

Approved and authorised by the Board on 29 May 2025 and signed on its behalf by:
 

 

Student Beehive Limited

(Registration number: 11570152)
Balance Sheet as at 31 August 2024

.........................................
Mr Simon Chamberlain
Director

 

Student Beehive Limited

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

1

General information

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

The address of its registered office is:
Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB
England

These financial statements were authorised for issue by the Board on 29 May 2025.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Student Beehive Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Student Beehive Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

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

4

Investment properties

2024
£

At 1 September

3,800,000

Fair value adjustments

50,000

At 31 August

3,850,000

The investment properties have been assessed by the directors of the company and they consider the carrying value represents the fair value.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Other debtors

1

1

 

1

1

 

Student Beehive Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

103,250

43,920

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

410,086

370,002

Accruals and deferred income

 

-

10,000

Other creditors

 

(1)

-

 

513,335

423,922

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

1,796,236

1,947,361

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

50,000

50,000

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

300,000

300,000

 

Student Beehive Limited

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

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,796,236

1,947,361

Current loans and borrowings

2024
£

2023
£

Bank borrowings

103,250

43,920

9

Parent and ultimate parent undertaking

The company's immediate parent is Red Rowans Limited, incorporated in England.