RI Student Accommodation Limited 13806112 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Student Accommodation Digita Accounts Production Advanced 6.30.9574.0 true true true 13806112 2022-08-01 2023-07-31 13806112 2023-07-31 13806112 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-07-31 13806112 core:CurrentFinancialInstruments 2023-07-31 13806112 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 13806112 core:FurnitureFittingsToolsEquipment 2023-07-31 13806112 core:MotorVehicles 2023-07-31 13806112 core:OtherRelatedParties 2023-07-31 13806112 bus:SmallEntities 2022-08-01 2023-07-31 13806112 bus:Audited 2022-08-01 2023-07-31 13806112 bus:FilletedAccounts 2022-08-01 2023-07-31 13806112 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 13806112 bus:RegisteredOffice 2022-08-01 2023-07-31 13806112 bus:Director1 2022-08-01 2023-07-31 13806112 bus:Director2 2022-08-01 2023-07-31 13806112 bus:Director3 2022-08-01 2023-07-31 13806112 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-08-01 2023-07-31 13806112 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13806112 bus:Agent1 2022-08-01 2023-07-31 13806112 core:FurnitureFittings 2022-08-01 2023-07-31 13806112 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 13806112 core:MotorVehicles 2022-08-01 2023-07-31 13806112 core:OfficeEquipment 2022-08-01 2023-07-31 13806112 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-08-01 2023-07-31 13806112 core:OtherRelatedParties 2022-08-01 2023-07-31 13806112 1 2022-08-01 2023-07-31 13806112 countries:AllCountries 2022-08-01 2023-07-31 13806112 countries:England 2022-08-01 2023-07-31 13806112 2021-12-17 2022-07-31 13806112 2022-07-31 13806112 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-07-31 13806112 core:CurrentFinancialInstruments 2022-07-31 13806112 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registrar

Registration number: 13806112

RI Student Accommodation Limited
Filleted Financial Statements
for the Year Ended 31 July 2023

RI Student Accommodation Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 6

RI Student Accommodation Limited

Company Information

Directors | M J M Kirkham J M Kirkham D P Kirkham

Registered office | The Lofts The Lofts Bishop Hall Lane Rivermead Islands Chelmsford Essex CM1 1RB

Bankers | Metro Bank Plc One Southampton Row London WC1B 5HA

Auditors | Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

RI Student Accommodation Limited

(Registration number: 13806112)
Balance Sheet as at 31 July 2023

| Note | 2023 £ | 2022 £
Fixed assets |  |  |
Tangible assets | 4 | 30,943 | -
Current assets |  |  |
Debtors | 5 | 280,812 | 100
Cash at bank and in hand |  | 49,626 | 33,905
|  | 330,438 | 34,005
Creditors: Amounts falling due within one year | 6 | (115,659) | (102,560)
Net current assets/(liabilities) |  | 214,779 | (68,555)
Total assets less current liabilities |  | 245,722 | (68,555)
Provisions for liabilities |  | (7,736) | -
Net assets/(liabilities) |  | 237,986 | (68,555)
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 237,886 | (68,655)
Shareholders' funds/(deficit) |  | 237,986 | (68,555)

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 20 June 2025 and signed on its behalf by:

M J M Kirkham
Director

RI Student Accommodation Limited

Notes to the Financial Statements for the Year Ended 31 July 2023

1 | General information

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

The address of its registered office is: The Lofts The Lofts, Bishop Hall Lane, Rivermead Islands, Chelmsford, Essex, CM1 1RB, England.

The principal place of business is: Rivermead North, Bishop Hall Lane, Chelmsford, Essex, CM1 1PD.

These financial statements were authorised for issue by the Board on 20 June 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.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Going concern

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

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 20 June 2025 was Nicholas Forsyth FCA, who signed for and on behalf of Lambert Chapman LLP.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of student accommodation and related ancillary services in the ordinary course of the company’s activities. Turnover is shown 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

Current Tax is recognised in the profit and loss account, 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

RI Student Accommodation Limited

Notes to the Financial Statements for the Year Ended 31 July 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% reducing balance basis
Fixtures & fittings | 25% reducing balance basis

Cash and cash equivalents

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

Trade debtors

Trade debtors are amounts due from customers for accommodation provided in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2022 - 3).

RI Student Accommodation Limited

Notes to the Financial Statements for the Year Ended 31 July 2023

4 | Tangible assets

| Office equipment £ | Fixtures & Fittings £ | Total £
Cost or valuation
Additions | 30,469 | 5,621 | 36,090
At 31 July 2023 | 30,469 | 5,621 | 36,090
Depreciation
Charge for the year | 4,372 | 775 | 5,147
At 31 July 2023 | 4,372 | 775 | 5,147
Carrying amount
At 31 July 2023 | 26,097 | 4,846 | 30,943

5 | Debtors

| 2023 £ | 2022 £
Amounts owed by group undertakings | 229,441 | 100
Other debtors | 51,121 | -
Prepayments | 250 | -
| 280,812 | 100

Debtors include amounts owed by group undertakings which are repayable on demand but are unlikely to be repaid in full in the next twelve months.

6 | Creditors

Creditors: amounts falling due within one year

| 2023 £ | 2022 £
Due within one year |  |
Trade creditors | 116 | -
Amounts owed to group undertakings | - | 67,710
Pension contributions unpaid | 913 | -
Accruals and deferred income | 114,630 | 34,850
| 115,659 | 102,560

RI Student Accommodation Limited

Notes to the Financial Statements for the Year Ended 31 July 2023

7 | Share capital

Allotted, called up and fully paid shares

| 2023 | 2022
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £998 (2022 - £Nil). This lease is in relation to the rental agreement under a long term lease as disclosed in note 9.

9 | Related party transactions

Summary of transactions with entities with joint control or significant interest

During the year the company rented a property from its parent company, for an annual peppercorn rate of £1. The property is used in the trade of the company to provide student accommodation.

Loans to related parties under common control

2023 | Other related parties £ | Total £
Advanced | 51,100 | 51,100
At end of period | 51,100 | 51,100

This loan is to a company under common control by the ultimate shareholder.

10 | Parent and ultimate parent undertaking

The company's immediate parent is Jordan Inc Limited , incorporated in England.
These financial statements will be available upon request from Companies House.

The parent of the largest and smallest group in which these financial statements are consolidated is Jordan Inc Limited, incorporated in England.