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Registration number: 08052891

Student Rooms 4 Plymouth Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Student Rooms 4 Plymouth Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 8

 

Student Rooms 4 Plymouth Limited

(Registration number: 08052891)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

2,800,171

2,799,841

Current assets

 

Debtors

5

6,499

24,918

Cash at bank and in hand

 

275,153

39

 

281,652

24,957

Creditors: Amounts falling due within one year

6

(854,314)

(603,437)

Net current liabilities

 

(572,662)

(578,480)

Total assets less current liabilities

 

2,227,509

2,221,361

Creditors: Amounts falling due after more than one year

6

(5,833)

(15,833)

Provisions for liabilities

-

(133)

Net assets

 

2,221,676

2,205,395

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

2,221,576

2,205,295

Shareholders' funds

 

2,221,676

2,205,395

For the financial year ending 31 March 2025 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 9 July 2025 and signed on its behalf by:
 


Mr D E Hendy
Director

 

Student Rooms 4 Plymouth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
3 Longbridge Road
Marsh Mills
Plymouth
Devon
PL6 8LT
United Kingdom

Principal activity

The principal activity of the company is that of property management

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.

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.

Revenue recognition

Revenue - described as turnover - is the value of letting agency fees and rent due during the year.

 

Student Rooms 4 Plymouth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Tax

The taxation expense represents the aggregate amount of the current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to the items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect new estimates.

Asset class

Depreciation method and rate

Fittings fixtures and equipment

20% reducing balance

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise of cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.

 

Student Rooms 4 Plymouth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

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 statement of comprehensive income 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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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.

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.

 

Student Rooms 4 Plymouth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Tangible assets

Freehold property
£

Fixtures, fittings and equipment
£

Total
£

Cost or valuation

At 1 April 2024

2,799,307

1,927

2,801,234

Additions

-

1,080

1,080

Disposals

-

(1,927)

(1,927)

At 31 March 2025

2,799,307

1,080

2,800,387

Depreciation

At 1 April 2024

-

1,393

1,393

Charge for the year

-

216

216

Eliminated on disposal

-

(1,393)

(1,393)

At 31 March 2025

-

216

216

Carrying amount

At 31 March 2025

2,799,307

864

2,800,171

At 31 March 2024

2,799,307

534

2,799,841

Included within the above is investment property measured at fair value of £2,799,307 (2024: £2,799,307). The original cost of the properties were £2,799,307 (2024: £2,799,307).

The fair value of the investment property has been arrived at on an open market value basis by reference to market evidence of transaction prices for similar properties. The valuation was made by D Hendy, the director.

 

Student Rooms 4 Plymouth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Debtors

Note

2025
£

2024
£

Trade debtors

 

1,701

-

Amounts owed by related parties

10

-

21,808

Other debtors

 

90

90

Prepayments

 

4,708

3,020

 

6,499

24,918

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Loans and borrowings

8

10,000

10,000

Trade creditors

 

23,641

49,658

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

10

3,462

-

Taxation and social security

 

19,631

66,504

Accruals and deferred income

 

105,069

80,962

Other creditors

 

692,511

396,313

 

854,314

603,437

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Loans and borrowings

8

5,833

15,833

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Student Rooms 4 Plymouth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

5,833

15,833

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,000

10,000

Included in the loans and borrowings are the following amounts due after more than five years:

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2025
£

2024
£

Not later than one year

-

19,200

Later than one year and not later than five years

-

48,000

-

67,200

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2024 - £38,400).

10

Related party transactions

Transactions with directors

2025

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

Directors loan

(387,844)

939,470

(1,224,290)

(672,664)

         
       

 

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Directors loan

(134,982)

(1,592,439)

1,339,577

(387,844)

 

 

Student Rooms 4 Plymouth Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

10

Related party transactions (continued)

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

619,019

619,019

Advanced

45,180

45,180

Repaid

(642,391)

(642,391)

At end of period

21,808

21,808

Terms of loans to related parties

The loan relates to Drake Circus Ltd a company controlled by the same directors.
 

Loans from related parties

2025

Entities with joint control or significant influence
£

Total
£

At start of period

(21,808)

(21,808)

Advanced

(18,280)

(18,280)

Repaid

43,550

43,550

At end of period

3,462

3,462

Terms of loans from related parties

The loan relates to Drake Circus Ltd a company controlled by the same directors.