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Registration number: 12316259

Wavertree Student Homes Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Wavertree Student Homes Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Wavertree Student Homes Ltd

Company Information

Director

Mr Thomas McConnon

Registered office

Apartment 2003
4 William Jessop Way
Liverpool
L3 1AR

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Wavertree Student Homes Ltd

(Registration number: 12316259)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,603

3,293

Investment property

5

5,545,000

3,591,000

 

5,548,603

3,594,293

Current assets

 

Debtors

6

159,800

114,402

Cash at bank and in hand

 

151,447

26,173

 

311,247

140,575

Creditors: Amounts falling due within one year

7

(19,619)

(43,446)

Net current assets

 

291,628

97,129

Total assets less current liabilities

 

5,840,231

3,691,422

Creditors: Amounts falling due after more than one year

7

(4,849,744)

(3,054,456)

Provisions for liabilities

(350,042)

(193,701)

Net assets

 

640,445

443,265

Capital and reserves

 

Called up share capital

1

1

Revaluation reserve

1,493,685

827,178

Retained earnings

(853,241)

(383,914)

Shareholders' funds

 

640,445

443,265

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 August 2025
 

 

Wavertree Student Homes Ltd

(Registration number: 12316259)
Balance Sheet as at 30 November 2024 (continued)

.........................................
Mr Thomas McConnon
Director

 

Wavertree Student Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
Apartment 2003
4 William Jessop Way
Liverpool
L3 1AR

These financial statements were authorised for issue by the director on 20 August 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost 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% Straight Line

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.

 

Wavertree Student Homes Ltd

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

2

Accounting policies (continued)

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.

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.

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 the director) during the year, was 2 (2023 - 1).

 

Wavertree Student Homes Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

7,461

7,461

Additions

2,145

2,145

At 30 November 2024

9,606

9,606

Depreciation

At 1 December 2023

4,168

4,168

Charge for the year

1,835

1,835

At 30 November 2024

6,003

6,003

Carrying amount

At 30 November 2024

3,603

3,603

At 30 November 2023

3,293

3,293

5

Investment properties

2024
£

At 1 December

3,591,000

Additions

1,131,151

Fair value adjustments

822,849

At 30 November

5,545,000

The fair value of the properties at the year end have been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to the market evidence of transaction prices for similar properties in the location the properties are situated

6

Debtors

 

Wavertree Student Homes Ltd

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

6

Debtors (continued)

Current

2024
£

2023
£

Prepayments

3,551

4,556

Other debtors

156,249

109,846

 

159,800

114,402

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

(182)

Taxation and social security

1

29,970

Accruals and deferred income

330

495

Other creditors

19,288

13,163

19,619

43,446

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

4,849,744

3,054,456

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

4,849,744

3,054,456