REGISTERED NUMBER: 13965512 (England and Wales)

BOUTIQUE STUDENT LIVING (SWANSEA)

LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A J Woods

REGISTERED OFFICE:

35 Southernhay East

Exeter

United Kingdom

EX1 1NX

REGISTERED NUMBER:

13965512 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Investments

4

1

1

Investment property

5

8,000,000

8,000,000

8,000,001

8,000,001

CURRENT ASSETS

Debtors

6

200,248

227,987

Cash at bank

60,508

33,356

260,756

261,343

CREDITORS

Amounts falling due within one year

7

2,473,485

2,510,957

NET CURRENT LIABILITIES

(2,212,729

)

(2,249,614

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,787,272

5,750,387

CREDITORS

Amounts falling due after more than one year

8

5,491,876

5,597,207

NET ASSETS

295,396

153,180

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

295,296

153,080

295,396

153,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2025 and were signed by:

Mr A J Woods - Director

1.	STATUTORY INFORMATION

Boutique Student Living (Swansea) Limited 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2024

and 31st March 2025

1

NET BOOK VALUE

At 31st March 2025

1

At 31st March 2024

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

8,000,000

NET BOOK VALUE

At 31st March 2025

8,000,000

At 31st March 2024

8,000,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

25,775

10,672

Amounts owed by group undertakings

6,551

-

Other debtors

167,922

217,315

200,248

227,987

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

332,243

332,243

Trade creditors

6,767

20,013

Amounts owed to group undertakings

-

1,927,304

Other creditors

2,134,475

231,397

2,473,485

2,510,957

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,491,876

5,597,207

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

5,824,119

5,929,450

The secured debts are secured by fixed charges on the asset to which they relate.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned group companies.

As at the year end Boutique Student Living (Swansea) Limited owed £1,830,000 (2024 - £0) to companies in which the directors and shareholders have controlling interests.

As at the year end Boutique Student Living (Swansea) Limited was owed £10,000 (2024 - £0) by a company in which the directors and shareholders have a controlling interest.