REGISTERED NUMBER: 10629441 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BREP STUDENT LTD

(FORMERLY KNOWN AS BASECAMP REAL ESTATE

PARTNERS LTD)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

D J I Hamer

Ms R L Butterworth

Registered office:

Limetree Farm

Badgemore

Henley on Thames

RG9 4NX

Registered number:

10629441 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

3,267

4,357

Current assets

Debtors

5

438,707

1,584,136

Cash at bank

252,446

142,659

691,153

1,726,795

Creditors

Amounts falling due within one year

6

690,799

565,413

Net current assets

354

1,161,382

Total assets less current liabilities

3,621

1,165,739

Capital and reserves

Called up share capital

7

100

100

Retained earnings

3,521

1,165,639

Shareholders' funds

3,621

1,165,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

D J I Hamer - Director

1.	Statutory information

BREP Student Ltd (formerly known as Basecamp Real Estate Partners Ltd) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

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

considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption

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 subsidiaries within the group.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Turnover

Turnover is derived from the company's principal activity, being construction and management charges on the establishment of student accommodation.

Turnover represents amounts receivables for goods and services provided in the normal course of business net of any discounts, value added tax and other sales-related taxes. The majority of revenue is earned from the European subsidiaries.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33.33% on reducing balance

Computer software - 15% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Derivatives are measued at fair value at each reporting date, with the change in fair value being recognised in the profit and loss.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - NIL ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

5,228

15,081

20,309

Depreciation

At 1 January 2024

3,256

12,696

15,952

Charge for year

296

794

1,090

At 31 December 2024

3,552

13,490

17,042

Net book value

At 31 December 2024

1,676

1,591

3,267

At 31 December 2023

1,972

2,385

4,357

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Amounts owed by group undertakings

302,538

1,544,990

Other debtors

66,740

-

Tax

-

33,263

VAT

66,428

95

Prepayments

3,001

5,788

438,707

1,584,136

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

9,113

3,288

Social security and other taxes

3,942

-

Net wages

15,600

-

Accrued expenses

662,144

562,125

690,799

565,413

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

8.	Ultimate controlling party

During the year the ultimate controlling party changed to Basestack Group Ltd.