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Company No: 11872664 (England and Wales)

# ST JAMES STUDENT INVESTMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

ST JAMES STUDENT INVESTMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

ST JAMES STUDENT INVESTMENTS LIMITED

## BALANCE SHEET

As at 31 March 2025
ST JAMES STUDENT INVESTMENTS LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 2,800,000 |  | 2,521,236
|  | 2,800,000 |  | 2,521,236
Current assets |  |  |  |
Debtors | 4 | 20,964 |  | 27,920
Cash at bank and in hand |  | 0 |  | 220
|  | 20,964 |  | 28,140
Creditors: amounts falling due within one year | 5 | ( 1,111,495) |  | ( 1,051,014)
Net current liabilities |  | (1,090,531) |  | (1,022,874)
Total assets less current liabilities |  | 1,709,469 |  | 1,498,362
Creditors: amounts falling due after more than one year | 6 | ( 1,754,298) |  | ( 1,742,689)
Net liabilities |  | ( 44,829) |  | ( 244,327)
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | ( 44,929 ) |  | ( 244,427 )
Total shareholders' deficit |  | ( 44,829) |  | ( 244,327)

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.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of St James Student Investments Limited (registered number: 11872664) were approved and authorised for issue by the Director on 23 January 2026. They were signed on its behalf by:

Mr S H Patel Director |

ST JAMES STUDENT INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
ST JAMES STUDENT INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

St James Student Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 17 Queens Lane, Newcastle Upon Tyne, NE1 1RN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of St James Student Investments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates, rounding to the nearest £1.

##### Going concern

The director has assessed the Balance Sheet and forecasted cash flows covering a period of 12 months from the date of approval these financial statements. The director notes that the Company has net liabilities of £44,829. The Company is supported through loans from the Parent Company. The director has received a confirmation that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If the arrangement constitutes a financing transaction, it is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 2,521,236
Fair value movement | 278,764
As at 31 March 2025 | 2,800,000

The fair value of the property at 31 March 2025 has been arrived at on the basis of a valuation carried out by the director who is not a professionally qualified valuer.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 9,232 |  | 12,456
Other debtors | 11,732 |  | 15,464
| 20,964 |  | 27,920

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 18,087 |  | 630
Amounts owed to Group undertakings | 908,919 |  | 867,120
Other creditors | 184,489 |  | 183,264
| 1,111,495 |  | 1,051,014

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 1,754,298 |  | 1,742,689

The bank loan is secured by a fixed and floating charge over the investment property of the company.

#### 7. Related party transactions

The director of the company has provided a personal guarantee in respect of the company's bank loan.