IRIS Accounts Production v25.4.12.37 12304847 Board of Directors 1.12.23 29.11.24 29.11.24 false true false false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 12304847 2023-11-30 12304847 2024-11-29 12304847 2023-12-01 2024-11-29 12304847 2022-11-30 12304847 2022-12-01 2023-11-30 12304847 2023-11-30 12304847 ns15:EnglandWales 2023-12-01 2024-11-29 12304847 ns14:PoundSterling 2023-12-01 2024-11-29 12304847 ns10:Director1 2023-12-01 2024-11-29 12304847 ns10:PrivateLimitedCompanyLtd 2023-12-01 2024-11-29 12304847 ns10:SmallEntities 2023-12-01 2024-11-29 12304847 ns10:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-29 12304847 ns10:SmallCompaniesRegimeForDirectorsReport 2023-12-01 2024-11-29 12304847 ns10:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-29 12304847 ns10:FullAccounts 2023-12-01 2024-11-29 12304847 1 2023-12-01 2024-11-29 12304847 ns10:Director2 2023-12-01 2024-11-29 12304847 ns10:RegisteredOffice 2023-12-01 2024-11-29 12304847 ns5:CurrentFinancialInstruments 2024-11-29 12304847 ns5:CurrentFinancialInstruments 2023-11-30 12304847 ns5:ShareCapital 2024-11-29 12304847 ns5:ShareCapital 2023-11-30 12304847 ns5:RetainedEarningsAccumulatedLosses 2024-11-29 12304847 ns5:RetainedEarningsAccumulatedLosses 2023-11-30 12304847 ns5:IntangibleAssetsOtherThanGoodwill 2023-12-01 2024-11-29 12304847 ns5:PlantMachinery 2023-12-01 2024-11-29 12304847 ns5:IntangibleAssetsOtherThanGoodwill 2023-11-30 12304847 ns5:IntangibleAssetsOtherThanGoodwill 2024-11-29 12304847 ns5:IntangibleAssetsOtherThanGoodwill 2023-11-30 12304847 ns5:PlantMachinery 2023-11-30 12304847 ns5:PlantMachinery 2024-11-29 12304847 ns5:PlantMachinery 2023-11-30 12304847 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-11-29 12304847 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-11-30 12304847 ns5:CurrentFinancialInstruments 2023-12-01 2024-11-29

REGISTERED NUMBER: 12304847 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 29 NOVEMBER 2024

FOR

TMW STUDENT ACCOMMODATION LIMITED

TMW STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 12304847) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 29 NOVEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| TMW STUDENT ACCOMMODATION LIMITED |

COMPANY INFORMATION

FOR THE PERIOD 1 DECEMBER 2023 TO 29 NOVEMBER 2024

| DIRECTORS: | T M Wimble

| C E Wimble

| REGISTERED OFFICE: | The Dairy Barns Dunsborough Park

| Ripley

| Woking

| Surrey

| GU23 6AL

| REGISTERED NUMBER: | 12304847 (England and Wales)

| ACCOUNTANTS: | Crowe U.K. LLP

| 2nd Floor

| Medway Bridge House

| 1-8 Fairmeadow

| Maidstone

| Kent

| ME14 1JP

TMW STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 12304847) |

BALANCE SHEET

29 NOVEMBER 2024

| 2024 | 2023 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 1,725 |  | 2,661 |  |

Tangible assets | 5 | 69,831 |  | 37,776 |  |

Investment property | 6 | 31,163,602 |  | 21,790,017 |  |

31,235,158 |  | 21,830,454 |  |

CURRENT ASSETS

Debtors | 7 | 52,866 |  | 50,199 |  |

Cash in hand | 343,769 |  | 2,453,991 |  |

396,635 |  | 2,504,190 |  |

CREDITORS

Amounts falling due within one year | 8 | 28,794,528 |  | 22,370,441 |  |

NET CURRENT LIABILITIES | (28,397,893 | ) | (19,866,251 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,837,265 |  | 1,964,203 |  |

PROVISIONS FOR LIABILITIES | 909 |  | 9,444 |  |

NET ASSETS | 2,836,356 |  | 1,954,759 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 2,836,354 |  | 1,954,757 |  |

2,836,356 |  | 1,954,759 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 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.

TMW STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 12304847) |

BALANCE SHEET - continued

29 NOVEMBER 2024

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 Board of Directors and authorised for issue on 2 February 2026 and were signed on its behalf by:

T M Wimble - Director

TMW STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 12304847) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 29 NOVEMBER 2024

1. | STATUTORY INFORMATION

| TMW Student Accommodation 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.

| Turnover represents amounts receivable in respect of rents during the year. Turnover is recognised on an accruals basis over the period to which it relates.

| Intangible assets

| Intangibles, relating to licences, are written off over 5 years.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on cost and 10% on cost

| Investment property

| Investment property is shown at its estimated valuation which the Directors have assessed using their knowledge and experience. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Any deferred tax relating to the change in market value of the property also passes through the income statement in the year.

| Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date which the Directors have assessed using their knowledge and experience. The surplus or deficit on valuation is recognised in the profit and loss account. Having assessed each property valuation at the year end, the Directors do not consider there to be any significant change in the valuation of the property in the year.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

TMW STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 12304847) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 DECEMBER 2023 TO 29 NOVEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

| The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Debtors

| Short term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business, from suppliers.

| Payables are recognised initially at fair value and subsequently at amortised cost using the effective interest method.

| Cash and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

| Going concern

| Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive reserves, cash balances and the ongoing support of the directors who have funded the business and are the main creditors. The company does not have external debt.

| Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements and thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 (2023 - 2 ) .

TMW STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 12304847) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 DECEMBER 2023 TO 29 NOVEMBER 2024

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| Cost

| At 1 December 2023

| and 29 November 2024 | 4,682 |  |

| Amortisation

| At 1 December 2023 | 2,021 |  |

| Charge for period | 936 |  |

| At 29 November 2024 | 2,957 |  |

| Net book value

| At 29 November 2024 | 1,725 |  |

| At 30 November 2023 | 2,661 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| Cost

| At 1 December 2023 | 61,976 |  |

| Additions | 62,454 |  |

| At 29 November 2024 | 124,430 |  |

| Depreciation

| At 1 December 2023 | 24,200 |  |

| Charge for period | 30,399 |  |

| At 29 November 2024 | 54,599 |  |

| Net book value

| At 29 November 2024 | 69,831 |  |

| At 30 November 2023 | 37,776 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| Fair value

| At 1 December 2023 | 21,790,017 |  |

| Additions | 9,381,330 |  |

| Disposals | (7,745 | ) |

| At 29 November 2024 | 31,163,602 |  |

| Net book value

| At 29 November 2024 | 31,163,602 |  |

| At 30 November 2023 | 21,790,017 |  |

TMW STUDENT ACCOMMODATION LIMITED (REGISTERED NUMBER: 12304847) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 DECEMBER 2023 TO 29 NOVEMBER 2024

6. | INVESTMENT PROPERTY - continued

| PRIOR YEAR ADJUSTMENT

| A prior year adjustment has been made to reflect two investment properties purchased via the director's loan account, amounting to £1,155,241, which had not been included within the accounts. There has been no change to the profit and loss account in this regard.

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Trade debtors | - |  | 2,997 |  |

| Other debtors | 52,866 |  | 47,202 |  |

52,866 |  | 50,199 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Trade creditors | 13,778 |  | 12,667 |  |

| Corporation tax | 295,866 |  | 377,618 |  |

| Directors' current accounts | 28,477,331 |  | 21,979,828 |  |

| Accrued expenses | 7,553 |  | 328 |  |

28,794,528 |  | 22,370,441 |  |

| £28,477,331 (2023: £21,979,828 restated) is owing to directors at the balance sheet date. Details are included within the Related Party Disclosures notes.

9. | RELATED PARTY DISCLOSURES

| As at the balance sheet date, the company owed £28,477,331 (2023: £21,979,828 restated) to its directors. The loan is included in creditors due within one year, is unsecured and interest free.