REGISTERED NUMBER: 10509754 (England and Wales)

Financial Statements

for the Year Ended

31 August 2025

for

Code Students (Wellington Street)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Lewis

REGISTERED OFFICE:

42a Western Road

Leicester

Leicestershire

LE3 0GH

REGISTERED NUMBER:

10509754 (England and Wales)

AUDITORS:

The Rowleys Partnership Ltd

Statutory Auditors

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

FIXED ASSETS

Investment property

4

16,395,258

12,511,431

CURRENT ASSETS

Debtors

5

100

100

CREDITORS

Amounts falling due within one year

6

16,395,258

12,511,431

NET CURRENT LIABILITIES

(16,395,158

)

(12,511,331

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100

100

CAPITAL AND RESERVES

Called up share capital

7

100

100

SHAREHOLDERS' FUNDS

100

100

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

J A Lewis - Director

1.	STATUTORY INFORMATION

Code Students (Wellington Street) 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.

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.

Investment property

Investment property is not depreciated but revalued to their fair values and shown at their most recent valuations. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and taken to the fair value reserve.

Investment property comprises freehold buildings. They are measured initially at cost, including related transaction costs. These are held as investments to earn rental income and for capital appreciation and are stated at fair value at the balance sheet date.

Investment property under construction is retained at cost less impairment and revalued on the completion of works.

The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in light of current market conditions.

Subsequent expenditure is added to the assets carrying amount only when it is probable that the future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance costs are charged to the profit and loss account during the financial period in which they are incurred.

Going concern

The accounts have been prepared on the going concern basis. The director has confirmed the continued financial support from the group companies, as well as the related undertakings and that no repayments on inter-company loans will be made until the company has adequate funds

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

12,511,431

Additions

3,883,827

At 31 August 2025

16,395,258

NET BOOK VALUE

At 31 August 2025

16,395,258

At 31 August 2024

12,511,431

Investment property was valued on a fair value basis on 31 August 2025 by the director.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed by group undertakings

100

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Amounts owed to group undertakings

16,395,258

12,511,431

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary

£1

100

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matt Hutchinson FCA FCCA (Senior Statutory Auditor)

for and on behalf of The Rowleys Partnership Ltd

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Code Holdings Limited, a company incorporated in England and Wales, which shares the registered office as detailed on page 1. The largest and smallest group in which the results of the company are consolidated is that headed by Code Holdings Limited. The financial statements of Code Holdings Limited can be obtained from Companies House.