Aldcliffe Student Lets Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12332008

ALDCLIFFE STUDENT LETS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

ALDCLIFFE STUDENT LETS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026	2025
Note	£	£

FIXED ASSETS

Tangible assets	4	288,679	288,464

CURRENT ASSETS

Debtors	5	1,244	738
Cash at bank and in hand		10,741	12,035
		---------	---------
		11,985	12,773

CREDITORS: amounts falling due within one year	6	4,916	79,450
		---------	---------
NET CURRENT ASSETS/(LIABILITIES)		7,069	( 66,677)
		-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES		295,748	221,787

CREDITORS: amounts falling due after more than one year	7	260,050	180,491
		-----------	-----------
NET ASSETS		35,698	41,296
		-----------	-----------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	35,696	41,294
	---------	---------
SHAREHOLDERS FUNDS	35,698	41,296
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ALDCLIFFE STUDENT LETS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 28 October 2026 , and are signed on behalf of the board by:

Mr K R Seacy

Director

Company registration number: 12332008

ALDCLIFFE STUDENT LETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Elmwood Gardens, Lancaster, Lancashire, LA1 4PG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	15% reducing balance

4. TANGIBLE ASSETS

Freehold property	Equipment	Total
£	£	£

Cost
At 1 April 2025	282,824	12,710	295,534
Additions	–	1,248	1,248
	-----------	---------	-----------
At 31 March 2026	282,824	13,958	296,782
	-----------	---------	-----------
Depreciation
At 1 April 2025	–	7,070	7,070
Charge for the year	–	1,033	1,033
	-----------	---------	-----------
At 31 March 2026	–	8,103	8,103
	-----------	---------	-----------
Carrying amount
At 31 March 2026	282,824	5,855	288,679
	-----------	---------	-----------
At 31 March 2025	282,824	5,640	288,464
	-----------	---------	-----------

5. DEBTORS

	2026	2025
	£	£

Prepayments and accrued income	1,244	738
	--------	-----

6. CREDITORS: amounts falling due within one year

	2026	2025
	£	£

Accruals and deferred income	539	671
Corporation tax	2,894	4,454
Director loan accounts	284	72,825
Security deposits held	1,199	1,500
	--------	---------
	4,916	79,450
	--------	---------

7. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£

Mortgage loan	260,050	180,491
	-----------	-----------