1st Class Student Homes Ltd - Accounts to registrar (filleted) - small 18.2

1st Class Student Homes Ltd - Accounts to registrar (filleted) - small 18.2

1ST CLASS STUDENT HOMES LTD - Company Information

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REGISTERED NUMBER: 07411110















Unaudited Financial Statements for the Year Ended 31st October 2018

for

1ST CLASS STUDENT HOMES LTD
1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

Contents of the Financial Statements
for the Year Ended 31st October 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1ST CLASS STUDENT HOMES LTD

Company Information
for the Year Ended 31st October 2018







DIRECTOR: Mr A Earp





REGISTERED OFFICE: 4 Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 07411110





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST
Page 1
1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

Balance Sheet
31st October 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,630,000 3,047,000

CURRENT ASSETS
Debtors 4 366,877 335,980
Cash at bank 79,941 56,743
446,818 392,723
CREDITORS
Amounts falling due within one year 5 399,836 514,042
NET CURRENT ASSETS/(LIABILITIES) 46,982 (121,319 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,676,982 2,925,681

CREDITORS
Amounts falling due after more than one
year
6
(1,895,474
)
(1,747,134
)

PROVISIONS FOR LIABILITIES (288,084 ) (181,114 )
NET ASSETS 1,493,424 997,433

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 7 1,228,148 772,118
Retained earnings 265,076 225,115
SHAREHOLDERS' FUNDS 1,493,424 997,433

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2018.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

Balance Sheet - continued
31st October 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 director on 31st July 2019 and were signed by:





Mr A Earp - Director


The notes form part of these financial statements

Page 3
1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

Notes to the Financial Statements
for the Year Ended 31st October 2018


1. STATUTORY INFORMATION

1st Class Student Homes Ltd is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the value of services supplied and rent received by the company, exclusive of trade
discounts.

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

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1st November 2017 3,047,000
Additions 20,000
Revaluations 563,000
At 31st October 2018 3,630,000
NET BOOK VALUE
At 31st October 2018 3,630,000
At 31st October 2017 3,047,000

Cost or valuation at 31st October 2018 is represented by:

Land and
buildings
£   
Valuation in 2019 1,516,232
Cost 2,113,768
3,630,000

Page 4 continued...
1ST CLASS STUDENT HOMES LTD (REGISTERED NUMBER: 07411110)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2018


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 300,748 261,534
Amounts owed by associates 27,900 -
Other debtors 38,229 73,229
Prepayments - 1,217
366,877 335,980

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed to associates 278,672 413,863
Tax 11,114 2,274
Other creditors 5,278 5,278
Directors' loan accounts 103,478 91,427
Accrued expenses 1,294 1,200
399,836 514,042

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans more 5 yrs non-inst 1,895,474 1,747,134

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,895,474 1,747,134

7. RESERVES
Fair
value
reserve
£   
At 1st November 2017 772,118
Reserve transfer 456,030

At 31st October 2018 1,228,148

Page 5