Premier Student Halls Limited - Accounts to registrar (filleted) - small 18.2

Premier Student Halls Limited - Accounts to registrar (filleted) - small 18.2

PREMIER STUDENT HALLS LIMITED - Company Information

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REGISTERED NUMBER: 07623999 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

PREMIER STUDENT HALLS LIMITED
PREMIER STUDENT HALLS LIMITED (REGISTERED NUMBER: 07623999)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER STUDENT HALLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2019







DIRECTOR: Mr A D Smith





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 07623999 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA
Page 1
PREMIER STUDENT HALLS LIMITED (REGISTERED NUMBER: 07623999)

BALANCE SHEET
31 JULY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 6,647,567 6,445,417
6,647,667 6,445,517

CURRENT ASSETS
Debtors 6 468,518 467,641
Cash at bank 101,713 134,313
570,231 601,954
CREDITORS
Amounts falling due within one year 7 1,387,146 1,087,576
NET CURRENT LIABILITIES (816,915 ) (485,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,830,752
5,959,895

CREDITORS
Amounts falling due after more than one
year
8
4,882,542
5,014,157
NET ASSETS 948,210 945,738

CAPITAL AND RESERVES
Called up and paid share capital 60 2
Revaluation reserve 872,354 872,354
Retained earnings 75,796 73,382
SHAREHOLDERS' FUNDS 948,210 945,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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...
PREMIER STUDENT HALLS LIMITED (REGISTERED NUMBER: 07623999)

BALANCE SHEET - continued
31 JULY 2019


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 director and authorised for issue on 22 April 2020 and were
signed by:





Mr A D Smith - Director


The notes form part of these financial statements

Page 3
PREMIER STUDENT HALLS LIMITED (REGISTERED NUMBER: 07623999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2019


1. STATUTORY INFORMATION

Premier Student Halls 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current 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.

Current or 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.

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

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 year 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.

Page 4 continued...
PREMIER STUDENT HALLS LIMITED (REGISTERED NUMBER: 07623999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 8 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2018
and 31 July 2019 100
NET BOOK VALUE
At 31 July 2019 100
At 31 July 2018 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2018 6,445,417
Additions 202,150
At 31 July 2019 6,647,567
NET BOOK VALUE
At 31 July 2019 6,647,567
At 31 July 2018 6,445,417

Fair value at 31 July 2019 is represented by:

£   
Valuation in 2014 872,354
Cost 5,775,213
6,647,567

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 468,518 467,641

Page 5 continued...
PREMIER STUDENT HALLS LIMITED (REGISTERED NUMBER: 07623999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2019


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 10,305 7,268
Amounts owed to group undertakings 696,308 382,687
Amounts owed to participating interests 608,835 608,835
Taxation and social security 1,218 18,139
Other creditors 70,480 70,647
1,387,146 1,087,576

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 4,882,542 5,014,157

9. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 4,882,542 5,014,157

The bank loan is secured on the investment asset.

Page 6