Premier Student Halls Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07623999 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

PREMIER STUDENT HALLS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

FIXED ASSETS

Investment property

2

2,745,000

933,582

CURRENT ASSETS

Debtors

17,949

33,364

Cash at bank

20,344

8,692

38,293

42,056

CREDITORS

Amounts falling due within one year

864,079

932,338

NET CURRENT LIABILITIES

(825,786

)

(890,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,919,214

43,300

CREDITORS

Amounts falling due after more than one year

3

1,137,410

68,000

NET ASSETS/(LIABILITIES)

781,804

(24,700

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

872,354

-

Profit and loss account

(90,552

)

(24,702

)

SHAREHOLDERS' FUNDS

781,804

(24,700

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 April 2015 and were signed by:

Mr A D Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

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 the profit and loss account in the period to which they relate.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 August 2013

933,582

Additions

939,064

Revaluations

872,354

At 31 July 2014

2,745,000

NET BOOK VALUE

At 31 July 2014

2,745,000

At 31 July 2013

933,582

3.

CREDITORS

Creditors include an amount of £ 1,137,410 (2013 - £ 68,000 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A D Smith.