1st Class Student Homes Ltd - Abbreviated accounts 16.1

1st Class Student Homes Ltd - Abbreviated accounts 16.1

1ST CLASS STUDENT HOMES LTD - Company Information

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REGISTERED NUMBER: 07411110















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2015

FOR

1ST CLASS STUDENT HOMES LTD

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

CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31st October 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

1ST CLASS STUDENT HOMES LTD

COMPANY INFORMATION
for the Year Ended 31st October 2015







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)

ABBREVIATED BALANCE SHEET
31st October 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 556,799 500,370

CURRENT ASSETS
Debtors 346,830 147,897
Cash at bank 92,907 903
439,737 148,800
CREDITORS
Amounts falling due within one year 46,645 53,878
NET CURRENT ASSETS 393,092 94,922
TOTAL ASSETS LESS CURRENT LIABILITIES 949,891 595,292

CREDITORS
Amounts falling due after more than one
year
3
707,636
373,387
NET ASSETS 242,255 221,905

CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve - 146,442
Profit and loss account 242,155 75,363
SHAREHOLDERS' FUNDS 242,255 221,905

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2015.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st October 2015 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 abbreviated accounts

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

ABBREVIATED BALANCE SHEET - continued
31st October 2015


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 28th July 2016 and were signed by:





Mr A Earp - Director


The notes form part of these abbreviated accounts

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

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31st October 2015


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 January 2015).

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.


2. TANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1st November 2014 500,370
Additions 381,429
Disposals (325,000 )
At 31st October 2015 556,799
NET BOOK VALUE
At 31st October 2015 556,799
At 31st October 2014 500,370

3. CREDITORS

Creditors include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable otherwise than by instalments 707,636 373,387

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4