Abbreviated Company Accounts - STUDENT BIDCO LIMITED

Abbreviated Company Accounts - STUDENT BIDCO LIMITED

STUDENT BIDCO LIMITED - Company Information

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Registered Number 09618958

STUDENT BIDCO LIMITED

Abbreviated Accounts

30 June 2016

STUDENT BIDCO LIMITED Registered Number 09618958

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016
£
Fixed assets
Tangible assets 2 6,001,888
6,001,888
Current assets
Debtors 44,732
Cash at bank and in hand 47,644
92,376
Creditors: amounts falling due within one year 3 (3,841,495)
Net current assets (liabilities) (3,749,119)
Total assets less current liabilities 2,252,769
Creditors: amounts falling due after more than one year 3 (2,390,847)
Total net assets (liabilities) (138,078)
Capital and reserves
Called up share capital 4 100
Profit and loss account (138,178)
Shareholders' funds (138,078)
  • For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 March 2017

And signed on their behalf by:
Jason Zemmel, Director

STUDENT BIDCO LIMITED Registered Number 09618958

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents amounts receivable for rental accomodation.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 25% Straight Line.

Investment properties are included in the balance sheet at their open market value. Depreciation is
provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

2Tangible fixed assets
£
Cost
Additions 6,020,679
Disposals -
Revaluations -
Transfers -
At 30 June 2016 6,020,679
Depreciation
Charge for the year 18,791
On disposals -
At 30 June 2016 18,791
Net book values
At 30 June 2016 6,001,888
3Creditors
2016
£
Secured Debts 2,518,247
Instalment debts due after 5 years 1,881,247
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
6,200 A Ordinary shares of £0.01 each 62
1,550 B Ordinary shares of £0.01 each 16
2,250 C Ordinary shares of £0.01 each 23

On incorporation, one Ordinary share of nominal value £1 was allotted at par. This was subdivided and redesignated into 100 B Ordinary shares of nominal £0.01 on 21st August 2015.
On the same date:
6,200 A Ordinary shares of nominal value £0.01 were allotted at par value.
A further 1,450 B Ordinary shares of nominal value £0.01 were allotted at par value.
2,250 C Ordinary shares of nominal value £0.01 were allotted at par value.