Premier Student Halls Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07623999 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

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

Investments

2

100

Investment property

3

4,690,065

3,365,004

4,690,165

3,365,104

CURRENT ASSETS

Debtors

232,369

152,861

Cash at bank

10,486

-

242,855

152,861

CREDITORS

Amounts falling due within one year

1,155,306

1,080,325

NET CURRENT LIABILITIES

(912,451

)

(927,464

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,777,714

2,437,640

CREDITORS

Amounts falling due after more than one
year

4

2,948,831

1,610,922

NET ASSETS

828,883

826,718

CAPITAL AND RESERVES

Called up share capital

5

2

Revaluation reserve

872,354

Profit and loss account

(43,473

)

(45,638

)

SHAREHOLDERS' FUNDS

828,883

826,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 27 April 2017 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

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.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2015

and 31 July 2016

100

NET BOOK VALUE

At 31 July 2016

100

At 31 July 2015

100

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

PSH Birmingham 1 Limited

Nature of business: Rental of student accommodation.

%

Class of shares:

holding

£1 ordinary

100.00

30.9.15

£

Aggregate capital and reserves

28,835

Profit for the year

28,735

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 August 2015

3,365,004

Additions

1,325,061

At 31 July 2016

4,690,065

NET BOOK VALUE

At 31 July 2016

4,690,065

At 31 July 2015

3,365,004

4.

CREDITORS

Creditors include an amount of £ 2,948,831 (2015 - £ 1,610,922 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A D Smith.