Registered number
11487959
Priestley Investments (Holdings) Ltd
Report and Accounts
31 December 2022
Priestley Investments (Holdings) Ltd
Report and accounts
Contents
Page
Company information 1
Director's report 2
Profit and loss account 3
Balance sheet 4
Notes to the accounts 5
Priestley Investments (Holdings) Ltd
Company Information
Director
Nathan Ronald Priestley
Registered office
2nd Floor Offices
Marygate House
2 Marygate
Wakefield
WF1 1NX
Registered number
11487959
Priestley Investments (Holdings) Ltd
Registered number: 11487959
Director's Report
The director presents his report and accounts for the period ended 31 December 2022.
Principal activities
The company's principal activity during the year continued to be Dormant.
Directors
The following persons served as directors during the period:
Nathan Ronald Priestley
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 September 2023 and signed on its behalf.
Nathan Ronald Priestley
Director
Priestley Investments (Holdings) Ltd
Profit and Loss Account
for the period from 1 August 2021 to 31 December 2022
2022 2021
£ £
Operating profit - -
Profit before taxation - -
Tax on profit - -
Profit for the period - -
Priestley Investments (Holdings) Ltd
Registered number: 11487959
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Investments 3 4,811,526 -
Current assets
Debtors 4 1 1
Investments held as current assets 5 4 4
5 5
Creditors: amounts falling due within one year 6 (4) (4)
Net current assets 1 1
Net assets 4,811,527 1
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 4,811,526 -
Shareholder's funds 4,811,527 1
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nathan Ronald Priestley
Director
Approved by the board on 30 September 2023
Priestley Investments (Holdings) Ltd
Notes to the Accounts
for the period from 1 August 2021 to 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
Revaluation 4,811,526
At 31 December 2022 4,811,526
4 Debtors 2022 2021
£ £
Trade debtors 1 1
5 Investments held as current assets 2022 2021
£ £
Fair value
Unlisted investments 4 4
6 Creditors: amounts falling due within one year 2022 2021
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4 4
7 Revaluation reserve 2022 2021
£ £
Gain on revaluation of land and buildings 4,811,526 -
At 31 December 2022 4,811,526 -
8 Other information
Priestley Investments (Holdings) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor Offices
Marygate House
2 Marygate
Wakefield
WF1 1NX
Priestley Investments (Holdings) Ltd 11487959 false 2021-08-01 2022-12-31 2022-12-31 VT Final Accounts April 2022 11487959 2020-08-01 2021-07-31 11487959 core:RevaluationReserve core:LandBuildings 2020-08-01 2021-07-31 11487959 core:WithinOneYear 2021-07-31 11487959 core:ShareCapital 2021-07-31 11487959 core:OtherReservesSubtotal 2021-07-31 11487959 core:RevaluationReserve 2021-07-31 11487959 2021-08-01 2022-12-31 11487959 bus:EntityNoLongerTradingButTradedInPast 2021-08-01 2022-12-31 11487959 bus:PrivateLimitedCompanyLtd 2021-08-01 2022-12-31 11487959 bus:AuditExempt-NoAccountantsReport 2021-08-01 2022-12-31 11487959 bus:Director1 2021-08-01 2022-12-31 11487959 1 2021-08-01 2022-12-31 11487959 core:RevaluationReserve core:LandBuildings 2021-08-01 2022-12-31 11487959 countries:England 2021-08-01 2022-12-31 11487959 bus:FRS102 2021-08-01 2022-12-31 11487959 bus:FullAccounts 2021-08-01 2022-12-31 11487959 2022-12-31 11487959 core:WithinOneYear 2022-12-31 11487959 core:ShareCapital 2022-12-31 11487959 core:OtherReservesSubtotal 2022-12-31 11487959 core:RevaluationsIncreaseDecreaseInInvestments 2022-12-31 11487959 core:RevaluationReserve 2022-12-31 11487959 2021-07-31 iso4217:GBP xbrli:pure