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REGISTERED NUMBER: 03505283 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Priory Management (Richmond) Limited

Priory Management (Richmond) Limited (Registered number: 03505283)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Priory Management (Richmond) Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: J Fielding
Ms I Granleese





SECRETARY:





REGISTERED OFFICE: 16 Kew Green
Richmond
United Kingdom
Surrey
TW9 3BH





REGISTERED NUMBER: 03505283 (England and Wales)





ACCOUNTANTS: Hamilton Accountants Ltd
14 Upper Halliford Road
Shepperton
Middlesex
TW17 8RY

Priory Management (Richmond) Limited (Registered number: 03505283)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,800 7,281

CURRENT ASSETS
Debtors 5 30,372 31,675
Cash at bank and in hand 177,598 250,555
207,970 282,230
CREDITORS
Amounts falling due within one year 6 80,663 114,584
NET CURRENT ASSETS 127,307 167,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,107

174,927

CAPITAL AND RESERVES
Called up share capital 10,400 10,400
Retained earnings 121,707 164,527
132,107 174,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





J Fielding - Director


Priory Management (Richmond) Limited (Registered number: 03505283)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Priory Management (Richmond) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

Priory Management (Richmond) Limited (Registered number: 03505283)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 137,533 12,000 149,533
DEPRECIATION
At 1 May 2022 137,452 4,800 142,252
Charge for year 81 2,400 2,481
At 30 April 2023 137,533 7,200 144,733
NET BOOK VALUE
At 30 April 2023 - 4,800 4,800
At 30 April 2022 81 7,200 7,281

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 30,372 31,675

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,063
Trade creditors 11,875 12,717
Taxation and social security 54,056 72,067
Other creditors 14,732 27,737
80,663 114,584

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
J Fielding
Balance outstanding at start of year 10,041 20,041
Amounts advanced 8,200 10,000
Amounts repaid (10,000 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,241 10,041

Priory Management (Richmond) Limited (Registered number: 03505283)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ms I Granleese
Balance outstanding at start of year (3,769 ) (1,630 )
Amounts advanced 40,361 154,026
Amounts repaid (34,251 ) (156,165 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,341 (3,769 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is J Fielding.

Priory Management (Richmond) Limited

Report of the Accountants to the Directors of
Priory Management (Richmond) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Hamilton Accountants Ltd
14 Upper Halliford Road
Shepperton
Middlesex
TW17 8RY


17 October 2023