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Priory Place (Thetford) Management Company Limited
Registered Number:02386983
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2023
Priory Place (Thetford) Management Company Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
02386983
As at 30 June 2023
Priory Place (Thetford) Management Company Limited
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
Trade and other receivables
35,861
31,860
2
25,921
Cash and cash equivalents
28,126
59,986
61,782
Trade and other payables: amounts falling due within
one year
(25,773)
(29,153)
3
36,009
30,833
Net current assets
Total assets less current liabilities
30,833
36,009
30,833
Net assets
36,009
Capital and reserves
Retained earnings
30,833
36,009
30,833
36,009
Members' Funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Ian George Mcardle Director
Mrs Wendy Ann Gamble Director
These financial statements were approved and authorised for issue by the Board on 06 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2023
Priory Place (Thetford) Management Company Limited
Notes to the Financial Statements
Statutory Information
Priory Place (Thetford) Management Company Limited is a private limited company, limited by
guarantee, domiciled in England and Wales, registration number 02386983.
Registered address:
c/o Minstergate House
1 White Hart Street
Thetford
Norfolk
IP24 1AA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
2. Trade and other receivables
2022
2023
£
£
Trade debtors
21,112
26,822
Other debtors
10,748
9,039
35,861
31,860
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
8,948
5,568
Other creditors
20,205
20,205
29,153
25,773
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5
For the year ended 30 June 2023
Priory Place (Thetford) Management Company Limited
Notes to the Financial Statements Continued
4. Related party transactions
The whole of the turnover of the company is with related parties as it represents either service charges or
other income in respect of the flats at Ben Culey Drive. Each guarantor member holds a leasehold
interest in the freehold owned by the management company for which no payment is received.
5. Average number of persons employed
During the year the average number of employees was 0
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