Priestley Investments (CH) Limited |
Registered number: |
12468012 |
Balance Sheet |
as at 31 December 2022 |
|
Notes |
31/12/22 |
27/2/22 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
3,917,999 |
|
|
2,545,553 |
|
Current assets |
Cash at bank and in hand |
|
|
1 |
|
|
1 |
|
Creditors: amounts falling due within one year |
4 |
|
(893,799) |
|
|
(904,147) |
|
Net current liabilities |
|
|
|
(893,798) |
|
|
(904,146) |
|
Total assets less current liabilities |
|
|
|
3,024,201 |
|
|
1,641,407 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(1,952,284) |
|
|
(1,637,284) |
|
Provisions for liabilities |
|
|
|
(200,915) |
|
|
- |
|
|
Net assets |
|
|
|
871,002 |
|
|
4,123 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Revaluation reserve |
6 |
|
|
856,531 |
|
|
- |
Profit and loss account |
|
|
|
14,470 |
|
|
4,122 |
|
Shareholder's funds |
|
|
|
871,002 |
|
|
4,123 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
Derry Ellen McCulloch |
Director |
Approved by the board on 19 February 2024 |
|
Priestley Investments (CH) Limited |
Notes to the Accounts |
for the period from 28 February 2022 to 31 December 2022 |
|
|
1 |
Accounting policies |
|
|
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. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
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. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
2 |
Employees |
31/12/22 |
27/2/22 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
£ |
|
Cost |
|
At 28 February 2022 |
2,545,553 |
|
Additions |
315,000 |
|
Surplus on revaluation |
1,057,446 |
|
At 31 December 2022 |
3,917,999 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2022 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2022 |
3,917,999 |
|
At 27 February 2022 |
2,545,553 |
|
|
4 |
Creditors: amounts falling due within one year |
31/12/22 |
27/2/22 |
£ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
892,832 |
|
903,180 |
|
Taxation and social security costs |
967 |
|
967 |
|
|
|
|
|
|
893,799 |
|
904,147 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
31/12/22 |
27/2/22 |
£ |
£ |
|
|
Bank loans |
1,952,284 |
|
1,637,284 |
|
|
|
|
|
|
|
|
|
|
6 |
Revaluation reserve |
31/12/22 |
27/2/22 |
£ |
£ |
|
|
Gain on revaluation of buildings |
1,057,446 |
|
- |
|
Deferred taxation arising on the revaluation of land and buildings |
(200,915) |
|
- |
|
|
At 31 December 2022 |
856,531 |
|
- |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
Priestley Investments (CH) Limited 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 |