Priory Homes Group Ltd Filleted Accounts Cover
Priory Homes Group Ltd
Company No. 12658891
Information for Filing with The Registrar
31 March 2024
Priory Homes Group Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was construction of domestic buildings.
Directors
The Directors who served at any time during the year were as follows:
C.J. Cooper
S. Webb
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
C.J. Cooper
Director
06 August 2024
Priory Homes Group Ltd Balance Sheet Registrar
at
31 March 2024
Company No.
12658891
Notes
2024
2023
£
£
Current assets
Debtors
4
4,3784,283
Cash at bank and in hand
34,73965,131
39,11769,414
Creditors: Amount falling due within one year
5
(108)
(1)
Net current assets
39,00969,413
Total assets less current liabilities
39,00969,413
Creditors: Amounts falling due after more than one year
6
(50,000)
(80,000)
Net liabilities
(10,991)
(10,587)
Capital and reserves
Profit and loss account
7
(10,991)
(10,587)
Total equity
(10,991)
(10,587)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 06 August 2024 and signed on its behalf by:
C.J. Cooper
Director
06 August 2024
Priory Homes Group Ltd Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Priory Homes Group Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12658891
Its registered office is:
Vantage House, 1a Mid Street
South Nutfield
Surrey
RH1 4JY
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Debtors
2024
2023
£
£
Deferred tax asset
2,5782,483
Prepayments and accrued income
1,8001,800
4,3784,283
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1081
1081
6
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Other loans
50,00080,000
50,00080,000
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Related party disclosures
Transactions with related parties
A Loan has been provided by the Moving Community Network Ltd for £10,000. The loan is unsecured and non interest bearing. The Moving Community Network Ltd shares the same majority shareholder as this company. A loan has been provided by a director (S Webb) to the company of £40,000. The loan is unsecured and non interest bearing.
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