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Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Priory Court (Reigate) Management Ltd

Priory Court (Reigate) Management Ltd (Registered number: 02986804)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Priory Court (Reigate) Management Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J M Curl
Mrs J Riiser
C Pelekani
Mrs F Pelekani
A Hoad





REGISTERED OFFICE: C/0 White & Sons
Reeve House
Parsonage Square
Dorking
Surrey
RH4 1UP





REGISTERED NUMBER: 02986804 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Priory Court (Reigate) Management Ltd (Registered number: 02986804)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,141 19,141

CURRENT ASSETS
Debtors 5 1,004 904
Cash at bank 38,707 36,540
39,711 37,444
CREDITORS
Amounts falling due within one year 6 2,611 2,644
NET CURRENT ASSETS 37,100 34,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,241

53,941

RESERVES
Income and expenditure account 56,241 53,941
56,241 53,941

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 surplus or deficit 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





Mrs J Riiser - Director


Priory Court (Reigate) Management Ltd (Registered number: 02986804)

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


1. STATUTORY INFORMATION

Priory Court (Reigate) Management Ltd is a private company, limited by guarantee , 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 represents service charges collected from flat owners.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - nil
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Priory Court (Reigate) Management Ltd (Registered number: 02986804)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 19,141 710 19,851
DEPRECIATION
At 1 December 2022
and 30 November 2023 - 710 710
NET BOOK VALUE
At 30 November 2023 19,141 - 19,141
At 30 November 2022 19,141 - 19,141

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued income - 117
Prepayments 1,004 787
1,004 904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 134 133
Tax 29 4
Accruals and deferred income 2,448 2,507
2,611 2,644

7. ULTIMATE CONTROLLING PARTY

The company is under the control of the Board of Directors.

8. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. Each flat owner is entitled to attend and vote at AGM's etc. In the event of the company ceasing to trade then each member is liable to contribute £1 to the company.