Priory Blackburn Ltd 14754122 false 2023-03-24 2023-12-31 2023-12-31 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 14754122 2023-03-24 2023-12-31 14754122 2023-12-31 14754122 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14754122 core:Non-currentFinancialInstruments 2023-12-31 14754122 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 14754122 bus:SmallEntities 2023-03-24 2023-12-31 14754122 bus:AuditExemptWithAccountantsReport 2023-03-24 2023-12-31 14754122 bus:FilletedAccounts 2023-03-24 2023-12-31 14754122 bus:SmallCompaniesRegimeForAccounts 2023-03-24 2023-12-31 14754122 bus:RegisteredOffice 2023-03-24 2023-12-31 14754122 bus:Director1 2023-03-24 2023-12-31 14754122 bus:Director2 2023-03-24 2023-12-31 14754122 bus:Director3 2023-03-24 2023-12-31 14754122 bus:Director4 2023-03-24 2023-12-31 14754122 bus:PrivateLimitedCompanyLtd 2023-03-24 2023-12-31 14754122 countries:EnglandWales 2023-03-24 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 14754122

Priory Blackburn Ltd

Unaudited Filleted Financial Statements

for the Period from 24 March 2023 to 31 December 2023

 

Priory Blackburn Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Priory Blackburn Ltd

Company Information

Directors

Mr Aren Van Dam

Mr Arie Johannes Maarten Van Dam

Mr Elisha Sjemtov Evers

Mr Cornelis Maartinus Verkade

Registered office

8 Rodborough Road
London
London
NW11 8RY

Accountants

GILBERT ALLAN & CO
8 Rodborough Road
London
London
NW11 8RY

 

Priory Blackburn Ltd

(Registration number: 14754122)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Investment property

4

9,807,117

Creditors: Amounts falling due within one year

6

(141,323)

Total assets less current liabilities

 

9,665,794

Creditors: Amounts falling due after more than one year

6

(7,744,698)

Net assets

 

1,921,096

Capital and reserves

 

Called up share capital

100

Other reserves

1,906,605

Retained earnings

14,391

Shareholders' funds

 

1,921,096

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 

.........................................
Mr Aren Van Dam
Director

.........................................
Mr Arie Johannes Maarten Van Dam
Director

 

Priory Blackburn Ltd

(Registration number: 14754122)
Balance Sheet as at 31 December 2023

.........................................
Mr Elisha Sjemtov Evers
Director

.........................................
Mr Cornelis Maartinus Verkade
Director

 

Priory Blackburn Ltd

Notes to the Unaudited Financial Statements for the Period from 24 March 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 Rodborough Road
London
London
NW11 8RY
United Kingdom

These financial statements were authorised for issue by the Board on 9 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Priory Blackburn Ltd

Notes to the Unaudited Financial Statements for the Period from 24 March 2023 to 31 December 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4

Investment properties

2023
£

Additions

9,807,117

At 31 December

9,807,117

There has been no valuation of investment property by an independent valuer.

 

Priory Blackburn Ltd

Notes to the Unaudited Financial Statements for the Period from 24 March 2023 to 31 December 2023

5

Debtors

Current

2023
£

 

-

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

9,367

Accruals and deferred income

131,956

141,323

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

7

7,744,698

7

Loans and borrowings

Non-current loans and borrowings

2023
£

Other borrowings

7,744,698