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REGISTERED NUMBER: 00581604 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

PRIORY HILL PROPERTY & INVESTMENT CO.
LIMITED

PRIORY HILL PROPERTY & INVESTMENT CO.
LIMITED (Registered number: 00581604)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIORY HILL PROPERTY & INVESTMENT CO.
LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Jaques
K Jaques
R Jaques





SECRETARY: A Jaques





REGISTERED OFFICE: 1 Anchor Cottage
Colhugh Street
Llantwit Major
Vale of Glamorgan
CF61 1RE





REGISTERED NUMBER: 00581604 (England and Wales)





ACCOUNTANTS: Fernlea Accounting Limited
84 Fernlea Park
Bryncoch
Neath
SA10 7SX

PRIORY HILL PROPERTY & INVESTMENT CO.
LIMITED (Registered number: 00581604)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 458,000 458,000
458,000 458,000

CURRENT ASSETS
Cash at bank 661,833 648,185

CREDITORS
Amounts falling due within one year 6 569,064 575,749
NET CURRENT ASSETS 92,769 72,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,769

530,436

PROVISIONS FOR LIABILITIES 95,000 95,000
NET ASSETS 455,769 435,436

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 453,769 433,436
SHAREHOLDERS' FUNDS 455,769 435,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 profit or loss 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.

PRIORY HILL PROPERTY & INVESTMENT CO.
LIMITED (Registered number: 00581604)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2024 and were signed on its behalf by:





A Jaques - Director


PRIORY HILL PROPERTY & INVESTMENT CO.
LIMITED (Registered number: 00581604)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

PRIORY HILL PROPERTY & INVESTMENT CO. LIMITED is a private company, limited by shares , 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 as modified by the revaluation of certain assets.

Tangible fixed assets
The fixed assets have been fully depreciated.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 (2023 - NIL).

PRIORY HILL PROPERTY & INVESTMENT CO.
LIMITED (Registered number: 00581604)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023
and 31 March 2024 1,576
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,576
NET BOOK VALUE
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 458,000
NET BOOK VALUE
At 31 March 2024 458,000
At 31 March 2023 458,000

The directors' did not carry out a professional valuation of the Investment Property at the year end, however they carried out their own fair valuation of the property and are satisfied with the amount stated in the note above.

Fair value at 31 March 2024 is represented by:
£
Valuation in 1982 25,000
Valuation in 2005 77,977
Valuation in 2017 338,440
Valuation in 2023 (11,000 )
Cost 27,583
458,000

PRIORY HILL PROPERTY & INVESTMENT CO.
LIMITED (Registered number: 00581604)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Taxation and social security 4,770 12,686
Other creditors 564,294 563,063
569,064 575,749

7. RESERVES

Within the retained earnings, £333,443 is non-distributable reserves in relation to the revaluation gain on the investment property.