Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truefalsefalse2023-01-101trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14582132 2023-01-09 14582132 2023-01-10 2024-01-31 14582132 2022-01-10 2023-01-09 14582132 2024-01-31 14582132 c:Director1 2023-01-10 2024-01-31 14582132 d:ComputerEquipment 2023-01-10 2024-01-31 14582132 d:ComputerEquipment 2024-01-31 14582132 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-10 2024-01-31 14582132 d:CurrentFinancialInstruments 2024-01-31 14582132 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14582132 d:ShareCapital 2024-01-31 14582132 d:RetainedEarningsAccumulatedLosses 2024-01-31 14582132 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 14582132 c:OrdinaryShareClass1 2023-01-10 2024-01-31 14582132 c:OrdinaryShareClass1 2024-01-31 14582132 c:FRS102 2023-01-10 2024-01-31 14582132 c:AuditExempt-NoAccountantsReport 2023-01-10 2024-01-31 14582132 c:FullAccounts 2023-01-10 2024-01-31 14582132 c:PrivateLimitedCompanyLtd 2023-01-10 2024-01-31 14582132 2 2023-01-10 2024-01-31 14582132 e:PoundSterling 2023-01-10 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14582132














PRIORY WALK LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2024

 
PRIORY WALK LTD
REGISTERED NUMBER:14582132

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
3,802

  
3,802

Current assets
  

Debtors: amounts falling due within one year
 5 
123,783

Cash at bank and in hand
 6 
90,322

  
214,105

Creditors: amounts falling due within one year
 7 
(70,669)

Net current assets
  
 
 
143,436

Total assets less current liabilities
  
147,238

Provisions for liabilities
  

Deferred tax
 8 
(951)

  
 
 
(951)

Net assets
  
146,287


Capital and reserves
  

Called up share capital 
 9 
1

Profit and loss account
  
146,286

  
146,287


1

 
PRIORY WALK LTD
REGISTERED NUMBER:14582132
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A E Geddes
Director

Date: 11 November 2024

2

 
PRIORY WALK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Priory Walk Ltd is a private company limited by shares, registered in England and Wales, registration number 14582132. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The company was incorporated and began trading on 10 January 2023.
 

The principal activity of the company is the provision of project management services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006.
The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from project management services is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3

 
PRIORY WALK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

4

 
PRIORY WALK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

 Financial instruments

The company The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties..


3.

Employees



The average monthly number of employees, including the director, during the period was 1.


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
4,721



At 31 January 2024

4,721



Depreciation


Charge for the period 
919



At 31 January 2024

919



Net book value



At 31 January 2024
3,802


5.


Debtors

2024
£

5

 
PRIORY WALK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

5.Debtors (continued)


Trade debtors
27,240

Other debtors
94,528

Prepayments and accrued income
2,015

123,783



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
90,322



7.


Creditors: Amounts falling due within one year

2024
£

Corporation tax
44,537

Other taxation and social security
21,132

Accruals
5,000

70,669



8.


Deferred taxation



2024


£






Charged to profit or loss
(951)



At end of year
(951)

The deferred taxation balance is made up as follows:

2024
£


Accelerated capital allowances
(951)

(951)


9.


Share capital

2024
6

 
PRIORY WALK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

9.Share capital (continued)

£
Allotted, called up and fully paid


1 Ordinary share of £1
1

On incorporation, 1 ordinary share were issued at par.



10.


Transactions with director

As at the year end, the director owed the company £94,528. The loan is charged at the official HMRC rate of interest, unsecured, and repayable on demand. 

 
7