Company Registration No. 02865342 (England and Wales)
28 Priory Terrace Limited
Unaudited accounts
for the year ended 31 March 2024
28 Priory Terrace Limited
Unaudited accounts
Contents
28 Priory Terrace Limited
Company Information
for the year ended 31 March 2024
Directors
Mr D C Mascarenhas
Dr Y Liu
Ms E J H Parkes
Mr T E Winterbottom
Ms J H Kim
Secretary
Mr D C Mascarenhas
Company Number
02865342 (England and Wales)
Registered Office
108 Lackford Close
Brundall
Norwich
Norfolk
NR13 5NL
United Kingdom
Accountants
Actagen Accountants
108 Lackford Close
Brundall
Norfolk
NR13 5NL
28 Priory Terrace Limited
Accountants' report
Accountants' report to the board of directors of 28 Priory Terrace Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
28 Priory Terrace Limited for the year ended
31 March 2024 as set out on pages
5 -
6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of 28 Priory Terrace Limited, as a body, in accordance with the terms of our engagement letter dated 19 September 2021. Our work has been undertaken solely to prepare for your approval the accounts of 28 Priory Terrace Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 28 Priory Terrace Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 28 Priory Terrace Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 28 Priory Terrace Limited. You consider that 28 Priory Terrace Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 28 Priory Terrace Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Actagen Accountants
108 Lackford Close
Brundall
Norfolk
NR13 5NL
19 November 2024
28 Priory Terrace Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
7,333
3,730
Creditors: amounts falling due within one year
(370)
(310)
Net current assets
6,963
3,420
Called up share capital
100
100
Profit and loss account
6,863
3,320
Shareholders' funds
6,963
3,420
For the year ending 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Mr D C Mascarenhas
Director
Company Registration No. 02865342
28 Priory Terrace Limited
Notes to the Accounts
for the year ended 31 March 2024
28 Priory Terrace Limited is a private company, limited by shares, registered in England and Wales, registration number 02865342. The registered office is 108 Lackford Close, Brundall, Norwich, Norfolk, NR13 5NL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts. Turnover consists of the estimated charge to shareholders for services provided.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
4
Creditors: amounts falling due within one year
2024
2023
There is no one controlling member of the company as all shares are held equally by the directors.
6
Average number of employees
During the year the average number of employees was 5 (2023: 5).