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REGISTERED NUMBER: 03505283 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Priory Management (Richmond) Limited

Priory Management (Richmond) Limited (Registered number: 03505283)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Priory Management (Richmond) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Fielding
Ms I Granleese
Ms I Pilka





SECRETARY:





REGISTERED OFFICE: 16 Kew Green
Richmond
United Kingdom
Surrey
TW9 3BH





REGISTERED NUMBER: 03505283 (England and Wales)





ACCOUNTANTS: Hamilton Accountants Ltd
29 Bakers Orchard
Wooburn Green
Buckinghamshire
HP10 0LS

Priory Management (Richmond) Limited (Registered number: 03505283)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,234 4,800

CURRENT ASSETS
Debtors 5 54,612 30,372
Cash at bank and in hand 168,967 177,598
223,579 207,970
CREDITORS
Amounts falling due within one year 6 96,875 80,663
NET CURRENT ASSETS 126,704 127,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,938

132,107

CREDITORS
Amounts falling due after more than one
year

7

47,759

-
NET ASSETS 147,179 132,107

CAPITAL AND RESERVES
Called up share capital 10,400 10,400
Retained earnings 136,779 121,707
147,179 132,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Management (Richmond) Limited (Registered number: 03505283)

Balance Sheet - continued
30 April 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 14 January 2025 and were signed on its behalf by:





J Fielding - Director


Priory Management (Richmond) Limited (Registered number: 03505283)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Priory Management (Richmond) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

Priory Management (Richmond) Limited (Registered number: 03505283)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 137,533 12,000 149,533
Additions - 66,950 66,950
At 30 April 2024 137,533 78,950 216,483
DEPRECIATION
At 1 May 2023 137,533 7,200 144,733
Charge for year - 3,516 3,516
At 30 April 2024 137,533 10,716 148,249
NET BOOK VALUE
At 30 April 2024 - 68,234 68,234
At 30 April 2023 - 4,800 4,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 54,612 30,372

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,191 -
Trade creditors 12,480 11,875
Taxation and social security 60,561 54,056
Other creditors 20,643 14,732
96,875 80,663

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 47,759 -

Priory Management (Richmond) Limited (Registered number: 03505283)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
J Fielding
Balance outstanding at start of year 8,241 10,041
Amounts advanced - 8,200
Amounts repaid (8,200 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41 8,241

Ms I Granleese
Balance outstanding at start of year 2,341 (3,769 )
Amounts advanced 61,615 40,361
Amounts repaid (40,447 ) (34,251 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,509 2,341

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Fielding.

Priory Management (Richmond) Limited

Report of the Accountants to the Directors of
Priory Management (Richmond) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Hamilton Accountants Ltd
29 Bakers Orchard
Wooburn Green
Buckinghamshire
HP10 0LS


14 January 2025