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REGISTERED NUMBER: 02332903 (England and Wales)













PRIORY BUSINESS PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






PRIORY BUSINESS PARK LIMITED (REGISTERED NUMBER: 02332903)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PRIORY BUSINESS PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs K Reid
Mrs L Bye



REGISTERED OFFICE: Wentworth Terrace
Fitzwilliam
Pontefract
West Yorkshire
WF9 5BZ



REGISTERED NUMBER: 02332903 (England and Wales)



ACCOUNTANTS: Harrison & Co
Chartered Accountants
531 Denby Dale Road West
Calder Grove
Wakefield
West Yorkshire
WF4 3ND



BANKERS: Barclays plc
Leicester
LE87 2BB

PRIORY BUSINESS PARK LIMITED (REGISTERED NUMBER: 02332903)

ABRIDGED BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,160,033 1,153,286

CURRENT ASSETS
Debtors 17,235 15,618
Cash at bank 47,309 37,406
64,544 53,024
CREDITORS
Amounts falling due within one year 478,305 489,540
NET CURRENT LIABILITIES (413,761 ) (436,516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

746,272

716,770

CREDITORS
Amounts falling due after more than one
year

(7,334

)

(15,333

)

PROVISIONS FOR LIABILITIES (1,515 ) (233 )
NET ASSETS 737,423 701,204

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 737,323 701,104
SHAREHOLDERS' FUNDS 737,423 701,204

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 BUSINESS PARK LIMITED (REGISTERED NUMBER: 02332903)

ABRIDGED BALANCE SHEET - continued
30 JUNE 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





Mrs K Reid - Director


PRIORY BUSINESS PARK LIMITED (REGISTERED NUMBER: 02332903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Priory Business Park 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 represents net rents due excluding value added tax,

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 - Straight line over 7 years
Fixtures and fittings - Straight line over 7 years
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2023 - 3 ) .

PRIORY BUSINESS PARK LIMITED (REGISTERED NUMBER: 02332903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 1,152,060 12,481 12,862 1,653 1,179,056
Additions - - 8,586 - 8,586
At 30 June 2024 1,152,060 12,481 21,448 1,653 1,187,642
DEPRECIATION
At 1 July 2023 - 11,255 12,862 1,653 25,770
Charge for year - 613 1,226 - 1,839
At 30 June 2024 - 11,868 14,088 1,653 27,609
NET BOOK VALUE
At 30 June 2024 1,152,060 613 7,360 - 1,160,033
At 30 June 2023 1,152,060 1,226 - - 1,153,286

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 15,333 23,333