PRIESTLEY HOMES LIMITED

Company Registration Number:
08281613 (England and Wales)

Unaudited abridged accounts for the year ended 27 December 2023

Period of accounts

Start date: 30 December 2022

End date: 27 December 2023

PRIESTLEY HOMES LIMITED

Contents of the Financial Statements

for the Period Ended 27 December 2023

Balance sheet
Notes

PRIESTLEY HOMES LIMITED

Balance sheet

As at 27 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 23,457 50,469
Investments: 4 0 3,658,941
Total fixed assets: 23,457 3,709,410
Current assets
Stocks: 744,421 441,506
Debtors:   2,569,289 1,523,231
Cash at bank and in hand: 52,176 70,194
Total current assets: 3,365,886 2,034,931
Creditors: amounts falling due within one year:   (8,269,467) (2,435,780)
Net current assets (liabilities): (4,903,581) (400,849)
Total assets less current liabilities: (4,880,124) 3,308,561
Creditors: amounts falling due after more than one year:   (754,731) (886,024)
Total net assets (liabilities): (5,634,855) 2,422,537
Capital and reserves
Called up share capital: 1 1
Revaluation reserve:503,658,941
Profit and loss account: (5,634,856) (1,236,405)
Shareholders funds: (5,634,855) 2,422,537

The notes form part of these financial statements

PRIESTLEY HOMES LIMITED

Balance sheet statements

For the year ending 27 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 March 2024
and signed on behalf of the board by:

Name: Derry Ellen McCulloch
Status: Director

The notes form part of these financial statements

PRIESTLEY HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PRIESTLEY HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

2. Employees

2023 2022
Average number of employees during the period 6 3

PRIESTLEY HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

3. Tangible Assets

Total
Cost £
At 30 December 2022 109,567
Disposals (63,879)
At 27 December 2023 45,688
Depreciation
At 30 December 2022 59,098
On disposals (36,867)
At 27 December 2023 22,231
Net book value
At 27 December 2023 23,457
At 29 December 2022 50,469

PRIESTLEY HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

4. Fixed investments

3,658,941

PRIESTLEY HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 27 December 2023

5. Revaluation reserve

2023
£
Balance at 30 December 2022 3,658,941
Surplus or deficit after revaluation (3,658,941)
Balance at 27 December 2023 0