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REGISTERED NUMBER: 05072480 (England and Wales)















PRIORY ESTATES (ESSEX) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






PRIORY ESTATES (ESSEX) LIMITED (REGISTERED NUMBER: 05072480)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


PRIORY ESTATES (ESSEX) LIMITED (REGISTERED NUMBER: 05072480)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 214,059 213,756
214,059 213,756

CURRENT ASSETS
Debtors 6 192,381 191,906
Cash at bank and in hand 100,418 87,206
292,799 279,112
CREDITORS
Amounts falling due within one year 7 (35,797 ) (26,940 )
NET CURRENT ASSETS 257,002 252,172
TOTAL ASSETS LESS CURRENT LIABILITIES 471,061 465,928

CREDITORS
Amounts falling due after more than one year 8 (19,170 ) (29,170 )

PROVISIONS FOR LIABILITIES (4,378 ) (3,270 )
NET ASSETS 447,513 433,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 447,413 433,388
SHAREHOLDERS' FUNDS 447,513 433,488

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 director acknowledges his 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.

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 director and authorised for issue on 25 March 2025 and were signed by:





J Rees - Director


PRIORY ESTATES (ESSEX) LIMITED (REGISTERED NUMBER: 05072480)

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


1. STATUTORY INFORMATION

Priory Estates (Essex) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05072480

Registered office: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% straight line
Plant and machinery - 33% on cost
Fixtures and fittings - 10% straight line
Motor vehicles - 33% 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.

PRIORY ESTATES (ESSEX) LIMITED (REGISTERED NUMBER: 05072480)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 100,000
AMORTISATION
At 1 July 2023
and 30 June 2024 100,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 July 2023 167,471 13,000 15,936
Additions - - -
Disposals - - -
At 30 June 2024 167,471 13,000 15,936
DEPRECIATION
At 1 July 2023 - - -
Charge for year - - -
Eliminated on disposal - - -
At 30 June 2024 - - -
NET BOOK VALUE
At 30 June 2024 167,471 13,000 15,936
At 30 June 2023 167,471 13,000 15,936

PRIORY ESTATES (ESSEX) LIMITED (REGISTERED NUMBER: 05072480)

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


5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 29,029 22,254 26,200 273,890
Additions - 1,141 5,800 6,941
Disposals - - (26,200 ) (26,200 )
At 30 June 2024 29,029 23,395 5,800 254,631
DEPRECIATION
At 1 July 2023 25,652 11,706 22,776 60,134
Charge for year 844 1,645 725 3,214
Eliminated on disposal - - (22,776 ) (22,776 )
At 30 June 2024 26,496 13,351 725 40,572
NET BOOK VALUE
At 30 June 2024 2,533 10,044 5,075 214,059
At 30 June 2023 3,377 10,548 3,424 213,756

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 192,381 191,906

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,140 953
Taxation and social security 25,803 23,574
Other creditors 5,854 2,413
35,797 26,940

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 19,170 29,170