Registered number
11907414
Priestley Castleford Limited
Filleted Accounts
28 March 2024
Priestley Castleford Limited
Registered number: 11907414
Balance Sheet
as at 28 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 453,607 403,607
Current assets
Debtors 4 24,203 16,564
Creditors: amounts falling due within one year 5 (49,111) 3,908
Net current assets (24,908) 20,472
Total assets less current liabilities 428,699 424,079
Creditors: amounts falling due after more than one year 6 (285,000) (285,000)
Net assets 143,699 139,079
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 445,750 395,750
Profit and loss account (302,052) (256,672)
Shareholder's funds 143,699 139,079
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The property has been revalued to reflect its current fair market value. This has been accomplished by comparing the property to similar properties that have been recently sold and by considering other factors like rental income. This is not an official valuation and has been carried out by the company management.
Nathan Ronald Priestley
Director
Approved by the board on 23 April 2025
Priestley Castleford Limited
Notes to the Accounts
for the period from 30 March 2023 to 28 March 2024
1 Accounting policies
Basis of preparation
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
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.
Creditors
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 30 March 2023 400,000 3,607 403,607
Additions 50,000 - 50,000
At 28 March 2024 450,000 3,607 453,607
Depreciation
At 28 March 2024 - - -
Net book value
At 28 March 2024 450,000 3,607 453,607
At 29 March 2023 400,000 3,607 403,607
4 Debtors 2024 2023
£ £
Trade debtors 8,160 8,160
Directors Loan Account 4,900 4,900
Other debtors 11,143 3,504
24,203 16,564
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 31,814 14,786
Amounts owed to group undertakings and undertakings in which the company has a participating interest 16,533 (19,458)
Other creditors 764 764
49,111 (3,908)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 285,000 285,000
7 Revaluation reserve 2024 2023
£ £
At 30 March 2023 395,750 395,750
Gain on revaluation of land and buildings 50,000 -
At 28 March 2024 445,750 395,750
8 Other information
Priestley Castleford Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor Offices
Marygate House
2 Marygate
Wakefield
WF1 1NX
Priestley Castleford Limited 11907414 false 2023-03-30 2024-03-28 2024-03-28 VT Final Accounts April 2025 Nathan Ronald Priestley No description of principal activity 11907414 2022-03-30 2023-03-29 11907414 core:RevaluationReserve core:LandBuildings 2022-03-30 2023-03-29 11907414 core:WithinOneYear 2023-03-29 11907414 core:AfterOneYear 2023-03-29 11907414 core:ShareCapital 2023-03-29 11907414 core:OtherReservesSubtotal 2023-03-29 11907414 core:RetainedEarningsAccumulatedLosses 2023-03-29 11907414 core:RevaluationReserve 2022-03-29 11907414 2023-03-30 2024-03-28 11907414 bus:PrivateLimitedCompanyLtd 2023-03-30 2024-03-28 11907414 bus:AuditExempt-NoAccountantsReport 2023-03-30 2024-03-28 11907414 bus:Director40 2023-03-30 2024-03-28 11907414 1 2023-03-30 2024-03-28 11907414 2 2023-03-30 2024-03-28 11907414 core:LandBuildings 2023-03-30 2024-03-28 11907414 core:PlantMachinery 2023-03-30 2024-03-28 11907414 core:RevaluationReserve core:LandBuildings 2023-03-30 2024-03-28 11907414 countries:England 2023-03-30 2024-03-28 11907414 bus:FRS102 2023-03-30 2024-03-28 11907414 bus:FilletedAccounts 2023-03-30 2024-03-28 11907414 2024-03-28 11907414 core:WithinOneYear 2024-03-28 11907414 core:AfterOneYear 2024-03-28 11907414 core:ShareCapital 2024-03-28 11907414 core:OtherReservesSubtotal 2024-03-28 11907414 core:RetainedEarningsAccumulatedLosses 2024-03-28 11907414 core:LandBuildings 2024-03-28 11907414 core:PlantMachinery 2024-03-28 11907414 core:RevaluationReserve 2024-03-28 11907414 2023-03-29 11907414 core:LandBuildings 2023-03-29 11907414 core:PlantMachinery 2023-03-29 11907414 core:RevaluationReserve 2023-03-29 iso4217:GBP xbrli:pure