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REGISTERED NUMBER: 12038011 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 June 2024

for

Priory Housing Ltd

Priory Housing Ltd (Registered number: 12038011)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Priory Housing Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs J Varga
N Varga
A Tatani
Miss J A Varga
A Varga





REGISTERED OFFICE: The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE





REGISTERED NUMBER: 12038011 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Priory Housing Ltd (Registered number: 12038011)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Investments 4 100 100
Investment property 5 216,533 -
216,633 100

CURRENT ASSETS
Debtors 6 95 -
Cash at bank 61,903 157,685
61,998 157,685
CREDITORS
Amounts falling due within one year 7 216,035 109,838
NET CURRENT (LIABILITIES)/ASSETS (154,037 ) 47,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,596

47,947

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,496 47,847
62,596 47,947

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 Housing Ltd (Registered number: 12038011)

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.

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 20 September 2024 and were signed on its behalf by:





A Tatani - Director


Priory Housing Ltd (Registered number: 12038011)

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

1. STATUTORY INFORMATION

Priory Housing Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

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.

Priory Housing Ltd (Registered number: 12038011)

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 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 216,533
At 30 June 2024 216,533
NET BOOK VALUE
At 30 June 2024 216,533

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 95 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to group undertakings - 105
Tax 9,512 5,386
Social security and other taxes 322 658
Other creditors 202,229 102,440
Directors' current accounts 1,500 320
Accruals and deferred income 2,472 929
216,035 109,838

Priory Housing Ltd (Registered number: 12038011)

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

8. RELATED PARTY DISCLOSURES

During the year a further loan was advanced of £100,000 from Just Homes Investments Limited a company under the common control of the directors. The amount owing is represented in other creditors, the loan is non interest bearing and repayable on demand. The balance owing at the year end date to Just Homes Investments Limited is £200,000.