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Registration number: 13450574

THE PRIORY ELEVEN ZERO ONE LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

THE PRIORY ELEVEN ZERO ONE LIMITED

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Financial Statements

9 to 11

iXBRL Detailed Profit and Loss Account

12

 

THE PRIORY ELEVEN ZERO ONE LIMITED

Company Information

Directors

MR ROBERT HASLAM

Mr CHUN FAI NG

Mr SEVDALIN AGUSHEV

Mrs VITA WHITAKER

Registered office

64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

Accountants

Jacques and Associates Ltd ICPA
Accountant64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

 

THE PRIORY ELEVEN ZERO ONE LIMITED

Directors' Report for the Year Ended 31 October 2024

The directors present their report and the financial statements for the year ended 31 October 2024.

Directors of the company

The directors who held office during the year were as follows:

SEVO LIMITED (ceased 1 August 2024)

MR ROBERT HASLAM

Mr CHUN FAI NG

Mr SEVDALIN AGUSHEV (appointed 1 August 2024)

Mrs VITA WHITAKER

Principal activity

The principal activity of the company is event cateriing activities

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

.........................................
MR ROBERT HASLAM
Director

.........................................
Mr CHUN FAI NG
Director

.........................................
Mr SEVDALIN AGUSHEV
Director

.........................................
Mrs VITA WHITAKER
Director

 

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
THE PRIORY ELEVEN ZERO ONE LIMITED
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of THE PRIORY ELEVEN ZERO ONE LIMITED for the year ended 31 October 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of THE PRIORY ELEVEN ZERO ONE LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of THE PRIORY ELEVEN ZERO ONE LIMITED and state those matters that we have agreed to state to the Board of Directors of THE PRIORY ELEVEN ZERO ONE LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE PRIORY ELEVEN ZERO ONE LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that THE PRIORY ELEVEN ZERO ONE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of THE PRIORY ELEVEN ZERO ONE LIMITED. You consider that THE PRIORY ELEVEN ZERO ONE LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of THE PRIORY ELEVEN ZERO ONE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jacques and Associates Ltd ICPA
Accountant
64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

11 June 2025

 

THE PRIORY ELEVEN ZERO ONE LIMITED

Profit and Loss Account for the Year Ended 31 October 2024

Note

2024
£

2023
£

Turnover

 

8,089

-

Cost of sales

 

(44,162)

(48,410)

Gross loss

 

(36,073)

(48,410)

Distribution costs

 

(395)

-

Administrative expenses

 

(2,650)

(631)

Operating loss

 

(39,118)

(49,041)

Interest payable and similar expenses

 

(10)

-

Loss before tax

(39,128)

(49,041)

Loss for the financial year

 

(39,128)

(49,041)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

THE PRIORY ELEVEN ZERO ONE LIMITED

Statement of Comprehensive Income for the Year Ended 31 October 2024

2024
£

2023
£

Loss for the year

(39,128)

(49,041)

Total comprehensive income for the year

(39,128)

(49,041)

 

THE PRIORY ELEVEN ZERO ONE LIMITED

(Registration number: 13450574)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,576

-

Cash at bank and in hand

 

274

637

 

1,850

637

Creditors: Amounts falling due within one year

5

(115,652)

(75,311)

Net liabilities

 

(113,802)

(74,674)

Capital and reserves

 

Called up share capital

6

4

4

Retained earnings

(113,806)

(74,678)

Shareholders' deficit

 

(113,802)

(74,674)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

.........................................
MR ROBERT HASLAM
Director

.........................................
Mr CHUN FAI NG
Director

.........................................
Mr SEVDALIN AGUSHEV
Director

 

THE PRIORY ELEVEN ZERO ONE LIMITED

(Registration number: 13450574)
Balance Sheet as at 31 October 2024

.........................................
Mrs VITA WHITAKER
Director

 

THE PRIORY ELEVEN ZERO ONE LIMITED

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Retained earnings
£

Total
£

At 1 November 2023

4

(74,678)

(74,674)

Loss for the year

-

(39,128)

(39,128)

At 31 October 2024

4

(113,806)

(113,802)

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

4

(25,637)

(25,633)

Loss for the year

-

(49,041)

(49,041)

At 31 October 2023

4

(74,678)

(74,674)

 

THE PRIORY ELEVEN ZERO ONE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

The principal place of business is:
THE PRIORY CENTRE
PRIORY PLAIN
GREAT YARMOUTH
NR30 1NW

These financial statements were authorised for issue by the Board on 11 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

THE PRIORY ELEVEN ZERO ONE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

4

Debtors

Current

2024
£

2023
£

Other debtors

1,576

-

 

1,576

-

 

THE PRIORY ELEVEN ZERO ONE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,270

1,270

Accruals and deferred income

274

-

Other creditors

114,108

74,041

115,652

75,311

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

4

4

4

4

       
 

THE PRIORY ELEVEN ZERO ONE LIMITED

iXBRL Detailed Profit and Loss Account for the Year Ended 31 October 2024

2024
£

2023
£

Turnover/revenue

8,089

-

Cost of sales

Opening stock/inventories

-

-

Purchase of raw materials and consumables

(930)

-

Closing stock/inventories

-

-

Rent, rates and services costs

(3,500)

-

Utilities costs

(166)

-

Property repairs and maintenance

(3,500)

-

Wages and salaries excluding directors

(34,468)

(44,269)

Social security costs excluding directors

(990)

(3,323)

Pension costs defined contribution schemes excluding directors

(608)

(818)

Staff costs excluding directors

(36,066)

(48,410)

Gross loss

(36,073)

(48,410)

Distribution costs

Subcontractor costs

(395)

-

Administrative expenses

Audit and accountancy other services

(240)

(240)

Travel and subsistence

(1,216)

-

Legal and professional costs

(34)

(353)

Bank charges

(5)

(10)

IT and computing

(300)

-

Printing, postage and stationery

(855)

-

Other costs

-

(28)

Other operating income

Other items

Loss on ordinary activities before finance charges and interest

(39,118)

(49,041)

Non-bank interest and similar charges

(10)

-

Loss for the financial year

(39,128)

(49,041)