REGISTERED NUMBER: 00236082 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

J J PRIOR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Prior

REGISTERED OFFICE:

Prior House

Ballast Quay Road

Fingringhoe

Colchester

Essex

CO5 7DB

REGISTERED NUMBER:

00236082 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

1,377,482

1,440,378

CURRENT ASSETS

Stocks

-

16,085

Debtors

5

4,836

143,238

Cash at bank and in hand

521,623

213,907

526,459

373,230

CREDITORS

Amounts falling due within one year

6

(17,472

)

(167,598

)

NET CURRENT ASSETS

508,987

205,632

TOTAL ASSETS LESS CURRENT LIABILITIES

1,886,469

1,646,010

CREDITORS

Amounts falling due after more than one year

7

-

(26,720

)

NET ASSETS

1,886,469

1,619,290

CAPITAL AND RESERVES

Called up share capital

9

25,000

25,000

Revaluation reserve

1,222,957

1,222,957

Capital redemption reserve

139,000

139,000

Retained earnings

499,512

232,333

SHAREHOLDERS' FUNDS

1,886,469

1,619,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 5 June 2025 and were signed by:

M S Prior - Director

1.	STATUTORY INFORMATION

J J Prior Limited 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.

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 from sales of aggregate transportation is recognised at the date the aggregate is delivered to the customer and signed off by the customer. Turnover represents the fair value of the consideration received or receivable excluding discounts, rebates, VAT and other sales taxes or duty.

Brewery Wharf annual rent is received in advance in 4 equal installments in accordance with the annual lease agreement.

Rental income from annual shoot and phone mast agreements are recognised over the duration of the contract.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property - over 30 years

Plant and machinery - 10% on cost

Fixtures and fittings - 10% on reducing balance

Motor vehicles - 10% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

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 plan for its employees. A define contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern

The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Government support

Included in bank loans is a bounce back loan which is guaranteed by the government. As part of the bounce back loan scheme the government paid the first year of interest on the loan.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

1,428,463

156,922

1,934

10,000

1,597,319

Disposals

(9

)

(109,716

)

(1,934

)

-

(111,659

)

At 31 December 2024

1,428,454

47,206

-

10,000

1,485,660

DEPRECIATION

At 1 January 2024

78,540

75,941

1,460

1,000

156,941

Charge for year

8,726

11,255

12

1,000

20,993

Eliminated on disposal

-

(68,284

)

(1,472

)

-

(69,756

)

At 31 December 2024

87,266

18,912

-

2,000

108,178

NET BOOK VALUE

At 31 December 2024

1,341,188

28,294

-

8,000

1,377,482

At 31 December 2023

1,349,923

80,981

474

9,000

1,440,378

Included within freehold property is £1,166,658 of non-depreciable land (2023: £1,166,667).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

914

120,004

Other debtors

3,922

23,234

4,836

143,238

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

10,119

Hire purchase contracts (see note 8)

-

11,074

Trade creditors

4,421

14,635

Taxation and social security

7,706

51,645

Other creditors

5,345

80,125

17,472

167,598

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

15,659

Hire purchase contracts (see note 8)

-

11,061

-

26,720

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2024

2023

£

£

Net obligations repayable:

Within one year

-

11,074

Between one and five years

-

11,061

-

22,135

Non-cancellable

operating leases

2024

2023

£

£

Within one year

-

9,201

Between one and five years

-

4,751

-

13,952

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

25,000

Ordinary

£1

25,000

25,000