Registered number
11487959
Priestley Investments (Holdings) Ltd
Filleted Accounts
31 December 2023
Priestley Investments (Holdings) Ltd
Registered number: 11487959
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 4,717,340 4,811,530
Current assets
Debtors 4 1 1
Creditors: amounts falling due within one year 5 (4) (4)
Net current liabilities (3) (3)
Net assets 4,717,337 4,811,527
Capital and reserves
Called up share capital 1 1
Revaluation reserve 6 4,717,336 4,811,526
Shareholder's funds 4,717,337 4,811,527
The directors are 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 directors acknowledge their 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.
Derry Ellen Mcculloch
Director
Approved by the board on 20 June 2025
Priestley Investments (Holdings) Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 January 2023 4,811,530
Revaluation (94,190)
At 31 December 2023 4,717,340
4 Debtors 2023 2022
£ £
Trade debtors 1 1
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4 4
6 Revaluation reserve 2023 2022
£ £
At 1 January 2023 4,811,526 -
(Loss)/gain on revaluation of land and buildings (94,190) 4,811,526
At 31 December 2023 4,717,336 4,811,526
7 Other information
Priestley Investments (Holdings) Ltd 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
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