1 December 2023 false No description of principal activity Taxfiler 2024.6 13750829business:PrivateLimitedCompanyLtd2023-12-012024-11-30 137508292023-11-30 137508292023-12-012024-11-30 13750829business:AuditExempt-NoAccountantsReport2023-12-012024-11-30 13750829business:FilletedAccounts2023-12-012024-11-30 137508292024-11-30 13750829business:Director12023-12-012024-11-30 13750829business:RegisteredOffice2023-12-012024-11-30 137508292023-11-30 13750829core:WithinOneYear2024-11-30 13750829core:WithinOneYear2023-11-30 13750829core:AfterOneYear2024-11-30 13750829core:AfterOneYear2023-11-30 13750829core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 13750829core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 13750829core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 13750829core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 13750829core:PreviouslyStatedAmount2024-11-30 13750829core:PreviouslyStatedAmount2023-11-30 13750829business:SmallEntities2023-12-012024-11-30 13750829countries:EnglandWales2023-12-012024-11-30 137508292022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 13750829 (England and Wales)
Priority Residences Limited Unaudited accounts for the year ended 30 November 2024
Priority Residences Limited Unaudited accounts Contents
Page
- 2 -
Priority Residences Limited Company Information for the year ended 30 November 2024
Director
Chukwudi Uzoho
Company Number
13750829 (England and Wales)
Registered Office
10 Grove Place Hartspring Lane Watford WD25 8AH United Kingdom
- 3 -
Priority Residences Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Investment property
232,816 
232,816 
Current assets
Cash at bank and in hand
7,188 
1,651 
Creditors: amounts falling due within one year
(39,359)
(79,214)
Net current liabilities
(32,171)
(77,563)
Total assets less current liabilities
200,646 
155,254 
Creditors: amounts falling due after more than one year
(207,929)
(158,355)
Net liabilities
(7,283)
(3,101)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(7,284)
(3,102)
Shareholders' funds
(7,283)
(3,101)
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 August 2025 and were signed on its behalf by
Chukwudi Uzoho Director Company Registration No. 13750829
- 4 -
Priority Residences Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Priority Residences Limited is a private company, limited by shares, registered in England and Wales, registration number 13750829. The registered office is 10 Grove Place, Hartspring Lane, Watford, WD25 8AH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 December 2023
232,816 
At 30 November 2024
232,816 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
1,205 
400 
Loans from directors
38,154 
78,814 
39,359 
79,214 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
207,929 
158,355 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 5 -