Priory Hill Limited Company accounts

COMPANY REGISTRATION NUMBER: 00502373

PRIORY HILL LIMITED

UNAUDITED FINANCIAL STATEMENTS

31 December 2024

PRIORY HILL LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGE

Directors' Report	1

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements	3

Statement of Income and Retained Earnings	4

Statement of Financial Position	5

Notes to the Financial Statements	7

PRIORY HILL LIMITED

DIRECTORS' REPORT

YEAR ENDED 31 DECEMBER 2024

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

Mr PS Butcher
Mr DJ Lawrence
Mr PW Shaw
Mr J Butcher
Mr PM Butcher

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 17 July 2025 and signed on behalf of the board by:

Mr DJ Lawrence

Director

Registered office:

3 High Street

St Lawrence

Ramsgate

Kent

CT11 0QL

PRIORY HILL LIMITED

CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PRIORY HILL LIMITED

YEAR ENDED 31 DECEMBER 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

NEVILLE WESTON LIMITED Chartered Certified Accountants

3 High Street St Lawrence Ramsgate Kent CT11 0QL

17 July 2025

PRIORY HILL LIMITED

STATEMENT OF INCOME AND RETAINED EARNINGS

YEAR ENDED 31 DECEMBER 2024

	2024	2023
Note	£	£
TURNOVER	1,230,315	1,181,009

Cost of sales	913,651	901,641
	-------------	-------------
GROSS PROFIT	316,664	279,368

Administrative expenses	693,887	548,251
Other operating income	454,022	468,047
	----------	----------
OPERATING PROFIT	76,799	199,164

Other interest receivable and similar income		2,540	1,647
Interest payable and similar expenses		184	–
		----------	----------
PROFIT BEFORE TAXATION	5	79,155	200,811

Tax on profit	23,500	44,791
	---------	----------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME	55,655	156,020
	---------	----------

Dividends paid and payable	–	( 120,000)

RETAINED EARNINGS AT THE START OF THE YEAR	1,407,936	1,371,916
	-------------	-------------
RETAINED EARNINGS AT THE END OF THE YEAR	1,463,591	1,407,936
	-------------	-------------

All the activities of the company are from continuing operations.

PRIORY HILL LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£

FIXED ASSETS

Tangible assets	6		747,233	768,206

CURRENT ASSETS

Stocks		96,368	40,000
Debtors	7	1,170,904	1,191,639
Cash at bank and in hand		118,017	149,954
		-------------	-------------
		1,385,289	1,381,593

CREDITORS: amounts falling due within one year	8	266,114		339,046
		-------------		-------------
NET CURRENT ASSETS			1,119,175	1,042,547
			-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,866,408	1,810,753

CREDITORS: amounts falling due after more than one year	9	373,677	373,677
		-------------	-------------
NET ASSETS		1,492,731	1,437,076
		-------------	-------------

CAPITAL AND RESERVES

Called up share capital	15,000	15,000
Share premium account	1,075	1,075
Capital redemption reserve	13,065	13,065
Profit and loss account	1,463,591	1,407,936
	-------------	-------------
SHAREHOLDERS FUNDS	1,492,731	1,437,076
	-------------	-------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

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

PRIORY HILL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 17 July 2025 , and are signed on behalf of the board by:

Mr DJ Lawrence

Director

Company registration number: 00502373

PRIORY HILL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 High Street, St Lawrence, Ramsgate, Kent, CT11 0QL.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	10% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 43 (2023: 43 ).

5. PROFIT BEFORE TAXATION

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	26,933	29,264
	---------	---------

6. TANGIBLE ASSETS

	Freehold property	Long leasehold property	Plant and machinery	Total
	£	£	£	£
Cost
At 1 January 2024	504,837	38,541	922,119	1,465,497
Additions	–	–	5,960	5,960
	----------	---------	----------	-------------
At 31 December 2024	504,837	38,541	928,079	1,471,457
	----------	---------	----------	-------------
Depreciation
At 1 January 2024	–	38,541	658,750	697,291
Charge for the year	–	–	26,933	26,933
	----------	---------	----------	-------------
At 31 December 2024	–	38,541	685,683	724,224
	----------	---------	----------	-------------
Carrying amount
At 31 December 2024	504,837	–	242,396	747,233
	----------	---------	----------	-------------
At 31 December 2023	504,837	–	263,369	768,206
	----------	---------	----------	-------------

7. DEBTORS

	2024	2023
	£	£
Trade debtors	74,902	75,177
Other debtors	1,096,002	1,116,462
	-------------	-------------
	1,170,904	1,191,639
	-------------	-------------

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	242,889	294,255
Corporation tax	23,225	44,791
	----------	----------
	266,114	339,046
	----------	----------

9. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	373,677	373,677
	----------	----------

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

11. RELATED PARTY TRANSACTIONS

The Company is involved with the Shareholders in a Caravan Site, trading as Nutts Farm (Partnership). The Company is the majority investor and receives a distribution of profits annually.