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REGISTERED NUMBER: 08422927 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

PRIORY (LEAMINGTON SPA) LIMITED
PRIORY (LEAMINGTON SPA) LIMITED (REGISTERED NUMBER: 08422927)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIORY (LEAMINGTON SPA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: J P Williams
A J Williams
M H Williams





REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 08422927 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants & Tax Advisors
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX
Page 1
PRIORY (LEAMINGTON SPA) LIMITED (REGISTERED NUMBER: 08422927)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,349 70,045

CURRENT ASSETS
Stocks 68,886 63,135
Debtors 5 83,518 76,692
Cash at bank and in hand 46,132 34,902
198,536 174,729
CREDITORS
Amounts falling due within one year 6 179,035 105,158
NET CURRENT ASSETS 19,501 69,571
TOTAL ASSETS LESS CURRENT
LIABILITIES
143,850
139,616

CREDITORS
Amounts falling due after more than one
year
7
(4,843
)
(21,914
)

PROVISIONS FOR LIABILITIES (26,661 ) (17,525 )
NET ASSETS 112,346 100,177

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 112,243 100,074
SHAREHOLDERS' FUNDS 112,346 100,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
PRIORY (LEAMINGTON SPA) LIMITED (REGISTERED NUMBER: 08422927)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:





A J Williams - Director


The notes form part of these financial statements

Page 3
PRIORY (LEAMINGTON SPA) LIMITED (REGISTERED NUMBER: 08422927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Priory (Leamington Spa) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Page 4 continued...
PRIORY (LEAMINGTON SPA) LIMITED (REGISTERED NUMBER: 08422927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2024 - 32,595 74,258 7,381 114,234
Additions 7,350 87,854 - 324 95,528
At 28 February 2025 7,350 120,449 74,258 7,705 209,762
DEPRECIATION
At 1 March 2024 - 8,442 31,417 4,330 44,189
Charge for year 1,838 28,001 10,710 675 41,224
At 28 February 2025 1,838 36,443 42,127 5,005 85,413
NET BOOK VALUE
At 28 February 2025 5,512 84,006 32,131 2,700 124,349
At 29 February 2024 - 24,153 42,841 3,051 70,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 77,373 75,442
Other debtors 6,145 1,250
83,518 76,692

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,104 10,183
Hire purchase contracts 7,045 7,045
Trade creditors 67,435 54,048
Taxation and social security 20,435 29,750
Other creditors 74,016 4,132
179,035 105,158

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 3,072 13,098
Hire purchase contracts 1,771 8,816
4,843 21,914

Page 5