Company registration number: 04986933
Unaudited financial statements
for the year ended 31 December 2024
for
Priory Building & Development Limited
Pages for filing with the Registrar
Priory Building & Development Limited
Accountants' Report to the Board of Directors for the preparation of the unaudited
financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Priory Building & Development Limited for the year ended 31 December 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Priory Building & Development Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Priory Building & Development Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Priory Building & Development Limited and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Priory Building & Development Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Priory Building & Development Limited. You consider that Priory Building & Development Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Priory Building & Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
AMR Bookkeeping & Accounts Ltd
4 Spur Road
Cosham
Hampshire
PO6 3EB
United Kingdom
Date: 29 September 2025
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Company registration number: 04986933
Priory Building & Development Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 418 591
418 591
Current assets
Cash at bank and in hand 2,974 1,805
2,974 1,805
Creditors: amounts falling due within one
year 		(194,482) (112,021)
Net current liabilities (191,508) (110,216)
Total assets less current liabilities (191,090) (109,625)
NET LIABILITIES (191,090) (109,625)
Capital and reserves
Called up share capital 2 2
Profit and loss account (191,092) (109,627)
TOTAL EQUITY (191,090) (109,625)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04986933
Priory Building & Development Limited
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 September 2025 and signed on its behalf by:
Mr P Goldring, Director
29 September 2025
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Priory Building & Development Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Priory Building & Development Limited is a private company registered in England and Wales. Its registered number is 04986933. The company is limited by shares. Its registered office is AMR Bookkeeping & Accounts Ltd, 4 Spur Road, Portsmouth, Hampshire, PO6 3EB.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Motor vehicles - 20% reducing balance
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 6,928
At 31 December 2024 6,928
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Priory Building & Development Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Tangible fixed assets - continued
Depreciation
At 1 January 2024 6,337
Charge for year 173
At 31 December 2024 6,510
Net book value
At 31 December 2024 418
At 31 December 2023 591
If Fixed assets had not been revalued, Fixed assets would have been included at the following historical cost:
2024 2023
£ £
Cost 6,928 6,928
Accumulated depreciation 6,234 6,106
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023.
2024 2023
£ £
Mrs J Goldring
Balance outstanding at start of year 91,685 -
Amounts advanced 88,761 91,685
Balance outstanding at end of year 180,446 91,685
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