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Registration number: 13129911

Warner Priory Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Warner Priory Limited

Contents

Company Information | 1
Statement of Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 6

Warner Priory Limited

Company Information

Directors | A F A Warner A T N Warner N R Warner

Registered office | 1320 High Road London N20 9HP

Accountants | Morris & Young Chartered Accountants 6 Atholl Crescent PERTH PH1 5JN

Warner Priory Limited

(Registration number: 13129911)
Statement of Financial Position as at 31 January 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Stocks | 4 | 1,648,162 | 1,613,898
Debtors | 5 | 16,299 | 20,039
Cash at bank and in hand |  | 646 | 433
|  | 1,665,107 | 1,634,370
Creditors: Amounts falling due within one year | 6 | (1,624,031) | (1,599,332)
Net assets |  | 41,076 | 35,038
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 40,976 | 34,938
Shareholders' funds |  | 41,076 | 35,038

For the financial year ending 31 January 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 October 2025 and signed on its behalf by:

Warner Priory Limited

(Registration number: 13129911)
Statement of Financial Position as at 31 January 2025

......................................... A F A Warner Director | ......................................... A T N Warner Director
......................................... N R Warner Director

Warner Priory Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1320 High Road
London
N20 9HP

These financial statements were authorised for issue by the Board on 20 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and are rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Warner Priory Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and on deposit.

Trade debtors

Other debtors are amounts due for services performed in the ordinary course of business.

Stocks

Work in progress is stated at cost. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Other creditors are obligations to pay for services that have been acquired in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4 | Stocks

| 2025 £ | 2024 £
Work in progress | 1,648,162 | 1,613,898

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 14,133 | 13,889
Other debtors | 2,166 | 6,150
| 16,299 | 20,039

Warner Priory Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 1,200 | 1,200
Other creditors | 1,622,831 | 1,598,132
| 1,624,031 | 1,599,332

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100