ACCOUNTS - Final Accounts preparation

Registered number: 14582132

PRIORY WALK LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025


PRIORY WALK LTD REGISTERED NUMBER:14582132

BALANCE SHEET

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		3,248		3,802
			3,248		3,802
Current assets
Debtors: amounts falling due within one year	5	164,667		123,783
Cash at bank and in hand	6	108,182		90,322
		272,849		214,105
Creditors: amounts falling due within one year	7	(75,663)		(70,669)
Net current assets			197,186		143,436
Total assets less current liabilities			200,434		147,238
Provisions for liabilities
Deferred tax	8	(812)		(951)
			(812)		(951)
Net assets			199,622		146,287

Capital and reserves
Called up share capital	9	1	1
Profit and loss account		199,621	146,286
		199,622	146,287


PRIORY WALK LTD REGISTERED NUMBER:14582132

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2025

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements 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 - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A E Geddes

Director

Date: 29 October 2025


PRIORY WALK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Priory Walk Ltd is a private company limited by shares, registered in England and Wales, registration number 14582132. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity is that of project management services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from project management services is recognised when it is probable the company will receive the rights to the consideration due under the contract.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PRIORY WALK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from other third parties and loans to related parties..

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 -1).


PRIORY WALK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 February 2024	4,721
	Additions	773
	At 31 January 2025	5,494
	Depreciation
	At 1 February 2024	919
	Charge for the year	1,327
	At 31 January 2025	2,246
	Net book value
	At 31 January 2025	3,248


PRIORY WALK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Debtors

					2025	2024
					£	£


Trade debtors	32,370	27,240
Other debtors	131,816	94,528
Prepayments and accrued income	481	2,015
	164,667	123,783

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	108,182	90,322

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	50,794	44,537
Other taxation and social security	18,904	21,132
Accruals	5,965	5,000
	75,663	70,669

8.	Deferred taxation

		2025
		£

	At beginning of year	(951)
	Charged to profit or loss	139
	At end of year	(812)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	(812)	(951)
		(812)	(951)


PRIORY WALK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 -1) Ordinary share of £1	1	1

There is a single class of ordinary share. There are no restrictions on the distribution of dividends and
the repayment of capital.

10.	Related party transactions

As at the year end, the director owed the company £131,816 (2024 - £94,528). The loan is charged at the official HMRC rate of interest, unsecured, and repayable on demand.