Abbey Priory Properties Limited


Directors	SEWELL, Elizabeth Clare
	SEWELL, Stephen Andrew


Registered Address	Abbey View, 6
	The Glebe
	Wetheral
	CA4 8EY


Registered Number	11854095 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		450,000		450,000
			450,000		450,000
Current assets
Cash at bank and on hand		102,242		93,962
		102,242		93,962
Creditors amounts falling due within one year	4	(439,282)		(451,619)
Net current assets (liabilities)			(337,040)		(357,657)
Total assets less current liabilities			112,960		92,343
Provisions for liabilities	5		(7,700)		(7,700)
Net assets			105,260		84,643
Capital and reserves
Called up share capital			100		100
Other reserves			23,346		23,346
Profit and loss account			81,814		61,197
Shareholders' funds			105,260		84,643

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
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 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.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 November 2025, and are signed on its behalf by:

SEWELL, Elizabeth Clare
Director

SEWELL, Stephen Andrew
Director

Registered Company No. 11854095

Abbey Priory Properties Limited

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Operating leases
	Rental income from operating leases is credited to Income Statement on a straight line basis over the lease term.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company 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 banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Investment property
	On 31 March 2025, the directors valued the investment properties on an open market value based on an existing use basis. It is the opinion of the directors that this valuation has not materially altered at the period end date. Had the investment properties been measured at historical cost the amount would have been £418,954.


		£
	Fair value at 01 April 24	450,000
	At 31 March 25	450,000

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	7,331
Taxation and social security	5,934	1,734
Other creditors	430,853	439,816
Accrued liabilities and deferred income	2,495	2,738
Total	439,282	451,619

5.	Provisions for liabilities
	The provision for deferred tax has arisen due to an increase in the fair value of the investment properties and is as follows:

	2025	2024
	£	£
Net deferred tax liability (asset)	7,700	7,700
Total	7,700	7,700

6.	Related party transactions
	On 31 March 2025 £430,853 (2024 - £439,816) is owed to the directors in respect of their loans with the company. The loans are included within creditors and are unsecured, interest free and repayable on demand. During the year the company occupied premises owned by directors rent free.