Registration number: 00680924

Priory Properties (Wembley) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Priory Properties (Wembley) Limited

Company Information

Directors

Mr Richard Derrick Bridges Mrs Jill Margaret Bridges Mr Bradley Kramer Mrs Susan Lilian Kramer

Registered office

41A Church Road Stanmore Middlesex HA7 4AB

Accountants

Re:Accounts Limited Chartered AccountantsSuite 1C Meadway Court Rutherford Close Stevenage Hertfordshire SG1 2EF

Priory Properties (Wembley) Limited

(Registration number: 00680924)
Balance Sheet as at 31 March 2025

	Note	31 March 2025 £	31 March 2024 £
Fixed assets
Tangible assets	4	2,398,000	2,398,000
Current assets
Debtors	6	15,575	19,563
Cash at bank and in hand		12,126	62,332
		27,701	81,895
Creditors: Amounts falling due within one year	7	(27,021)	(69,601)
Net current assets		680	12,294
Net assets		2,398,680	2,410,294
Capital and reserves
Called up share capital	8	114	114
Revaluation reserve		2,220,881	2,220,881
Other reserves		38,674	38,674
Retained earnings		139,011	150,625
Shareholders' funds		2,398,680	2,410,294

For the financial year ending 31 March 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 financial statements have been prepared and 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 17 December 2025 and signed on its behalf by:
 

Priory Properties (Wembley) Limited

(Registration number: 00680924)
Balance Sheet as at 31 March 2025 (continued)

......................................... Mr Richard Derrick Bridges Director

......................................... Mr Bradley Kramer Director

Priory Properties (Wembley) Limited

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

1	General information

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

The address of its registered office is:
41A Church Road
Stanmore
Middlesex
HA7 4AB
England

These financial statements were authorised for issue by the Board on 17 December 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of leases and ground rent 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.

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.

Priory Properties (Wembley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Priory Properties (Wembley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2024	2,398,000	2,398,000
At 31 March 2025	2,398,000	2,398,000
Depreciation
Carrying amount
At 31 March 2025	2,398,000	2,398,000
At 31 March 2024	2,398,000	2,398,000

Included within the net book value of land and buildings above is £2,398,000 (2024 - £2,398,000) in respect of freehold land and buildings.
 

5	Investment properties

Included in investment property above are freehold and leasehold buildings with original cost of £179,119.

In the opinion of the directors, from taking relevant advice, the valuation of the properties is £2,398,000 as at 31 March 2025. The valuation is on an open market, existing use basis.

6

Debtors

Current	31 March 2025 £	31 March 2024 £
Other debtors	15,575	19,563
	15,575	19,563

Priory Properties (Wembley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	31 March 2025 £	31 March 2024 £
Due within one year
Taxation and social security	13,428	55,905
Accruals and deferred income	2,150	2,050
Other creditors	11,443	11,646
	27,021	69,601

8	Share capital

Allotted, called up and fully paid shares

	31 March 2025		31 March 2024
	No.	£	No.	£
Ordinary A of £1 each	19	19	19	19
Ordinary B of £1 each	19	19	19	19
Ordinary C of £1 each	4	4	4	4
Ordinary D of £1 each	4	4	4	4
Ordinary E of £1 each	4	4	4	4
Ordinary F of £1 each	38	38	38	38
Ordinary G of £1 each	6	6	6	6
Ordinary H of £1 each	6	6	6	6
Ordinary I of £1 each	1	1	1	1
Ordinary J of £1 each	1	1	1	1
Ordinary K of £1 each	1	1	1	1
Ordinary L of £1 each	1	1	1	1
Ordinary M of £1 each	1	1	1	1
Ordinary N of £1 each	1	1	1	1
Ordinary O of £1 each	1	1	1	1
Ordinary P of £1 each	3	3	3	3
Ordinary Q of £1 each	1	1	1	1
Ordinary R of £1 each	1	1	1	1
Ordinary S of £1 each	1	1	1	1
Ordinary T of £1 each	1	1	1	1

Priory Properties (Wembley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8	Share capital (continued)

114

114

114

114

9	Related party transactions

Included within creditors at the year end is £11,443 (2024: £11,646) owed to the shareholders. The loans are interest free with no fixed date for repayment. The shareholders confirm that they will not withdraw the loan if the company does not have sufficient reserves to continue without the loan.

Priory Properties (Wembley) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

9	Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	40,000	53,945