REGISTERED NUMBER: 04000447 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PRIORY COUNTRY ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T McCloud

Mrs S E McCloud

J H McCloud

SECRETARY:

Mrs S E McCloud

REGISTERED OFFICE:

1 Church Street

Ampthill

Bedfordshire

MK45 2PJ

REGISTERED NUMBER:

04000447 (England and Wales)

ACCOUNTANTS:

Bayler Wood Associates Ltd

Chartered Certified Accountants

2 Church Lane

Walgrave

Northamptonshire

NN6 9QH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

66,210

86,325

66,210

86,325

CURRENT ASSETS

Debtors

6

165,342

54,457

Cash at bank and in hand

130,364

6

295,706

54,463

CREDITORS

Amounts falling due within one year

7

165,298

73,332

NET CURRENT ASSETS/(LIABILITIES)

130,408

(18,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

196,618

67,456

CREDITORS

Amounts falling due after more than one year

8

(29,579

)

(51,684

)

PROVISIONS FOR LIABILITIES

(13,909

)

(13,979

)

NET ASSETS

153,130

1,793

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

152,930

1,593

SHAREHOLDERS' FUNDS

153,130

1,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

T McCloud - Director

1.	STATUTORY INFORMATION

Priory Country Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover represents net invoiced commission on sale of properties, introduction commission and other fees receivable, excluding value added tax. Agency commissions are recognised on completion of the transaction.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

and 31 March 2025

40,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

24,470

45,366

84,412

31,960

186,208

Additions

-

384

-

1,426

1,810

At 31 March 2025

24,470

45,750

84,412

33,386

188,018

DEPRECIATION

At 1 April 2024

11,447

39,146

19,140

30,150

99,883

Charge for year

2,447

1,589

16,318

1,571

21,925

At 31 March 2025

13,894

40,735

35,458

31,721

121,808

NET BOOK VALUE

At 31 March 2025

10,576

5,015

48,954

1,665

66,210

At 31 March 2024

13,023

6,220

65,272

1,810

86,325

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

64,812

DEPRECIATION

At 1 April 2024

2,701

Charge for year

15,528

At 31 March 2025

18,229

NET BOOK VALUE

At 31 March 2025

46,583

At 31 March 2024

62,111

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

64,291

48,172

Other debtors

1,896

1,513

Prepayments

99,155

4,772

165,342

54,457

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

38,116

Hire purchase contracts

12,105

12,105

Trade creditors

4,336

7,815

Social security and other taxes

82,669

6,922

VAT

39,685

892

Directors' loan accounts

117

440

Sundry creditors and accruals

16,386

7,042

165,298

73,332

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

7,397

17,397

Hire purchase contracts

22,182

34,287

29,579

51,684

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

90

A Ordinary

£1

90

90

20

B Ordinary

£1

20

20

45

C Ordinary

£1

45

45

45

D Ordinary

£1

45

45

200

200