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Registration number: 04620441

Priors of West Lynn Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Priors of West Lynn Ltd

Contents

Company Information | 1
Statement of financial position | 2
Notes to the Unaudited Financial Statements | 3 to 10

Priors of West Lynn Ltd

Company Information

Directors | Mr A Prior Mrs CP Prior Mr C Prior

Company secretary | Mrs CP Prior

Registered office | Priors of West Lynn Clenchwarton Road West Lynn Kings Lynn Norfolk PE34 3LL

Accountants | Hayhow & Co Chartered Certified Accountants & Business Advisers19 King Street King's Lynn Norfolk PE30 1HB

Priors of West Lynn Ltd

(Registration number: 04620441)
Statement of financial position as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 558,435 | 306,873
Current assets |  |  |
Stocks | 6 | 4,500 | 4,500
Debtors | 7 | 92,406 | 199,463
Cash at bank and in hand |  | 218,750 | 181,476
|  | 315,656 | 385,439
Creditors: Amounts falling due within one year | 8 | (208,316) | (185,027)
Net current assets |  | 107,340 | 200,412
Total assets less current liabilities |  | 665,775 | 507,285
Provisions for liabilities |  | (108,737) | (58,306)
Net assets |  | 557,038 | 448,979
Capital and reserves |  |  |
Called up share capital | 9 | 1,000 | 1,000
Retained earnings |  | 556,038 | 447,979
Shareholders' funds |  | 557,038 | 448,979

For the financial year ending 31 December 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 Statement of comprehensive income.

Approved and authorised by the Board on 8 February 2026 and signed on its behalf by:

......................................... Mr A Prior Director

Priors of West Lynn Ltd

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

1 | General information

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

The address of its registered office is:
Priors of West Lynn
Clenchwarton Road
West Lynn
Kings Lynn
Norfolk
PE34 3LL

These financial statements were authorised for issue by the Board on 8 February 2026.

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 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 and deferred 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.

Priors of West Lynn Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% reducing balance
Fittings, Fixtures and equipment | 15% reducing balance
Motor vehicles | 25% reducing balance
Computer equipment | 15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Fully amortised

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.

Priors of West Lynn Ltd

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

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 35 (2024 - 31).

Priors of West Lynn Ltd

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

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 January 2025 | 22,500 | 22,500
At 31 December 2025 | 22,500 | 22,500
Amortisation
At 1 January 2025 | 22,500 | 22,500
At 31 December 2025 | 22,500 | 22,500
Carrying amount
At 31 December 2025 | - | -

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £
Cost or valuation
At 1 January 2025 | 15,512 | 436,704 | 4,478 | 30,048
Additions | - | 398,443 | 249 | -
Disposals | (13,808) | (62,850) | (1,494) | -
At 31 December 2025 | 1,704 | 772,297 | 3,233 | 30,048
Depreciation
At 1 January 2025 | 12,676 | 146,684 | 1,918 | 18,591
Charge for the year | 52 | 136,283 | 370 | 2,864
Eliminated on disposal | (11,320) | (58,117) | (1,154) | -
At 31 December 2025 | 1,408 | 224,850 | 1,134 | 21,455
Carrying amount
At 31 December 2025 | 296 | 547,447 | 2,099 | 8,593
At 31 December 2024 | 2,836 | 290,020 | 2,560 | 11,457

Priors of West Lynn Ltd

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

| Total £
Cost or valuation
At 1 January 2025 | 486,742
Additions | 398,692
Disposals | (78,152)
At 31 December 2025 | 807,282
Depreciation
At 1 January 2025 | 179,869
Charge for the year | 139,569
Eliminated on disposal | (70,591)
At 31 December 2025 | 248,847
Carrying amount
At 31 December 2025 | 558,435
At 31 December 2024 | 306,873

Priors of West Lynn Ltd

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

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 4,500 | 4,500

7 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 30,326 | 47,495
Amounts owed by related parties | 10 | - | 22,579
Prepayments |  | 3,232 | 964
Other debtors |  | 58,848 | 128,425
|  | 92,406 | 199,463

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 105,828 | 104,893
Amounts due to related parties | 10 | 66,787 | 51,519
Social security and other taxes |  | 9,202 | 6,935
Outstanding defined contribution pension costs |  | 959 | 779
Other payables |  | 12,166 | 8,111
Accruals |  | 5,308 | 3,373
Tax liability |  | 8,066 | 9,417
|  | 208,316 | 185,027

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A Shares of £1 each | 400 | 400 | 400 | 400
Ordinary B Shares of £1 each | 250 | 250 | 250 | 250
Ordinary C Shares of £1 each | 220 | 220 | 220 | 220
Ordinary D Shares of £1 each | 130 | 130 | 130 | 130
| 1,000 | 1,000 | 1,000 | 1,000

Priors of West Lynn Ltd

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

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

10 | Related party transactions

Summary of transactions with other related parties

Prior of West Lynn Ltd paid rent of £48,400 to Priors SSAS at the year end. The Priors SSAS is controlled by Mr C Prior and Mr A Prior who are also directors of Priors of West Lynn Ltd.

Expenditure with and payables to related parties

2025 | Key management £
Amounts payable to related party | 8,000

2024 | Key management £
Amounts payable to related party | 8,000

Loans to related parties

2025 | Other related parties £ | Total £
At start of period | 22,579 | 22,579
Repaid | (22,579) | (22,579)
At end of period | - | -

2024 | Other related parties £ | Total £
At start of period | 36,140 | 36,140
Advanced | 22,579 | 22,579
Repaid | (36,140) | (36,140)
At end of period | 22,579 | 22,579

Priors of West Lynn Ltd

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

Loans from related parties

2025 | Key management £ | Total £
At start of period | 51,519 | 51,519
Advanced | 15,268 | 15,268
At end of period | 66,787 | 66,787

2024 | Key management £ | Total £
At start of period | 16,494 | 16,494
Advanced | 51,519 | 51,519
Repaid | (16,494) | (16,494)
At end of period | 51,519 | 51,519