REGISTERED NUMBER: 15877591 (England and Wales)

Unaudited Financial Statements

for the Period 5 August 2024 to 31 August 2025

for

Priority Group Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Teigan Augustus

REGISTERED OFFICE:

61 Bridge Street

Kington

Herefordshire

HR5 3DJ

REGISTERED NUMBER:

15877591 (England and Wales)

ACCOUNTANTS:

Ian Richards

Achieving Visions

124 City Road,

London,

EC1V 2NX

FIXED ASSETS

Investment property

4

507,298

CURRENT ASSETS

Debtors

5

23,392

Cash at bank

11,933

35,325

CREDITORS

Amounts falling due within one year

6

(524,805

)

NET CURRENT LIABILITIES

(489,480

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,818

CREDITORS

Amounts falling due after more than one year

7

(194,953

)

NET LIABILITIES

(177,135

)

RESERVES

Retained earnings

(177,135

)

(177,135

)

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

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

The director acknowledges its 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 director and authorised for issue on 2 May 2026 and were signed by:

Teigan Augustus - Director

1.	STATUTORY INFORMATION

Priority Group Holdings 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.

Investment property

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

Taxation

Taxation for the period 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 period 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.

Bridging loan accounting policy

The company has a bridging loan which adheres to the following accounting policies;

Borrowings are initially recognized at fair value net of transaction costs.

They are subsequently measured at amortized cost using the effective interest method.The effective interest rate reflects the true cost of borrowing, including fees where applicable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

507,298

At 31 August 2025

507,298

NET BOOK VALUE

At 31 August 2025

507,298

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

23,392

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

363,858

Other creditors

160,947

524,805

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

194,953

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Net Bridging Loan Received

333,333

The company entered into a short-term bridging loan facility of £333,333 (excluding interest) and charges) during the financial year .

The loan carries interest at 17% per annum and is repayable in full within 15 months of dragoman.

The loan is secured by a fixed charge over the company's property located at 15 Borstall Lane, London SE2 0NH. The secured debts is held by TUSCAN CAPITAL LIMITED incorporated and registered in England and Wales with company number 10859711 whose registered office is at 3rd Floor, 12-18 Grosvenor Gardens, London England SW1W 0DH.

Interest is rolled up and payable on redemption of the loan. At the balance sheet date, £58,195 of interest had been accrued. The loan as at the balance sheet date at fair value was £391,528

The loan was outstanding at the year end and is expected to be repaid in the following financial period.