ACCOUNTS - Final Accounts

Registered number: 03760847

PRIORS FIELD ENTERPRISES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2025

PRIORS FIELD ENTERPRISES LIMITED

REGISTERED NUMBER: 03760847

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	-		10,174
Bank and cash balances		-		2,949
		-		13,123
Creditors: amounts falling due within one year	5	-		(303)
Net current assets			-		12,820
Total assets less current liabilities			-		12,820

Net assets			-		12,820

Capital and reserves
Called up share capital	-	12,820
	-	12,820

For the year ended 31 July 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Richard Hughes

Director

Date: 1 May 2026

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PRIORS FIELD ENTERPRISES LIMITED

REGISTERED NUMBER: 03760847

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025

The notes on pages 4 to 6 form part of these financial statements.

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PRIORS FIELD ENTERPRISES LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JULY 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 August 2023	12,820	1,030,957	1,043,777

Loss for the year	-	(1,030,957)	(1,030,957)

At 1 August 2024	12,820	-	12,820
Profit for the year	-	-	-
Shares cancelled during the year	(12,820)	-	(12,820)

The notes on pages 4 to 6 form part of these financial statements.

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PRIORS FIELD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

Priors Field School Enterprises is a company limited by shares (registered number: 03760847) and was incorporated in England and Wales. The registered office is Priors Field Road, Godalming, Surrey, GU7 2RH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

It is the intention of the directors to pursue a solvent dissolution of the company and therefore the accounts are not prepared on a going concern basis. This has no impact on the figures disclosed in the financial statements, as all activities have ceased, all liabilities have been settled, and the company's bank account has been closed.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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PRIORS FIELD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and the reducing balance method.

Depreciation is provided on the following basis:

Freehold property	-	2% on cost
Plant and machinery	-	25% on cost
Fixtures and fittings	-	10% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

	The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
	The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

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PRIORS FIELD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	-	10,174
	-	10,174

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other taxation and social security	-	303
	-	303

6.	Related party transactions
	Included within other debtors at the balance sheet date are amounts owed to the company from The Prior's Field School Trust Limited of £nil (2024: £10,174).

7.	Controlling party

The ultimate parent company is the Prior's Field School Trust Limited a registered charity, number 312038, and incorporated in England and Wales. The parent company's registered address is Priorsfield Road, Godalming, Surrey, GU7 2RH.

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