REGISTERED NUMBER: 02543023 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Priority Business Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J G Ashley-Cowan

SECRETARY:

Mrs C Ashley-Cowan

REGISTERED OFFICE:

Priority House

8 Turret Lane

Ipswich

Suffolk

IP4 1DL

REGISTERED NUMBER:

02543023 (England and Wales)

ACCOUNTANTS:

Knights Lowe Ltd

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Tangible assets

4

31,043

48,354

CURRENT ASSETS

Debtors

5

1,032,944

1,181,863

Cash at bank and in hand

1,533,488

1,670,506

2,566,432

2,852,369

CREDITORS

Amounts falling due within one year

6

1,480,968

1,776,106

NET CURRENT ASSETS

1,085,464

1,076,263

TOTAL ASSETS LESS CURRENT LIABILITIES

1,116,507

1,124,617

CREDITORS

Amounts falling due after more than one year

7

-

(5,000

)

PROVISIONS FOR LIABILITIES

9

(6,079

)

(10,106

)

NET ASSETS

1,110,428

1,109,511

CAPITAL AND RESERVES

Called up share capital

10

167,000

167,000

Share premium

11

28,000

28,000

Retained earnings

11

915,428

914,511

SHAREHOLDERS' FUNDS

1,110,428

1,109,511

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2026 and were signed by:

J G Ashley-Cowan - Director

1.	STATUTORY INFORMATION

Priority Business 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 commissions earned on hotel bookings and charges for management services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

in accordance with the property lease

Computer equipment

-

33% on cost

Fixtures and fittings

-

15% on cost

Computer software

-

10% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, bank facilities and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 38 (2024 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Computer

and

Computer

improvements

equipment

fittings

software

Totals

£

£

£

£

£

COST

At 1 January 2025

65,301

87,474

53,030

685,734

891,539

Additions

-

1,177

358

-

1,535

Disposals

-

-

-

(562,242

)

(562,242

)

At 31 December 2025

65,301

88,651

53,388

123,492

330,832

DEPRECIATION

At 1 January 2025

35,823

70,790

50,838

685,734

843,185

Charge for year

4,478

13,463

905

-

18,846

Eliminated on disposal

-

-

-

(562,242

)

(562,242

)

At 31 December 2025

40,301

84,253

51,743

123,492

299,789

NET BOOK VALUE

At 31 December 2025

25,000

4,398

1,645

-

31,043

At 31 December 2024

29,478

16,684

2,192

-

48,354

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

793,158

944,801

Amounts owed by related company

193,810

184,871

Director's current account

4,820

4,903

Prepayments

41,156

47,288

1,032,944

1,181,863

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,000

10,000

Trade creditors

1,285,574

1,500,379

Taxation and social security

154,006

113,653

Other creditors

36,388

152,074

1,480,968

1,776,106

The bank loan relates to a government backed business Bounce Back Loan.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,000

The bank loan relates to a government backed business Bounce Back Loan.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

26,250

45,000

Between one and five years

-

26,250

26,250

71,250

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

6,079

10,106

Deferred

tax

£

Balance at 1 January 2025

10,106

Credit to statement of income

(4,027

)

Balance at 31 December 2025

6,079

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

835,000

Ordinary

20p

167,000

167,000

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2025

914,511

28,000

942,511

Profit for the year

94,921

-

94,921

Dividends

(94,004

)

-

(94,004

)

At 31 December 2025

915,428

28,000

943,428

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

J G Ashley-Cowan

Balance outstanding at start of year

4,903

1,877

Amounts advanced

4,921

5,033

Amounts repaid

(5,004

)

(2,007

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,820

4,903

13.	RELATED PARTY DISCLOSURES

The company operates from a property owned by a related company, Little Pumpkin Properties Limited. The rent paid during the year was £45,000 (2024 - £45,000).

Included within debtors is £193,810 (2024 - £184,871) owed by Little Pumpkin Properties Limited. This amount is repayable on demand and carries interest at bank base rate plus 0.5% per annum. During the year interest of £8,939 (2024 - £9,962) was charged and added to the outstanding loan balance.

14.	BSP OUTSTANDING CASH SALES

As at 31 December 2025, the amount due to BSP for outstanding cash sales was £nil (2024 - £31).