Priory Rooms (Bull Street) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05129631

Priory Rooms (Bull Street) Limited

Filleted Financial Statements

31 December 2025

Priory Rooms (Bull Street) Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	50,117	21,901

Current assets

Debtors	6	69,913	113,086
Cash at bank and in hand		279,891	318,528
		---------	---------
		349,804	431,614

Creditors: amounts falling due within one year	7	110,230	144,853
		---------	---------
Net current assets		239,574	286,761
		---------	---------
Total assets less current liabilities		289,691	308,662

Provisions	8,184	3,631
	---------	---------
Net assets	281,507	305,031
	---------	---------

Capital and reserves

Called up share capital	8	1	1
Profit and loss account		281,506	305,030
		---------	---------
Shareholders funds		281,507	305,031
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 19 June 2026 , and are signed on behalf of the board by:

Wendy Burnett

Director

Company registration number: 05129631

Priory Rooms (Bull Street) Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Bull Street, Birmingham, B4 6AF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined by FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no significant areas of judgement or estimate included in these accounts. Accounting estimates include depreciation, prepayments and accruals.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The company donates its profits to the parent charity Central England Quakers to the fullest extent possible to reduce its trading profits. Any such donations are treated as a distribution as required under guidance from ICAEW in Tech 02/10 from 1 January 2019. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	Varying on cost
Equipment	-	25% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 13 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2025	147,059	26,752	173,811
Additions	37,125	3,100	40,225
	---------	--------	---------
At 31 December 2025	184,184	29,852	214,036
	---------	--------	---------
Depreciation
At 1 January 2025	129,436	22,474	151,910
Charge for the year	9,807	2,202	12,009
	---------	--------	---------
At 31 December 2025	139,243	24,676	163,919
	---------	--------	---------
Carrying amount
At 31 December 2025	44,941	5,176	50,117
	---------	--------	---------
At 31 December 2024	17,623	4,278	21,901
	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	45,527	93,164
Prepayments and accrued income	23,697	19,921
Corporation tax repayable	688	–
Other debtors	1	1
	--------	---------
	69,913	113,086
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	8,271	8,365
Amounts owed to group undertakings	40,000	70,000
Accruals and deferred income	15,417	15,271
Corporation tax	–	5,410
Social security and other taxes	31,375	31,800
Other creditors	15,167	14,007
	---------	---------
	110,230	144,853
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

9. Parent charity

The company is a wholly owned subsidiary of Central England Area Quaker Meeting of The Religious Society of Friends. The issued share capital of one ordinary share was held jointly on trust and as nominee shareholder for Central England Area Quaker Meeting as follows:

- Until May 2025: Gill Smith & Huw Davies,

- From May 2025: Anne Ullathorne & Huw Davies.

The address for Central England Area Quaker Meeting is 40 Bull Street, Birmingham B4 6AE.

10. Summary audit opinion

The auditor's report dated 19 June 2026 was unqualified .

The senior statutory auditor was Hannah Justice FCA FCCA , for and on behalf of TC Group .

11. Related party transactions

Under FRS102 the company is exempt from disclosing transactions with fellow group companies on the basis that consolidated accounts are prepared which are publicly available. At the year end reporting date, the directors agreed to make a donation of £40,000 (2024: £70,000) to The Central England Area Quaker Meeting to further the work of the charity. As the Central England Area Quaker Meeting owns 100% of the share capital in Priory Rooms (Bull Street) Limited , this donation has been shown as a dividend and treated as a distribution of profits in line with guidance issued by the ICAEW.