REGISTERED NUMBER: 12434894 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Duvale Priory Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss R Underhill

Mrs R B J Underhill

REGISTERED OFFICE:

Duvale Barton Priory

Bampton

Tiverton

Devon

EX16 9EG

REGISTERED NUMBER:

12434894 (England and Wales)

ACCOUNTANTS:

GSS Accountants Limited

The Cleve

Mantle Street

Wellington

Somerset

TA21 8SN

FIXED ASSETS

Tangible assets

4

1,829,027

1,664,140

Investments

5

150,000

150,000

1,979,027

1,814,140

CURRENT ASSETS

Debtors

6

266,378

265,975

Cash at bank

24,308

75,883

290,686

341,858

CREDITORS

Amounts falling due within one year

7

42,924

54,617

NET CURRENT ASSETS

247,762

287,241

TOTAL ASSETS LESS CURRENT LIABILITIES

2,226,789

2,101,381

PROVISIONS FOR LIABILITIES

7,024

-

NET ASSETS

2,219,765

2,101,381

CAPITAL AND RESERVES

Called up share capital

1,900,000

1,900,000

Retained earnings

319,765

201,381

2,219,765

2,101,381

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 directors acknowledge their 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 Board of Directors and authorised for issue on 9 September 2026 and were signed on its behalf by:

Miss R Underhill - Director

1.	STATUTORY INFORMATION

Duvale Priory 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Duvale property

-

over 49 years on a straight line basis

Plant and machinery

-

33% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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 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 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Duvale

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

1,759,082

78,988

34,480

1,872,550

Additions

-

58,213

-

58,213

At 31 December 2025

1,759,082

137,201

34,480

1,930,763

DEPRECIATION

At 1 January 2025

140,182

48,294

19,934

208,410

Charge for year

2,182

18,961

3,637

24,780

Charge written back

(131,454

)

-

-

(131,454

)

At 31 December 2025

10,910

67,255

23,571

101,736

NET BOOK VALUE

At 31 December 2025

1,748,172

69,946

10,909

1,829,027

At 31 December 2024

1,618,900

30,694

14,546

1,664,140

Depreciation charged with respect to the freehold property has been adjusted to reflect the expected residual value of the property. This has resulted in a write back of earlier provisions amounting to £129,272.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

150,000

NET BOOK VALUE

At 31 December 2025

150,000

At 31 December 2024

150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

266,336

261,687

Other debtors

42

4,288

266,378

265,975

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

5,910

Tax

5,926

684

VAT

1,366

3,532

Directors' current accounts

12,373

471

Accruals and deferred income

23,259

44,020

42,924

54,617