The Pryors Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

1. General Information

The Pryors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01745996 . The registered office is 4th Floor, 192-198 Vauxhall Bridge Road,, London, SW1V 1DX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', Section 1A Small Entities, and the Companies Act 2006. The financial statements are presented in sterling, which is the functional currency of the company, and are rounded to the nearest pound.

2.2. Going Concern Disclosure

The directors have considered the company's financial position and its expected cash flows for a period of at least twelve months from the date of approval of these financial statements. No material uncertainties that may cast significant doubt on the ability of the company to continue as a going concern have been identified, and the financial statements have been prepared on the going concern basis.

2.3. Turnover

Income. Ground rent and other rental income from the freehold property is recognised on a straight-line basis over the period to which it relates. Bank interest is recognised on an accruals basis. Service charge contributions received from leaseholders are held on trust under section 42 of the Landlord and Tenant Act 1987, are accounted for separately, and are not included in these financial statements as income of the company

2.4. Tangible Fixed Assets and Depreciation

The freehold interest in the property at The Pryors is stated at cost. The interest is a reversionary interest subject to long leases granted to the leaseholders and, in the directors' judgement, has a residual value not less than its carrying amount; accordingly no depreciation is charged. The carrying amount is reviewed at each reporting date for indicators of impairment.

Freehold

Not depreciated

2.5. Financial Instruments

The company has only basic financial instruments. Debtors and creditors are measured at the transaction price less any impairment. Cash at bank comprises balances held with UK clearing banks.

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The Pryors Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on the taxable profit for the year. Taxable profit differs from the profit reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the for the year ended 31 December 2025 was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 January 2025	104,000

As at 31 December 2025	104,000

Net Book Value
As at 31 December 2025	104,000

As at 1 January 2025	104,000

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,500	21,473

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The Pryors Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	2,444	3,677
Other Creditors - Owed to service charge	39,998	-
Accruals and deferred income	1,800	-

	44,242	3,677

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	60	60

8. Reserves

	Share Premium	Income Statement
	£	£
As at 1 January 2025	97,940	23,796
Profit for the year and total comprehensive income	-	579

As at 31 December 2025	97,940	24,375

9. Related Party Transactions

The directors are leaseholders of flats in the building and members of the company. Ground rent of £70 (2024: £665) was received from leaseholders, including the directors, on the terms set out in their leases. No director received any remuneration or other benefit from the company during the year (2024: none). There were no other transactions with related parties requiring disclosure

10. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

11. Ultimate Controlling Party

The company is owned by its members, who are the leaseholders of the flats at The Pryors. No single member holds a controlling interest and there is no ultimate controlling party.

12. Audit Information

The auditor's report on the accounts of The Pryors Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Hitesh Gadhia (Senior Statutory Auditor) for and on behalf of Shaw Wallace Limited , Statutory Auditor.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		104,000		104,000

			104,000		104,000
CURRENT ASSETS
Debtors	5	1,500		21,473
Cash at bank and in hand		61,117		-

		62,617		21,473
Creditors: Amounts Falling Due Within One Year	6	(44,242 )		(3,677 )

NET CURRENT ASSETS (LIABILITIES)			18,375		17,796

TOTAL ASSETS LESS CURRENT LIABILITIES			122,375		121,796

NET ASSETS			122,375		121,796

CAPITAL AND RESERVES
Called up share capital	7		60		60
Share premium account			97,940		97,940
Income Statement			24,375		23,796

SHAREHOLDERS' FUNDS			122,375		121,796