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Registered number: 07876799
Priory Construction (Kent) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07876799
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,697 255,257
Investments 5 101 101
1,798 255,358
CURRENT ASSETS
Debtors 6 241,226 236,053
Cash at bank and in hand 3,079 7,465
244,305 243,518
Creditors: Amounts Falling Due Within One Year 7 (208,292 ) (223,121 )
NET CURRENT ASSETS (LIABILITIES) 36,013 20,397
TOTAL ASSETS LESS CURRENT LIABILITIES 37,811 275,755
Creditors: Amounts Falling Due After More Than One Year 8 (175,400 ) (271,108 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (6,001 )
NET LIABILITIES (137,589 ) (1,354 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve - 25,583
Profit and Loss Account (138,589 ) (27,937 )
SHAREHOLDERS' FUNDS (137,589) (1,354)
Page 1
Page 2
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Rapley
Director
Mrs Sarah Rapley
Director
27/10/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Priory Construction (Kent) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07876799 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on a reducing balance basis
Computer Equipment 25% on a reducing balance basis
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
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4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 253,422 594 3,951 257,967
Additions - - 369 369
Disposals (253,422 ) - - (253,422 )
As at 31 March 2026 - 594 4,320 4,914
Depreciation
As at 1 April 2025 - 37 2,673 2,710
Provided during the period - 139 368 507
As at 31 March 2026 - 176 3,041 3,217
Net Book Value
As at 31 March 2026 - 418 1,279 1,697
As at 1 April 2025 253,422 557 1,278 255,257
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2025 101
As at 31 March 2026 101
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 101
As at 1 April 2025 101
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 7,980 17,629
Amounts owed by group undertakings 187,950 172,797
Amounts owed by participating interests 44,936 45,061
Other debtors 360 566
241,226 236,053
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 4,879 3,567
VAT 4,654 1,939
Capital on Tap Account 1,744 2,957
Accruals and deferred income 607 -
Directors' loan accounts 196,408 214,658
208,292 223,121
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 25,378 31,086
Other creditors 150,022 240,022
175,400 271,108
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Controlling Party
Due to each shareholder owning an equal proportion of the issued share capital, there is no ultimate controlling party.
Page 5