Priory Estates (Cornwall) Limited


Director	Mr I Chisholm


Registered Address	Lower Rock House Rock Road
	Rock
	Wadebridge
	PL27 6LB


Registered Number	00847902 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		257,610		257,773
			257,610		257,773
Current assets
Cash at bank and on hand		5,661		12,275
		5,661		12,275
Creditors amounts falling due within one year	4	(39,537)		(68,248)
Net current assets (liabilities)			(33,876)		(55,973)
Total assets less current liabilities			223,734		201,800
Net assets			223,734		201,800
Capital and reserves
Called up share capital			100		100
Profit and loss account			223,634		201,700
Shareholders' funds			223,734		201,800

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 20 November 2025, and are signed on its behalf by:

Mr I Chisholm
Director
Registered Company No. 00847902

Priory Estates (Cornwall) Limited

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	10
	Office Equipment	5

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 July 24	255,000	9,343	873	265,216
Additions	-	757	-	757
At 30 June 25	255,000	10,100	873	265,973
Depreciation and impairment
At 01 July 24	-	6,261	1,182	7,443
Charge for year	-	920	-	920
At 30 June 25	-	7,181	1,182	8,363
Net book value
At 30 June 25	255,000	2,919	(309)	257,610
At 30 June 24	255,000	3,082	(309)	257,773

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	5,416	4,303
Other creditors	33,108	62,998
Accrued liabilities and deferred income	1,013	947
Total	39,537	68,248


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Directors advances, credits and guarantees
	The net movement in the directors loan account during the year was a decrease of £557. The balance due to the director at the year end was £639 (2023 £82). The loan is non-interest bearing and repayable on demand.

6.	Related party transactions
	At the balance sheet date, and amount of £31,118 (2024 £62,358) was due to Chisholm Consultancy Limited by the company. Chisholm Consultancy Limited is the majority shareholder company.