Old Priory Terrace Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12684424 (England and Wales)

Old Priory Terrace Limited

Unaudited Financial Statements

for the Period 19 June 2020 to 30 June 2021

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

C L Feldman

G A Harris

Registered office:

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Registered number:

12684424 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

750

Investment property

5

735,088

735,838

Current assets

Cash at bank

2,729

Creditors

Amounts falling due within one year

6

324,141

Net current liabilities

(321,412

)

Total assets less current liabilities

414,426

Creditors

Amounts falling due after more than one year

7

432,560

Net liabilities

(18,134

)

Capital and reserves

Called up share capital

1

Retained earnings

(18,135

)

(18,134

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2021 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2022 and were signed on its behalf by:

C L Feldman - Director

G A Harris - Director

1.	Statutory information

Old Priory Terrace 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 value added tax.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	Employees and directors

The average number of employees during the period was 2 .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

Additions

1,000

At 30 June 2021

1,000

Depreciation

Charge for period

250

At 30 June 2021

250

Net book value

At 30 June 2021

750

5.	Investment property

Total

£

Fair value

Additions

735,088

At 30 June 2021

735,088

Net book value

At 30 June 2021

735,088

6.

Creditors: amounts falling due within one year

£

Trade creditors

2,162

Amounts owed to group undertakings

318,890

Other creditors

3,089

324,141

7.

Creditors: amounts falling due after more than one year

£

Other creditors

432,560

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage

432,560