Old Priory Terrace Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12684424 (England and Wales)

Old Priory Terrace Limited

Unaudited Financial Statements

for the Period 1 July 2021 to 31 July 2022

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

G A Harris

Registered office:

1 Vencourt Place

Ravenscourt Park

Hammersmith

London

W6 9NU

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

562

750

Current assets

Stocks

715,000

735,088

Cash at bank

4,429

2,729

719,429

737,817

Creditors

Amounts falling due within one year

5

354,181

324,141

Net current assets

365,248

413,676

Total assets less current liabilities

365,810

414,426

Creditors

Amounts falling due after more than one year

6

456,750

432,560

Net liabilities

(90,940

)

(18,134

)

Capital and reserves

Called up share capital

1

1

Retained earnings

(90,941

)

(18,135

)

(90,940

)

(18,134

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2022 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 27 July 2023 and were signed on its behalf by:

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	Employees and directors

The average number of employees during the period was 2 (2021 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 July 2021

and 31 July 2022

1,000

Depreciation

At 1 July 2021

250

Charge for period

188

At 31 July 2022

438

Net book value

At 31 July 2022

562

At 30 June 2021

750

5.

Creditors: amounts falling due within one year

31.7.22

30.6.21

£

£

Trade creditors

-

2,162

Amounts owed to group undertakings

349,820

318,890

Other creditors

4,361

3,089

354,181

324,141

6.

Creditors: amounts falling due after more than one year

31.7.22

30.6.21

£

£

Other creditors

456,750

432,560

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage

456,750

432,560