Priory Fields Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02372619 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Priory Fields Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D P Wheldon

REGISTERED OFFICE:

24 Swanland Hill

North Ferriby

East Yorkshire

HU14 3JJ

REGISTERED NUMBER:

02372619 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

HULL HU1 2LD

CURRENT ASSETS

Cash at bank

1,423

310

CREDITORS

Amounts falling due within one year

4

2,126

1,946

NET CURRENT LIABILITIES

(703

)

(1,636

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(703

)

(1,636

)

CAPITAL AND RESERVES

Called up share capital

47

47

Retained earnings

(750

)

(1,683

)

SHAREHOLDERS' FUNDS

(703

)

(1,636

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 26 October 2021 and were signed by:

D P Wheldon - Director

1.	STATUTORY INFORMATION

Priory Fields 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.

The company is dependant on the continued financial support of the director, Mr D P Wheldon, who has agreed to provide such support to ensure the company will be able to trade as a going concern for the forseeable future. Accordingly, the financial statements have been prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other creditors

2,126

1,946

5.	RELATED PARTY DISCLOSURES

At 31 March 2021 the company owed Wheldon Homes Limited £906 (2020 - £906). D P Wheldon is a director of this company.

At 31 March 2021 the company owed D P Wheldon £860 (2020 - £860).

6.	CONTROLLING PARTY

There is no controlling party.