Priority Residences Limited


18 November 2021 false No description of principal activity Taxfiler 2023.6.2 13750829business:PrivateLimitedCompanyLtd2021-11-182022-11-30 137508292021-11-17 137508292021-11-182022-11-30 13750829business:AuditExempt-NoAccountantsReport2021-11-182022-11-30 13750829business:FullAccounts2021-11-182022-11-30 137508292022-11-30 13750829business:Director12021-11-182022-11-30 13750829business:RegisteredOffice2021-11-182022-11-30 13750829core:WithinOneYear2022-11-30 13750829core:AfterOneYear2022-11-30 13750829core:ShareCapital2022-11-30 13750829core:RetainedEarningsAccumulatedLosses2022-11-30 13750829business:SmallEntities2021-11-182022-11-30 13750829countries:EnglandWales2021-11-182022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 13750829 (England and Wales)
Priority Residences Limited Unaudited accounts for the period from 18 November 2021 to 30 November 2022
Priority Residences Limited Unaudited accounts Contents
Page
- 2 -
Priority Residences Limited Company Information for the period from 18 November 2021 to 30 November 2022
Director
Chukwudi Uzoho
Company Number
13750829 (England and Wales)
Registered Office
10 Grove Place Hartspring Lane Watford WD25 8AH United Kingdom
- 3 -
Priority Residences Limited Statement of financial position as at 30 November 2022
2022 
Notes
£ 
Called up share capital not paid
1 
Fixed assets
Investment property
231,043 
Current assets
Cash at bank and in hand
2,303 
Creditors: amounts falling due within one year
(83,263)
Net current liabilities
(80,960)
Total assets less current liabilities
150,084 
Creditors: amounts falling due after more than one year
(158,355)
Net liabilities
(8,271)
Capital and reserves
Called up share capital
1 
Profit and loss account
(8,272)
Shareholders' funds
(8,271)
For the period ending 30 November 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2023 and were signed on its behalf by
Chukwudi Uzoho Director Company Registration No. 13750829
- 4 -
Priority Residences Limited Notes to the Accounts for the period from 18 November 2021 to 30 November 2022
1
Statutory information
Priority Residences Limited is a private company, limited by shares, registered in England and Wales, registration number 13750829. The registered office is 10 Grove Place, Hartspring Lane, Watford, WD25 8AH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2022 
£ 
Additions
231,043 
At 30 November 2022
231,043 
5
Creditors: amounts falling due within one year
2022 
£ 
Other creditors
1,731 
Loans from directors
81,532 
83,263 
6
Creditors: amounts falling due after more than one year
2022 
£ 
Bank loans
158,355 
7
Average number of employees
During the period the average number of employees was 1.
- 5 -