Abbreviated Company Accounts - PRIORY MANAGEMENT (RICHMOND) LIMITED

PRIORY MANAGEMENT (RICHMOND) LIMITED - Company Information

03505283 PRIORY MANAGEMENT (RICHMOND) LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 03505283 2014-05-01 2015-04-30 03505283 2015-04-30 03505283 2014-04-30 03505283 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 03505283 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 03505283

PRIORY MANAGEMENT (RICHMOND) LIMITED

Abbreviated Accounts

30 April 2015

PRIORY MANAGEMENT (RICHMOND) LIMITED Registered Number 03505283

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	134,168	180,168
Tangible assets	3	11,386	19,752
		145,554	199,920
Current assets
Debtors		81,975	19,835
Cash at bank and in hand		78,044	82,917
		160,019	102,752
Creditors: amounts falling due within one year		(104,458)	(99,061)
Net current assets (liabilities)		55,561	3,691
Total assets less current liabilities		201,115	203,611
Provisions for liabilities		(789)	(789)
Total net assets (liabilities)		200,326	202,822
Capital and reserves
Called up share capital	4	200,100	200,100
Profit and loss account		226	2,722
Shareholders' funds		200,326	202,822

For the year ending 30 April 2015 the company was entitled to exemption 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 directors acknowledge 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.

Approved by the Board on 28 January 2016

And signed on their behalf by:
I Granleese, Director

PRIORY MANAGEMENT (RICHMOND) LIMITED Registered Number 03505283

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the Year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles - 20% straight line basis
Fixtures and Fittings - 20% straight line basis

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life:

Goodwill - 5% straight line

2Intangible fixed assets

	£
Cost
At 1 May 2014	920,001
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	920,001
Amortisation
At 1 May 2014	739,833
Charge for the year	46,000
On disposals	-
At 30 April 2015	785,833
Net book values
At 30 April 2015	134,168
At 30 April 2014	180,168

3Tangible fixed assets

	£
Cost
At 1 May 2014	158,524
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	158,524
Depreciation
At 1 May 2014	138,772
Charge for the year	8,366
On disposals	-
At 30 April 2015	147,138
Net book values
At 30 April 2015	11,386
At 30 April 2014	19,752

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
200,100 Ordinary shares of £1 each	200,100	200,100