REGISTERED NUMBER: 06667765 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2018

for

Priestland Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms A L Priestland

Mr M D Black

REGISTERED OFFICE:

8th Floor

Elizabeth House

54 - 58 High Street

Edgware

Middlesex

HA8 7EJ

REGISTERED NUMBER:

06667765 (England and Wales)

ACCOUNTANTS:

Korklin & Company

Certified Practising Accountants

8th Floor

Elizabeth House

54 - 58 High Street

Edgware

Middlesex

HA8 7EJ

FIXED ASSETS

Tangible assets

4

1,995

1,960

CURRENT ASSETS

Debtors

5

337

1,149

Cash at bank

313,084

336,100

313,421

337,249

CREDITORS

Amounts falling due within one year

6

213,042

235,828

NET CURRENT ASSETS

100,379

101,421

TOTAL ASSETS LESS CURRENT LIABILITIES

102,374

103,381

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

102,274

103,281

SHAREHOLDERS' FUNDS

102,374

103,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 March 2018 and were signed on its behalf by:

Ms A L Priestland - Director

Mr M D Black - Director

1.	STATUTORY INFORMATION

Priestland 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current 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 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 NIL (2017 - 2 ).

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 February 2017

11,772

Additions

700

At 31 January 2018

12,472

DEPRECIATION

At 1 February 2017

9,812

Charge for year

665

At 31 January 2018

10,477

NET BOOK VALUE

At 31 January 2018

1,995

At 31 January 2017

1,960

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade debtors

-

1,149

Other debtors

337

-

337

1,149

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Corporation Tax

-

13,125

Social security and other taxes

-

3,462

Other creditors

-

3,657

Directors' current accounts

211,174

213,022

Accrued expenses

1,868

2,562

213,042

235,828