Principality Ventures Limited |
Registered Number:03332046 |
For the year ended 30 September 2022
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2022
Principality Ventures Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Principality Ventures Limited
Statement of Financial Position
2021
2022
Property, plant and equipment |
473,407
-
2
473,407
-
16,476
1,910,718
3
Trade and other receivables |
98
39,944
4
-
Cash and cash equivalents |
13,423
1,964,085
16,574
Trade and other payables: amounts falling due within one |
year |
(4,966)
(2,387,040)
5
11,608
(422,955)
Net current liabilities
Total assets less current liabilities |
50,452
11,608
Trade and other payables: amounts falling due after more |
than one year |
-
(39,964)
6
10,488
Net assets
11,608
100
100
10,388
11,508
10,488
11,608
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Michael Robert Haywood Director |
These financial statements were approved and authorised for issue by the Board on 06 January 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 September 2022
Principality Ventures Limited
Notes to the Financial Statements
Statutory Information
Principality Ventures Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 03332046. |
72 Dunstall Road
Halesowen
West Midlands
B63 1BE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
2. Property, plant and equipment |
474,015
1,839
472,176
472,176
1,839
474,015
Provision for depreciation and impairment |
Charge for year
608
608
-
608
608
-
472,176
1,231
473,407
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For the year ended 30 September 2022
Principality Ventures Limited
Notes to the Financial Statements Continued
2021
2022
1,910,718
16,476
4. Trade and other receivables |
2021
2022
Amounts owed by group undertakings and participating interests |
-
98
39,944
-
98
39,944
The debtors above include the following amounts falling due after more than one year: |
7,643
-
5. Trade and other payables: amounts falling due within one year |
2021
2022
Bank loans and overdraft (secured) |
1,614,939
-
225,659
1,067
Taxation and social security |
16,877
851
529,565
3,048
2,387,040
4,966
6. Trade and other payables: amounts falling due after more than one year |
2021
2022
39,964
-
-
-
39,964
-
7. Average number of persons employed |
During the year the average number of employees was 0
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