Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12021-12-01falsetrueNo description of principal activity1true 05280184 2021-12-01 2022-11-30 05280184 2020-12-01 2021-11-30 05280184 2022-11-30 05280184 2021-11-30 05280184 c:Director1 2021-12-01 2022-11-30 05280184 d:CurrentFinancialInstruments 2022-11-30 05280184 d:CurrentFinancialInstruments 2021-11-30 05280184 d:Non-currentFinancialInstruments 2022-11-30 05280184 d:Non-currentFinancialInstruments 2021-11-30 05280184 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 05280184 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 05280184 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 05280184 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 05280184 d:ShareCapital 2022-11-30 05280184 d:ShareCapital 2021-11-30 05280184 d:RetainedEarningsAccumulatedLosses 2022-11-30 05280184 d:RetainedEarningsAccumulatedLosses 2021-11-30 05280184 c:FRS102 2021-12-01 2022-11-30 05280184 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 05280184 c:FullAccounts 2021-12-01 2022-11-30 05280184 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 05280184 d:Subsidiary1 2021-12-01 2022-11-30 05280184 d:Subsidiary1 1 2021-12-01 2022-11-30 05280184 d:Subsidiary2 2021-12-01 2022-11-30 05280184 d:Subsidiary2 1 2021-12-01 2022-11-30 05280184 d:Subsidiary3 2021-12-01 2022-11-30 05280184 d:Subsidiary3 1 2021-12-01 2022-11-30 05280184 d:Subsidiary4 2021-12-01 2022-11-30 05280184 d:Subsidiary4 1 2021-12-01 2022-11-30 05280184 d:Subsidiary5 2021-12-01 2022-11-30 05280184 d:Subsidiary5 1 2021-12-01 2022-11-30 05280184 2 2021-12-01 2022-11-30 05280184 6 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 05280184









PRINCIPLE CAPITAL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
PRINCIPLE CAPITAL LTD
REGISTERED NUMBER: 05280184

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
141,545
1,545

  
141,545
1,545

Current assets
  

Debtors: amounts falling due within one year
 5 
760,349
1,141,767

Cash at bank and in hand
  
271,480
44,347

  
1,031,829
1,186,114

Creditors: amounts falling due within one year
 6 
(260,173)
(410,123)

Net current assets
  
 
 
771,656
 
 
775,991

Total assets less current liabilities
  
913,201
777,536

Creditors: amounts falling due after more than one year
 7 
(1,149)
(105,483)

  

Net assets
  
912,052
672,053


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
912,050
672,051

  
912,052
672,053


Page 1

 
PRINCIPLE CAPITAL LTD
REGISTERED NUMBER: 05280184
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2022

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 November 2023.


R A Stitcher
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
PRINCIPLE CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

Principle Capital Ltd is a private company limited by shares and registered in England & Wales. The address of its registered office is 38 Cromwell Road, Luton, LU3 1DN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company is the parent undertaking of a small group and as such is not required by the
Companies Act 2006 to prepare group accounts. These financial statements therefore present
information about the company as an individual undertaking and not about its group.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Investments

Investments held as fixed assets are shown at cost less provision for impairment.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Creditors

Short term creditors are measured at the transaction price. 

 
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 
PRINCIPLE CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2021
1,545


Additions
140,000



At 30 November 2022
141,545





Subsidiary undertakings


The following were subsidiary undertakings of the company:

Name

Class of shares

Holding

Optikinetics Limited
Ordinary
100%
Opti-Lighting Limited
Ordinary
92.5%
Kelsey Acoustics Limited
Ordinary
90%
LBA Fabrication Limited
Ordinary
90%
Bripat Engineering Limited
Ordinary
100%

The carrying value of the investments and the aggregate of the share capital and reserves as at 30 November 2022 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Optikinetics Limited
509,163
71,801

Opti-Lighting Limited
434,539
161,171

Kelsey Acoustics Limited
17,459
12,635

LBA Fabrication Limited
26,155
(938)

Bripat Engineering Limited*
77,106
(11,593)

*Bripat Engineering Limited as at 31 December 2022.


5.


Debtors

Page 4

 
PRINCIPLE CAPITAL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
2022
2021
£
£


Amounts owed by group undertakings
518,188
824,457

Other debtors
241,959
117,310

Prepayments and accrued income
202
200,000

760,349
1,141,767



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
152,745
302,745

Other creditors
106,628
106,628

Accruals and deferred income
800
750

260,173
410,123



7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
1,149
105,483

1,149
105,483



8.


Related party transactions

At the reporting date £600 (2021: £600) was due to Little Media Consulting Ltd, a company under common control.
The company is exempt from disclosing other related party transactions as they are with companies that
are wholly owed within the group.

 
Page 5