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Company Registration No. 13588363 (England and Wales)
PRINCIPAL PROPERTY INVESTMENTS LTD Unaudited accounts for the year ended 31 August 2024
PRINCIPAL PROPERTY INVESTMENTS LTD Unaudited accounts Contents
Page
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PRINCIPAL PROPERTY INVESTMENTS LTD Company Information for the year ended 31 August 2024
Directors
KALANKE, Rishi KALANKE, Komal
Company Number
13588363 (England and Wales)
Registered Office
7 DRAPER CRESCENT WOKINGHAM BERKSHIRE RG40 1GW UNITED KINGDOM
Accountants
Genius Accountancy Ltd 27 Old Gloucester Street London WC1N 3AX
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PRINCIPAL PROPERTY INVESTMENTS LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,233 
- 
Investment property
1,286,127 
1,000,014 
1,288,360 
1,000,014 
Current assets
Cash at bank and in hand
30,904 
4,291 
Creditors: amounts falling due within one year
(669,986)
(448,175)
Net current liabilities
(639,082)
(443,884)
Total assets less current liabilities
649,278 
556,130 
Creditors: amounts falling due after more than one year
(452,767)
(456,280)
Provisions for liabilities
Deferred tax
(23,006)
(16,759)
Net assets
173,505 
83,091 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
66,357 
66,357 
Profit and loss account
107,048 
16,634 
Shareholders' funds
173,505 
83,091 
For the year ending 31 August 2024 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 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 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 of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by
KALANKE, Rishi Director Company Registration No. 13588363
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PRINCIPAL PROPERTY INVESTMENTS LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
PRINCIPAL PROPERTY INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13588363. The registered office is 7 DRAPER CRESCENT, WOKINGHAM, BERKSHIRE, RG40 1GW, 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 remained unchanged from the previous year, and also 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
- 
Additions
3,350 
At 31 August 2024
3,350 
Depreciation
Charge for the year
1,117 
At 31 August 2024
1,117 
Net book value
At 31 August 2024
2,233 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
1,000,014 
Additions
261,127 
Net gain from fair value adjustments
24,986 
At 31 August 2024
1,286,127 
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PRINCIPAL PROPERTY INVESTMENTS LTD Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,454 
6,895 
Taxes and social security
- 
3,276 
Other creditors
349,818 
396,818 
Loans from directors
314,714 
41,186 
669,986 
448,175 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
452,767 
456,280 
8
Transactions with related parties
As at the year-end, the company owed the following amounts from related companies under the common control of director(s) Rishi and Komal. These amounts are unsecured, interest-free and payable on demand. Principal Property Solutions Ltd: £152,103. Principal Dwelling Ltd: £197,090.
9
Average number of employees
During the year the average number of employees was 0 (2023: 2).
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