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Company Registration No. 10287844 (England and Wales)
Principle Homes Limited Unaudited accounts for the year ended 31 July 2024
Principle Homes Limited Unaudited accounts Contents
Page
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Principle Homes Limited Company Information for the year ended 31 July 2024
Director
Mr Blake Lord
Company Number
10287844 (England and Wales)
Registered Office
20 Old Kiln Lane Heaton Bolton BL1 5PD
Accountants
J F Balshaw & Co 20 Old Kiln Lane Heaton Bolton Lancashire BL1 5PD
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Principle Homes Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Creditors: amounts falling due within one year
(300)
(300)
Net current liabilities
(300)
(300)
Net liabilities
(300)
(300)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(302)
(302)
Shareholders' funds
(300)
(300)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 12 March 2025 and were signed on its behalf by
Mr Blake Lord Director Company Registration No. 10287844
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Principle Homes Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Principle Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 10287844. The registered office is 20 Old Kiln Lane, Heaton, Bolton, BL1 5PD.
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.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
131,410 
At 31 July 2024
131,410 
Amortisation
At 1 August 2023
131,410 
At 31 July 2024
131,410 
Net book value
At 31 July 2024
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
300 
300 
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Principle Homes Limited Notes to the Accounts for the year ended 31 July 2024
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Transactions with related parties
A loan of £101,812 (2019 £96,618) is owed to the director, Mr B Lord and a loan of £70,525 (2019 £68,760) is owed to Wood Village Limited, which owns 50% of the share capital in Principle Homes Limited. Both loans are repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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