PRINCIPAL RESOLUTION LTD

Company Registration Number:
07787506 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

PRINCIPAL RESOLUTION LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

PRINCIPAL RESOLUTION LTD

Company Information

for the Period Ended 30 September 2024




Director: MR KULWIR VEDASH
Registered office: 40
Yorkland Avenue
Welling
Kent
DA16 2LF
Company Registration Number: 07787506 (England and Wales)

PRINCIPAL RESOLUTION LTD

Profit and Loss Account

for the Period Ended 30 September 2024


Notes

2024
£

2023
£
Turnover 1 1
Cost of sales ( 20,992 ) ( 20,992 )
Gross Profit or (Loss) ( 20,991 ) ( 20,991 )
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 0 ) ( 0 )
Other operating income 0 0
Operating Profit or (Loss) ( 20,991 ) ( 20,991 )
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax ( 20,991 ) ( 20,991 )
Tax on Profit ( 0 ) ( 0 )
Profit or (Loss) for Period ( 20,991 ) ( 20,991 )

The notes form part of these financial statements

PRINCIPAL RESOLUTION LTD

Balance sheet

As at 30 September 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 1 1
Tangible assets: 5 250,000 250,000
Total fixed assets: 250,001 250,001
Current assets
Stocks: 0 0
Debtors: 6 0 0
Cash at bank and in hand: 1 1
Total current assets: 1 1
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 0 ) ( 0 )
Net current assets (liabilities): 1 1
Total assets less current liabilities: 250,002 250,002
Creditors: amounts falling due after more than one year: 8 ( 207,020 ) ( 207,020 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 42,982 42,982

The notes form part of these financial statements

PRINCIPAL RESOLUTION LTD

Balance sheet continued

As at 30 September 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 9 42,981 42,981
Profit and loss account: 0 0
Shareholders funds: 42,982 42,982

For the year ending 30 September 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 9 June 2025
And Signed On Behalf Of The Board By:

Name: MR KULWIR VEDASH
Status: Director

The notes form part of these financial statements

PRINCIPAL RESOLUTION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PRINCIPAL RESOLUTION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

PRINCIPAL RESOLUTION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 3. Off balance sheet disclosure

    No

PRINCIPAL RESOLUTION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Intangible assets

Goodwill Total
Cost £ £
At 01 October 2023 1 1
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 30 September 2024 1 1
Amortisation
Amortisation at 01 October 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 30 September 2024 0 0
Net book value
Net book value at 30 September 2024 1 1
Net book value at 30 September 2023 1 1

PRINCIPAL RESOLUTION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Tangible assets

Land & buildings Total
Cost £ £
At 01 October 2023 250,000 250,000
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 30 September 2024 250,000 250,000
Depreciation
At 01 October 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 30 September 2024 0 0
Net book value
At 30 September 2024 250,000 250,000
At 30 September 2023 250,000 250,000

PRINCIPAL RESOLUTION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Debtors


2024
£

2023
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 0 0
Debtors due after more than one year: 0 0

PRINCIPAL RESOLUTION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 0 0

PRINCIPAL RESOLUTION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 207,020 207,020
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 207,020 207,020

PRINCIPAL RESOLUTION LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

9. Revaluation reserve


2024
£
Balance at 01 October 2023 42,981
Surplus or deficit after revaluation 0
Balance at 30 September 2024 42,981