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Company Registration Number 11871295























PRINZEN ENGINEERING LIMITED





AUDITED
FINANCIAL STATEMENTS





 31 DECEMBER 2024























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PRINZEN ENGINEERING LIMITED
REGISTERED NUMBER: 11871295

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
361
424

  
361
424

Current assets
  

Debtors: amounts falling due within one year
 5 
30,821
10,905

Cash at bank and in hand
 6 
535
966

  
31,356
11,871

Creditors: amounts falling due within one year
 7 
(194,598)
(165,113)

Net current liabilities
  
 
 
(163,242)
 
 
(153,242)

Total assets less current liabilities
  
(162,881)
(152,818)

Creditors: amounts falling due after more than one year
 8 
-
(30,000)

  

Net liabilities
  
(162,881)
(182,818)


Capital and reserves
  

Called up share capital 
 9 
3,000
3,000

Profit and loss account
  
(165,881)
(185,818)

  
(162,881)
(182,818)


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 profit and loss account 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 by: 




................................................
L J F Van De Ven
Director

Date: 2 July 2025

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
PRINZEN ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The company is a tax resident in the United Kingdom. It trades from its registered office address at Avian House, Thirsk Industrial Park, Thirsk, Y07 3BX.
The principal activity of the company is the supply and installation of egg handling equipment.
These financial statements have been presented in Pound Sterling as this is the currency of the primary
economic environment in which the company operates.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have stated their intention for the business to cease trading and with all assets being distributed elsewhere within the Group. As the directors do not intend to acquire an alternative trade, these accounts have not been prepared on a going concern basis. No material adjustments were necessary to the amounts at which the net assets are included in these financial statements to reflect differences between the book value and its amounts expected to be realised for assets or incurred for liabilities. The Company considers, due to parental support that it has sufficient funds to settle any future liabilities as they fall due.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
PRINZEN ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 January 2024
916



At 31 December 2024

916



Depreciation


At 1 January 2024
492


Charge for the year on owned assets
63



At 31 December 2024

555



Net book value



At 31 December 2024
361



At 31 December 2023
424

Page 3

 
PRINZEN ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
27,151
7,091

Other debtors
3,670
3,814

30,821
10,905



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
535
966

535
966



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
549
624

Amounts owed to group undertaking
194,049
164,489

194,598
165,113



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
30,000

-
30,000




Page 4

 
PRINZEN ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary A shares of £1.00 each
1,000
1,000
1,000 (2023 - 1,000) Ordinary B shares of £1.00 each
1,000
1,000
1,000 (2023 - 1,000) Ordinary C shares of £1.00 each
1,000
1,000

3,000

3,000



10.


Related party transactions

The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with related parties which are on an arms length basis.


11.


Controlling party

The ultimate controlling party of Prinzen Engineering Limited are the directors of the company's ultimate parent, Van De Ven Beheer B.V, incorporated in the Netherlands. 


12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:
We draw attention to note 2.2 in the financial statements, which explains that the directors intend to liquidate the Company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in note 2.2.

The audit report was signed on 9 July 2025 by Simon Turner (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

Page 5