Company Registration No. 11125629 (England and Wales)
Principle Venture Property Service Limited
Unaudited accounts
for the year ended 30 November 2024
Principle Venture Property Service Limited
Unaudited accounts
Contents
Principle Venture Property Service Limited
Company Information
for the year ended 30 November 2024
Company Number
11125629 (England and Wales)
Registered Office
Greenbank
81 Stranton
Hartlepool
TS24 7QT
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Principle Venture Property Service Limited
Accountants' report
Accountants' report to the director of Principle Venture Property Service Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Principle Venture Property Service Limited for the year ended
30 November 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Principle Venture Property Service Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Principle Venture Property Service Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Principle Venture Property Service Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Principle Venture Property Service Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Principle Venture Property Service Limited. You consider that Principle Venture Property Service Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Principle Venture Property Service Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
23 April 2025
Principle Venture Property Service Limited
Statement of financial position
as at 30 November 2024
Cash at bank and in hand
103
170
Creditors: amounts falling due within one year
(100,578)
(97,429)
Net current liabilities
(100,473)
(97,257)
Net liabilities
(100,472)
(97,256)
Called up share capital
2
2
Profit and loss account
(100,474)
(97,258)
Shareholders' funds
(100,472)
(97,256)
For the year ending 30 November 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 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 4 July 2025 and were signed on its behalf by
P Chan
Director
Company Registration No. 11125629
Principle Venture Property Service Limited
Notes to the Accounts
for the year ended 30 November 2024
Principle Venture Property Service Limited is a private company, limited by shares, registered in England and Wales, registration number 11125629. The registered office is Greenbank, 81 Stranton, Hartlepool , TS24 7QT, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
20 - 25% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Amounts due from group undertakings etc.
2
2
Principle Venture Property Service Limited
Notes to the Accounts
for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
73,740
35,840
Loans from directors
26,298
61,079
7
Transactions with related parties
At the year end, the company owed the following amounts to related parties:
1) £ 26,298 (2023 - £58,080) to the Director, with interest of £761 (2023 - £1,826).
2) £73,740 to Principle Venture Healthcare Service Limited (2023 - £39,340), with no interest being charged.
Principal Venture Group Limited
Greenbank, 81 Stranton
Hartlepool
Durham
TS24 7QT
England
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).