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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
Page
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Principle Venture Property Service Limited Company Information for the year ended 30 November 2024
Director
P Chan
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
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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
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Principle Venture Property Service Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
1 
Current assets
Debtors
2 
2 
Cash at bank and in hand
103 
170 
105 
172 
Creditors: amounts falling due within one year
(100,578)
(97,429)
Net current liabilities
(100,473)
(97,257)
Net liabilities
(100,472)
(97,256)
Capital and reserves
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
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Principle Venture Property Service Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
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:
Fixtures & fittings
20 - 25% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2023
1,486 
At 30 November 2024
1,486 
Depreciation
At 1 December 2023
1,485 
At 30 November 2024
1,485 
Net book value
At 30 November 2024
1 
At 30 November 2023
1 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
2 
2 
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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 
Accruals
540 
510 
100,578 
97,429 
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.
8
Controlling party
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).
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