| Registered Number:02178799 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
Principal Bond Limited
Statement of Financial Position
2023
2024
60,000
60,000
2
| Property, plant and equipment |
3,857
4,537
3
63,857
64,537
12,903
| Cash and cash equivalents |
25,529
25,529
12,903
| Trade and other payables: amounts falling due within one |
| year |
(14,172)
(13,941)
4
(1,269)
11,588
Net current assets
| Total assets less current liabilities |
75,445
63,268
75,445
Net assets
63,268
21,000
1,000
60,000
60,000
5
(5,555)
2,268
75,445
63,268
Shareholders' funds
| For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
| each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
| 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
| statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Philip John Godwin Director |
| These financial statements were approved and authorised for issue by the Board on 21 August 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Principal Bond Limited
Notes to the Financial Statements
Statutory Information
| Principal Bond Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 02178799. |
| Principal place of business: |
24 St. Mary's Road
Teignmouth
Devon
TQ14 9LY
48 The Causeway
Chippenham
Wiltshire
SN15 3DD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
| 2. Intangible fixed assets |
Goodwill
60,000
60,000
60,000
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For the year ended 31 December 2024
Principal Bond Limited
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
27,536
27,536
| Provision for depreciation and impairment |
22,999
Charge for year
680
23,679
3,857
4,537
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
11,251
11,983
| Taxation and social security |
2,390
1,889
300
300
13,941
14,172
| Revaluation reserve at 01 January 2024 |
-
| Transfers to/from other reserves |
60,000
60,000
| Revaluation reserve at 31 December 2024 |
| 6. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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