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Registration number: 00683726

Arthur Prince Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Arthur Prince Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Arthur Prince Limited

Company Information

Director | G. K. Prince

Registered office | 5 The Wayne Way Birstall Leicester LE4 4NE

Accountants | Robert Whowell & Partners LLP Chartered AccountantsWestwood House 78 Loughborough Road Quorn Loughborough Leicestershire LE12 8DX

Arthur Prince Limited

(Registration number: 00683726)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Stocks | 4 | - | 113,200
Debtors | 5 | 1,829,130 | 728,689
Cash at bank and in hand |  | 78,063 | 15,826
|  | 1,907,193 | 857,715
Creditors: Amounts falling due within one year | 6 | (1,645,637) | (649,045)
Total assets less current liabilities |  | 261,556 | 208,670
Creditors: Amounts falling due after more than one year | 6 | (4,167) | (14,167)
Net assets |  | 257,389 | 194,503
Capital and reserves |  |  |
Called up share capital | 7 | 83,200 | 83,200
Retained earnings |  | 174,189 | 111,303
Shareholders' funds |  | 257,389 | 194,503

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2025

......................................... G. K. Prince Director

Arthur Prince Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 The Wayne Way
Birstall
Leicester
LE4 4NE

These financial statements were authorised for issue by the director on 29 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Arthur Prince Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of properties and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Turnover and profits on long term contracts are recognised in proportion to the stage of completion reached when the outcome of the contract can be assessed with reasonable certainty. The directors have used the input method on percentage of completion for recognition of long term contract turnover.
The accounting treatments are:
- amounts recoverable on contracts are included within other debtors;
- amounts invoiced in excess of amounts recoverable on contracts are included within other creditors;
- costs, net of amounts transferred to cost of sales, are included within work in progress.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Arthur Prince Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Stocks

The cost of stocks and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

4 | Stocks

| 2024 £ | 2023 £
Work in progress | - | 113,200

Arthur Prince Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 63,885 | 26,430
Prepayments | 1,402,646 | 12,317
Other debtors | 362,599 | 689,942
| 1,829,130 | 728,689

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 8 | 10,000 | 10,000
Trade creditors |  | 14,930 | 224,950
Amounts owed to related parties |  | 421,276 | 351,032
Taxation and social security |  | 75,741 | 2,097
Accruals and deferred income |  | 1,122,923 | 20,966
Other creditors |  | 767 | 40,000
|  | 1,645,637 | 649,045

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 8 | 4,167 | 14,167

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 83,200 | 83,200 | 83,200 | 83,200

Arthur Prince Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 4,167 | 14,167

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 10,000 | 10,000