REGISTERED NUMBER: 04642181 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PRINCIPAL PROPERTY MAINTENANCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Oaten

SECRETARY:

S Oaten

REGISTERED OFFICE:

29a High Street

West Wickham

Kent

BR4 0LP

REGISTERED NUMBER:

04642181 (England and Wales)

ACCOUNTANTS:

IGD Accounting Services Limited

29a High Street

West Wickham

Kent

BR4 0LP

FIXED ASSETS

Tangible assets

4

5,847

7,707

CURRENT ASSETS

Debtors

5

123,776

137,328

Cash at bank

210,024

287,110

333,800

424,438

CREDITORS

Amounts falling due within one year

6

97,329

131,398

NET CURRENT ASSETS

236,471

293,040

TOTAL ASSETS LESS CURRENT LIABILITIES

242,318

300,747

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

242,218

300,647

SHAREHOLDERS' FUNDS

242,318

300,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

M Oaten - Director

1.	STATUTORY INFORMATION

Principal Property Maintenance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

9,312

6,384

19,885

35,581

Disposals

-

(3,686

)

-

(3,686

)

At 31 March 2025

9,312

2,698

19,885

31,895

DEPRECIATION

At 1 April 2024

6,798

4,657

16,419

27,874

Charge for year

506

219

866

1,591

Eliminated on disposal

-

(3,417

)

-

(3,417

)

At 31 March 2025

7,304

1,459

17,285

26,048

NET BOOK VALUE

At 31 March 2025

2,008

1,239

2,600

5,847

At 31 March 2024

2,514

1,727

3,466

7,707

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

98,749

91,304

Other debtors

25,027

46,024

123,776

137,328

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

16,516

26,613

Trade creditors

(1

)

76

Taxation and social security

77,669

102,009

Other creditors

3,145

2,700

97,329

131,398

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

M Oaten

Balance outstanding at start of year

41,653

87,601

Amounts advanced

17,599

41,653

Amounts repaid

(41,653

)

(87,601

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,599

41,653

The balance owed by M Oaten, a director, was cleared in full shortly after the year end. The loan was interest bearing at a rate of 2.25% (2024: 2.25%).