REGISTERED NUMBER: 11325462 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Principia Advisory Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Dr D Rodin

REGISTERED OFFICE:

71-75 Shelton Street

London

WC2H 9JQ

REGISTERED NUMBER:

11325462 (England and Wales)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Tangible assets

4

4,981

1,185

CURRENT ASSETS

Debtors

5

1,514,808

465,570

Cash at bank

252,714

13,633

1,767,522

479,203

CREDITORS

Amounts falling due within one year

6

1,866,472

1,001,479

NET CURRENT LIABILITIES

(98,950

)

(522,276

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(93,969

)

(521,091

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(93,970

)

(521,092

)

(93,969

)

(521,091

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2025 and were signed by:

Dr D Rodin - Director

1.	STATUTORY INFORMATION

Principia Advisory Ltd 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.

Going Concern

The director has considered a period of at least twelve months from the date on which these financial statements have been signed and having considered all information available to him, believes it to be appropriate to prepare the financial statements on a going concern basis.

The director acknowledges the net liability position at the year end. However, he believes that ongoing support will continue from the parent, which has confirmed their willingness and ability to support the company in meeting it's creditors as they fall due for the foreseeable future.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where turnover is related to the delivery of projects, an estimate is made of the stage of completion as at the year end. Income recognised in the profit and loss is based on the overall project value and the stage of completion.

If the invoicing on a project is in advance of the stage of completion, an adjustment is made to the profit and loss and the invoicing in advance of the work completed is held in deferred income. Where the delivery is in advance of the invoicing, the additional income is accrued and held under prepayments and accrued income.

Tangible fixed assets

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

Computer equipments

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 5 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipments

£

COST

At 1 January 2024

4,032

Additions

4,913

At 31 December 2024

8,945

DEPRECIATION

At 1 January 2024

2,847

Charge for year

1,117

At 31 December 2024

3,964

NET BOOK VALUE

At 31 December 2024

4,981

At 31 December 2023

1,185

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,076,669

-

Amounts owed by associates

437,427

441,108

Prepayments and accrued income

712

24,462

1,514,808

465,570

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

10,116

1,763

Amounts owed to group undertakings

1,559,312

840,283

Social security and other taxes

202,417

20,736

VAT

75,558

10,582

Other creditors

3,978

9,144

Accruals and deferred income

15,091

118,971

1,866,472

1,001,479

7.	RELATED PARTY DISCLOSURES

At the year end £437,427 (2023: £441,108) was due from associated company Principia Global SARL, a company registered in Switzerland. This loan is interest free and repayable upon demand.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Principia Advisory SARL.

The ultimate controlling party is Dr D Rodin.

Principia Advisory SARL is a company incorporated in Switzerland. The registered office address is :

Rue Jean Binet 1

Trelex

1270

Switzerland