PrinceGB Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11530934 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

PRINCEGB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

O G Prince

REGISTERED OFFICE:

19b Beaconsfield Villas

Brighton

East Sussex

BN1 6HA

REGISTERED NUMBER:

11530934 (England and Wales)

FIXED ASSETS

Tangible assets

4

244,311

81,142

Investment property

5

420,000

664,311

501,142

CURRENT ASSETS

Stocks

1,500

Debtors

6

92,408

118,918

Cash at bank

180,098

214,111

274,006

334,529

CREDITORS

Amounts falling due within one year

7

(157,532

)

(177,556

)

NET CURRENT ASSETS

116,474

156,973

TOTAL ASSETS LESS CURRENT
LIABILITIES

780,785

658,115

CREDITORS

Amounts falling due after more than one
year

8

(32,827

)

(39,989

)

PROVISIONS FOR LIABILITIES

9

(1,651

)

(1,651

)

NET ASSETS

746,307

616,475

CAPITAL AND RESERVES

Called up share capital

10

Other reserves

6,219

Retained earnings

740,078

610,246

SHAREHOLDERS' FUNDS

746,307

616,475

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2026 and were signed by:

O G Prince - Director

1.	STATUTORY INFORMATION

Princegb 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of goods is recognised at the point of sale.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment

33% on cost

Assets under construction

Not depreciated

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 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.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Government assistance

Included in bank loans is a coronavirus business interruption loan (CBIL) which is guaranteed by the government. As part of the CBIL scheme the government is paying the first year of interest on the loan.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Assets

Fixtures

under

and

construction

fittings

Totals

£

COST

At 1 September 2024

81,142

-

81,142

Additions

155,424

9,681

165,105

At 31 August 2025

236,566

9,681

246,247

DEPRECIATION

Charge for year

-

1,936

At 31 August 2025

-

1,936

NET BOOK VALUE

At 31 August 2025

236,566

7,745

244,311

At 31 August 2024

81,142

-

81,142

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

420,000

NET BOOK VALUE

At 31 August 2025

420,000

At 31 August 2024

420,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2022

1,604

Valuation in 2023

5,000

Cost

413,396

420,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

83,260

118,918

Other debtors

9,148

-

92,408

118,918

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,162

Trade creditors

-

2,052

Taxation and social security

53,715

68,493

Other creditors

96,655

99,849

157,532

177,556

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

32,827

39,989

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

1,651

Deferred tax

£

Balance at 1 September 2024

1,651

Balance at 31 August 2025

1,651

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

99

Ordinary A

£0.10

10

1

Ordinary B

£0.10

-

10