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Registered number: 03332046
Principality Ventures Limited
ACCOUNTS
FOR THE YEAR ENDED 30/09/2025
Prepared By:
M P Bailey Accountancy
Sole Trader
72
Dunstall Road
Halesowen
West Midlands
B63 1BE

Principality Ventures Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2025
DIRECTORS
Michael Robert Haywood
Anthony Grahame Scutt
SECRETARY
Michael Paul Bailey
REGISTERED OFFICE
72 Dunstall Road
Halesowen
West Midlands
B63 1BE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03332046
ACCOUNTANTS
M P Bailey Accountancy
Sole Trader
72
Dunstall Road
Halesowen
West Midlands
B63 1BE

Principality Ventures Limited

ACCOUNTS
FOR THE YEAR ENDED 30/09/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Principality Ventures Limited

BALANCE SHEET AT 30/09/2025
|  |  |  |  |  | 2025
|  | Notes |  |  |  | £
FIXED ASSETS |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 102,705
CURRENT ASSETS |  |  |  |  |  |
Stock |  |  |  | 687,754 |  |
Debtors |  | 5 |  | 908,058 |  |
Cash at bank and in hand |  |  |  | 2,849 |  |
|  |  |  | 1,598,661 |  |
CREDITORS: Amounts falling due within one year |  | 6 |  | 2,824,810 |  |
NET CURRENT LIABILITIES |  |  |  |  |  | (1,226,149)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | (1,123,444)
CAPITAL AND RESERVES |  |  |  |  |  |
Called up share capital |  | 7 |  |  |  | 100
Profit and loss account |  |  |  |  |  | (1,123,544)
SHAREHOLDERS' FUNDS |  |  |  |  |  | (1,123,444)
For the year ending 30/09/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/06/2026 and signed on their behalf by |  |  |  |  |  |
............................. |  |  |  |  |  |
Michael Robert Haywood |  |  |  |  |  |
Director |  |  |  |  |  |

Principality Ventures Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation |  |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery |  | 25%

1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  |
|  |  |  | No. |  | No.
Average number of employees |  |  |  | - |  |

Principality Ventures Limited

3. TANGIBLE FIXED ASSETS |  |  |  |  |  |
|  | Land And |  | Plant and |  |
|  | Buildings |  | Machinery |  | Total
|  | £ |  | £ |  | £
Cost |  |  |  |  |  |
At 01/10/2024 |  | 308,117 |  | 1,510 |  | 309,627
Disposals |  | (205,412) |  | - |  | (205,412)
At 30/09/2025 |  | 102,705 |  | 1,510 |  | 104,215
Depreciation |  |  |  |  |  |
At 01/10/2024 |  | - |  | 1,101 |  | 1,101
Transfers |  | - |  | 409 |  | 409
At 30/09/2025 |  | - |  | 1,510 |  | 1,510
Net Book Amounts |  |  |  |  |  |
At 30/09/2025 |  | 102,705 |  | - |  | 102,705
At 30/09/2024 |  | 308,117 |  | 409 |  | 308,526

4. STOCK |  |  |  | 2025
|  |  |  | £
Stock comprises: |  |  |  |
Work in progress |  |  |  | 687,754
|  |  |  | 687,754

5. DEBTORS |  |  |  | 2025
|  |  |  | £
Amounts falling due within one year |  |  |  |
VAT |  |  |  | 11,167
Directors current account |  |  |  | 889,248
|  |  |  | 900,415
Amounts falling due over more than one year |  |  |  |
Long term debtor |  |  |  | 7,643
|  |  |  | 7,643
|  |  |  | 908,058

Principality Ventures Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |
|  |  |  | 2025
|  |  |  | £
Bank Loan |  |  |  | 374,050
Loans |  |  |  | 142,354
Loans |  |  |  | 90,100
Loans |  |  |  | 1,812,468
Loans |  |  |  | 319,400
Trade creditors |  |  |  | 85,188
Accruals |  |  |  | 1,250
|  |  |  | 2,824,810

7. SHARE CAPITAL |  |  |  | 2025
|  |  |  | £
Allotted, issued and fully paid: |  |  |  |
1000 Ordinary shares of £0.10 each |  |  |  | 100
|  |  |  | 100