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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


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


ACCOUNTS
FOR THEYEARENDED30/09/2025



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		-


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




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%




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 .




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.




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




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




2. EMPLOYEES

	2025
	No.	No.
Average number of employees	-