PRINCIPAL BOND LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02178799

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		60,000		60,000
Tangible Assets	5		5,138		3,857

			65,138		63,857
CURRENT ASSETS
Cash at bank and in hand		12,086		25,529

		12,086		25,529
Creditors: Amounts Falling Due Within One Year	7	(11,006 )		(13,941 )

NET CURRENT ASSETS (LIABILITIES)			1,080		11,588

TOTAL ASSETS LESS CURRENT LIABILITIES			66,218		75,445

NET ASSETS			66,218		75,445

CAPITAL AND RESERVES
Called up share capital	8		21,000		21,000
Revaluation reserve	10		60,000		60,000
Profit and Loss Account			(14,782 )		(5,555 )

SHAREHOLDERS' FUNDS			66,218		75,445

Page 1

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PRINCIPAL BOND LIMITED

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Philip Godwin

Director

10/08/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

PRINCIPAL BOND LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02178799 . The registered office is 24 St. Mary's Road, Teignmouth, Devon, TQ14 9LY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

15% R.B.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	60,000

As at 31 December 2025	60,000

Net Book Value
As at 31 December 2025	60,000

As at 1 January 2025	60,000

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PRINCIPAL BOND LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2025	27,536
Additions	2,187

As at 31 December 2025	29,723

Depreciation
As at 1 January 2025	23,679
Provided during the period	906

As at 31 December 2025	24,585

Net Book Value
As at 31 December 2025	5,138

As at 1 January 2025	3,857

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,706	11,251
Other creditors	300	300
Taxation and social security	-	2,390

	11,006	13,941

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	21,000	21,000

9. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	10,502	17,330

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2025	60,000	(5,555 )
Profit for the year and total comprehensive income	-	1,275

Dividends paid	-	(10,502)

As at 31 December 2025	60,000	(14,782 )

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