REGISTERED NUMBER: 04793519 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Princeraven Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

O Ezechukwu

SECRETARY:

Mrs. J Ezechukwu

REGISTERED OFFICE:

4, Chacombe Place

Beaconsfield

Bucks.

HP9 2WS

REGISTERED NUMBER:

04793519 (England and Wales)

ACCOUNTANTS:

Lawson & Co.

18, The Lagger

Chalfont St. Giles

Bucks.

HP8 4DG

FIXED ASSETS

Tangible assets

4

32,604

40,181

Investment property

5

3,151,000

3,151,000

3,183,604

3,191,181

CURRENT ASSETS

Debtors

6

69,870

109,198

Cash at bank

42,291

50,263

112,161

159,461

CREDITORS

Amounts falling due within one year

7

37,213

34,123

NET CURRENT ASSETS

74,948

125,338

TOTAL ASSETS LESS CURRENT LIABILITIES

3,258,552

3,316,519

CREDITORS

Amounts falling due after more than one year

8

(1,950,298

)

(1,957,280

)

PROVISIONS FOR LIABILITIES

10

(637

)

(857

)

NET ASSETS

1,307,617

1,358,382

CAPITAL AND RESERVES

Called up share capital

11

200

200

Revaluation reserve

12

769,730

769,730

Retained earnings

12

537,687

588,452

SHAREHOLDERS' FUNDS

1,307,617

1,358,382

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 November 2025 and were signed by:

O Ezechukwu - Director

1.	STATUTORY INFORMATION

Princeraven 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.

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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

77,992

Additions

535

At 31 March 2025

78,527

DEPRECIATION

At 1 April 2024

37,811

Charge for year

8,112

At 31 March 2025

45,923

NET BOOK VALUE

At 31 March 2025

32,604

At 31 March 2024

40,181

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

3,151,000

NET BOOK VALUE

At 31 March 2025

3,151,000

At 31 March 2024

3,151,000

The properties were revalued in 2024 by the director at open market value.

If the properties were sold at their current market values the tax liability rising would be approximately £NIL.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2014

919,328

Valuation in 2016

273,000

Valuation in 2024

(422,598

)

Cost

2,381,270

3,151,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

74

74

Other debtors

69,796

109,124

69,870

109,198

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,486

7,084

Trade creditors

11,461

12,089

Taxation and social security

4

434

Other creditors

18,262

14,516

37,213

34,123

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,950,298

1,957,280

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,945,629

1,945,629

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

1,957,784

1,964,364

The bank loans are secured against the company's properties.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

637

857

Deferred

tax

£

Balance at 1 April 2024

857

Accelerated capital allowances

(220

)

Balance at 31 March 2025

637

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

100

Preference

£1

100

100

200

200

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

588,452

769,730

1,358,182

Deficit for the year

(15,765

)

(15,765

)

Dividends

(35,000

)

(35,000

)

At 31 March 2025

537,687

769,730

1,307,417

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

O Ezechukwu

Balance outstanding at start of year

100,311

-

Amounts advanced

57,918

100,311

Amounts repaid

(100,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

58,229

100,311

The balance owing to the company by the director has been repaid since the year-end.

14.	RELATED PARTY DISCLOSURES

The company is controlled by Mr. O. Ezechukwu as director and sole shareholder in the company.

During the year the director, in his capacity as shareholder, has received dividends amounting to £500 (2024: £1,000).