Principle Secure Limited - Accounts to registrar - small 17.2

Principle Secure Limited - Accounts to registrar - small 17.2

PRINCIPLE SECURE LIMITED - Company Information

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REGISTERED NUMBER: 02704451 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st December 2016

for

Principle Secure Limited

Principle Secure Limited (Registered number: 02704451)






Contents of the Financial Statements
for the Year Ended 31st December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Principle Secure Limited

Company Information
for the Year Ended 31st December 2016







DIRECTORS: R H Butterfield
D R Pitt
Mrs V J Woodings





SECRETARY: D R Pitt





REGISTERED OFFICE: Tandem Industrial Estate
Waterloo
Huddersfield
West Yorkshire
HD5 0AL





REGISTERED NUMBER: 02704451 (England and Wales)
Page 1
Principle Secure Limited (Registered number: 02704451)

Balance Sheet
31st December 2016

Notes £   
CURRENT ASSETS
Cash in hand 100
TOTAL ASSETS LESS CURRENT
LIABILITIES
100

CAPITAL AND RESERVES
Called up share capital 100
SHAREHOLDERS' FUNDS 100

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4th September 2017 and were signed on its behalf
by:





R H Butterfield - Director


The notes form part of these financial statements

Page 2
Principle Secure Limited (Registered number: 02704451)

Notes to the Financial Statements
for the Year Ended 31st December 2016

1. STATUTORY INFORMATION

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

The Company was dormant throughout the year ended 31st December 2016.

3. SECURED DEBTS

The UK group companies bank facilities are secured by a debenture in favour of Lloyds Bank plc dated 20th
December 2016 over the whole of the undertakings, property and assets of the group together with an
intercompany guarantee between Principle Link (UK) Limited, Principle Fabrications Limited, Principle Systems
Limited, Principle Graphics Limited, Principle Europe Limited, Principle 360 Limited, Principle Secure Limited,
Principle Contract Limited, Principle Spira Limited, Principle Holdings Limited and Principle Global Limited
supported by Principle USA Inc and Principle Mexico SA de CV under an inter-creditor agreement dated 20th
December 2016. The combined UK group companies indebtedness at 31 December 2016 amounted to £900,000
(2015 - £4,808,819).

The company and its fellow group companies have also guaranteed an investor loan in Principle Global Limited
from Pricoa Capital Group of £30,000,000 and shareholder loan notes of £16,782,429 under an inter-creditor
agreement dated 20th December 2016.

4. ULTIMATE PARENT COMPANY

Principle Global Limited is regarded by the director as the company's ultimate controlling company.

Page 3