Company registration number 12565912 (England and Wales)
PROVOST HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
PROVOST HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
Notes to the financial statements
2 - 4
PROVOST HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Investments
3
112
112
Current assets
Debtors
5
2,877,702
229,593
Cash at bank and in hand
40,379
3
2,918,081
229,596
Creditors: amounts falling due within one year
6
(2,942,461)
(232,308)
Net current liabilities
(24,380)
(2,712)
Net liabilities
(24,268)
(2,600)
Capital and reserves
Called up share capital
7
3
3
Profit and loss reserves
(24,271)
(2,603)
Total equity
(24,268)
(2,600)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 September 2022 and are signed on its behalf by:
Mr M P Hoyle
Director
Company Registration No. 12565912
PROVOST HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
1
Accounting policies
Company information

Provost Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 147 Whiteladies Road, Bristol, BS8 2QT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Reporting period

The previous set of financial statements were the first since incorporation and covered a period of 49 weeks and as a result are not entirely comparable.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

PROVOST HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
3
3
3
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
112
112
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2022 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Caer Homes Limited
147 Whiteladies Road, Bristol, BS8 2QT
Ordinary
100.00
Provost Developments (Ross Road) Limited
147 Whiteladies Road, Bristol, BS8 2QT
Ordinary
100.00
Provost Developments (Boughrood) Ltd
147 Whiteladies Road, Bristol, BS8 2QT
Ordinary
100.00
Provost Developments (Crickhowell) Limited
147 Whiteladies Road, Bristol, BS8 2QT
Ordinary
100.00
Provost Developments (Llanfoist) Ltd
147 Whiteladies Road, Bristol, BS8 2QT
Ordinary
100.00
Procvost Developmetns (Marshfield) Ltd
147 Whiteladies Road, Bristol, BS8 2QT
Ordinary
100.00
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,875,372
229,593
Other debtors
2,330
-
0
2,877,702
229,593
PROVOST HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 4 -
6
Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
2,941,741
231,588
Other creditors
720
720
2,942,461
232,308
7
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3
3
3
3
8
Parent company

Provost Holdings Limited is jointly owned by Caer Construction Limited, PMBC Limited and Sade Properties Limited with them owning 33.33% of the issued share capital.

2022-03-312021-04-01false12 September 2022CCH SoftwareCCH Accounts Production 2022.100No description of principal activityMr M P HoyleMr Jan MilsomMr Andrew BennionMrs L Hoyle125659122021-04-012022-03-31125659122022-03-31125659122021-03-3112565912core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3112565912core:CurrentFinancialInstrumentscore:WithinOneYear2021-03-3112565912core:CurrentFinancialInstruments2022-03-3112565912core:CurrentFinancialInstruments2021-03-3112565912core:ShareCapital2022-03-3112565912core:ShareCapital2021-03-3112565912core:RetainedEarningsAccumulatedLosses2022-03-3112565912core:RetainedEarningsAccumulatedLosses2021-03-3112565912bus:Director12021-04-012022-03-31125659122020-04-212021-03-3112565912core:Subsidiary12021-04-012022-03-3112565912core:Subsidiary22021-04-012022-03-3112565912core:Subsidiary32021-04-012022-03-3112565912core:Subsidiary42021-04-012022-03-3112565912core:Subsidiary52021-04-012022-03-3112565912core:Subsidiary62021-04-012022-03-3112565912core:Subsidiary112021-04-012022-03-3112565912core:Subsidiary222021-04-012022-03-3112565912core:Subsidiary332021-04-012022-03-3112565912core:Subsidiary442021-04-012022-03-3112565912core:Subsidiary552021-04-012022-03-3112565912core:Subsidiary662021-04-012022-03-3112565912core:WithinOneYear2022-03-3112565912core:WithinOneYear2021-03-3112565912bus:PrivateLimitedCompanyLtd2021-04-012022-03-3112565912bus:SmallCompaniesRegimeForAccounts2021-04-012022-03-3112565912bus:FRS1022021-04-012022-03-3112565912bus:AuditExemptWithAccountantsReport2021-04-012022-03-3112565912bus:Director22021-04-012022-03-3112565912bus:Director32021-04-012022-03-3112565912bus:CompanySecretary12021-04-012022-03-3112565912bus:FullAccounts2021-04-012022-03-31xbrli:purexbrli:sharesiso4217:GBP