Company registration number 11901272 (England and Wales)
PROVOST DEVELOPMENTS (BOUGHROOD) LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
PROVOST DEVELOPMENTS (BOUGHROOD) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PROVOST DEVELOPMENTS (BOUGHROOD) LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
20
50
Cash at bank and in hand
1,314
739
1,334
789
Creditors: amounts falling due within one year
3
(93,070)
(72,106)
Net current liabilities
(91,736)
(71,317)
Creditors: amounts falling due after more than one year
4
(34,676)
(40,178)
Net liabilities
(126,412)
(111,495)
Capital and reserves
Called up share capital
5
3
3
Profit and loss reserves
(126,415)
(111,498)
Total equity
(126,412)
(111,495)
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 2023 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 22 November 2023 and are signed on its behalf by:
Mr M P Hoyle
Director
Company Registration No. 11901272
PROVOST DEVELOPMENTS (BOUGHROOD) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
Provost Developments (Boughrood) Ltd 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. The principal accounting policies adopted are set out below.
1.2
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 rate 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
PROVOST DEVELOPMENTS (BOUGHROOD) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
5,693
5,686
Trade creditors
4,588
Amounts owed to group undertakings
86,302
61,232
Other creditors
1,075
600
93,070
72,106
4
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
34,676
40,178
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
5,693
15,496
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3
3
3
3
6
Parent company
The parent company is Provost Holdings Limited, whose registered office address is 147 Whiteladies Road, Bristol, BS8 2QT.