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COMPANY REGISTRATION NUMBER: 11228065
Provenance Capital Limited
Filleted Unaudited Financial Statements
28 February 2023
Provenance Capital Limited
Statement of Financial Position
28 February 2023
2023
Note
£
£
Current assets
Debtors
4
50,000
Cash at bank and in hand
9,011
--------
59,011
Creditors: amounts falling due within one year
5
14,060
--------
Net current assets
44,951
--------
Total assets less current liabilities
44,951
Creditors: amounts falling due after more than one year
6
45,668
--------
Net liabilities
( 717)
--------
Capital and reserves
Called up share capital
7
100
Profit and loss account
( 817)
----
Shareholders deficit
( 717)
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
Mr N. Parmar
Director
Company registration number: 11228065
Provenance Capital Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Studio 10, 145 Granville Street, Birmingham, B1 1SB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Debtors
2023
£
Other debtors
50,000
--------
5. Creditors: amounts falling due within one year
2023
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
5,000
Other creditors
9,060
--------
14,060
--------
6. Creditors: amounts falling due after more than one year
2023
£
Bank loans and overdrafts
45,668
--------
7. Called up share capital
Issued, called up and fully paid
2023
No.
£
Ordinary shares of £ 1 each
100
100
----
----
8. Director's advances, credits and guarantees
At 28th February 2023, other creditors include the following amounts due to the director:- Mr N. Parmar £1,260 The loans are interest free and repayable on demand