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REGISTERED NUMBER: 03076695 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Provincial Capital (UK) Limited

Provincial Capital (UK) Limited (Registered number: 03076695)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Provincial Capital (UK) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: M A Joshua





SECRETARY: M C Bunch





REGISTERED OFFICE: Suite B
Blackdown House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX





REGISTERED NUMBER: 03076695 (England and Wales)

Provincial Capital (UK) Limited (Registered number: 03076695)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,156 4,744
Investments 5 11,781 11,781
14,937 16,525

CURRENT ASSETS
Debtors 6 210 176
Investments 7 44,189 52,720
Cash at bank 90,271 124,442
134,670 177,338
CREDITORS
Amounts falling due within one year 8 6,243 12,681
NET CURRENT ASSETS 128,427 164,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,364

181,182

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 143,362 181,180
SHAREHOLDERS' FUNDS 143,364 181,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 4 April 2024 and were signed by:





M A Joshua - Director


Provincial Capital (UK) Limited (Registered number: 03076695)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Provincial Capital (UK) 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on reducing balance, 30% on reducing balance, 25% on reducing balance and 15% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 August 2022 13,786
Disposals (2,920 )
At 31 July 2023 10,866
DEPRECIATION
At 1 August 2022 9,042
Charge for year 1,331
Eliminated on disposal (2,663 )
At 31 July 2023 7,710
NET BOOK VALUE
At 31 July 2023 3,156
At 31 July 2022 4,744

Provincial Capital (UK) Limited (Registered number: 03076695)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 11,781
NET BOOK VALUE
At 31 July 2023 11,781
At 31 July 2022 11,781

The investments shown above are in an unquoted company. The director considers that due to the difficulty in ascertaining a fair market value of the investment, it is appropriate to carry the investment at its cost value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 210 176

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
CMC Markets 44,189 52,720

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 2,761 7,918
Social security and other taxes 87 1,260
Other creditors 94 120
Directors' loan accounts 511 401
Accrued expenses 2,790 2,982
6,243 12,681