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COMPANY REGISTRATION NUMBER: 12714853
PROVATE HOLDCO LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 July 2023
PROVATE HOLDCO LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
2
PROVATE HOLDCO LIMITED
STATEMENT OF FINANCIAL POSITION
31 July 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Investments
4
20
20
CREDITORS: amounts falling due within one year
5
( 1,815)
( 1,014)
-------
-------
NET CURRENT LIABILITIES
( 1,815)
( 1,014)
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 1,795)
( 994)
-------
----
CAPITAL AND RESERVES
Called up share capital
20
20
Profit and loss account
( 1,815)
( 1,014)
-------
-------
SHAREHOLDERS DEFICIT
( 1,795)
( 994)
-------
-------
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 31 July 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 26 July 2024 , and are signed on behalf of the board by:
Mr S Berger
Director
Company registration number: 12714853
PROVATE HOLDCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 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 New Burlington House, 1075 Finchley Road, London, NW11 0PU.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. The Company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
4. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 August 2022 and 31 July 2023
20
----
Impairment
At 1 August 2022 and 31 July 2023
----
Carrying amount
At 31 July 2023
20
----
At 31 July 2022
20
----
The Company holds the whole of the issued share capital of Provate Limited, a Company incorporated in Great Britain and registered in England. The principal activity of Provate Limited is Property Investment.
Group accounts have not been prepared under the exemption conferred by Section 398 Companies Act 2006.
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
915
114
Other creditors
900
900
-------
-------
1,815
1,014
-------
-------