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REGISTERED NUMBER: 12545258 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 7 MAY 2023 TO 30 APRIL 2024

FOR

PROMIND CAPITAL LIMITED

PROMIND CAPITAL LIMITED (REGISTERED NUMBER: 12545258)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 MAY 2023 TO 30 APRIL 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 5


PROMIND CAPITAL LIMITED (REGISTERED NUMBER: 12545258)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30.4.24 6.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,118 10,164

CURRENT ASSETS
Debtors 5 12,427 29,613
Cash at bank 92,519 117,283
104,946 146,896
CREDITORS
Amounts falling due within one year 6 (22,773 ) (82,021 )
NET CURRENT ASSETS 82,173 64,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,291

75,039

PROVISIONS FOR LIABILITIES (1,827 ) (1,932 )
NET ASSETS 89,464 73,107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89,364 73,007
89,464 73,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PROMIND CAPITAL LIMITED (REGISTERED NUMBER: 12545258)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





V Hill - Director


PROMIND CAPITAL LIMITED (REGISTERED NUMBER: 12545258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 7 MAY 2023 TO 30 APRIL 2024


1. STATUTORY INFORMATION

PROMIND Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12545258

Registered office: C/O D P C
Stone House
55 Stone Road Business Park
Stoke-on-Trent
Staffordshire
ST4 6SR

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.

Revenue recognition
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.
Fixtures and fittings - 33.33% reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.


PROMIND CAPITAL LIMITED (REGISTERED NUMBER: 12545258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 MAY 2023 TO 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 7 May 2023 15,195
Additions 3,445
At 30 April 2024 18,640
DEPRECIATION
At 7 May 2023 5,031
Charge for period 4,491
At 30 April 2024 9,522
NET BOOK VALUE
At 30 April 2024 9,118
At 6 May 2023 10,164

PROMIND CAPITAL LIMITED (REGISTERED NUMBER: 12545258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 7 MAY 2023 TO 30 APRIL 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 6.5.23
£    £   
Trade debtors 11,551 29,400
Other debtors 876 213
12,427 29,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 6.5.23
£    £   
Trade creditors 1,753 26,023
Taxation and social security 14,404 35,869
Other creditors 6,616 20,129
22,773 82,021

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 30 April 2024 and 6 May 2023:

30.4.24 6.5.23
£    £   
V Hill
Balance outstanding at start of period (12,311 ) (87,392 )
Amounts advanced 52,620 117,167
Amounts repaid (39,649 ) (42,086 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 660 (12,311 )

The directors loan account is interest free and repayable on demand.