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REGISTERED NUMBER: 03076695 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Provincial Capital (UK) Limited

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






Contents of the Financial Statements
for the Year Ended 31 July 2024




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 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,290 3,156
Investments 5 11,781 11,781
14,071 14,937

CURRENT ASSETS
Debtors 6 2,780 210
Investments 7 22,056 44,189
Cash at bank 23,862 90,271
48,698 134,670
CREDITORS
Amounts falling due within one year 8 3,450 6,243
NET CURRENT ASSETS 45,248 128,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,319

143,364

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 59,317 143,362
SHAREHOLDERS' FUNDS 59,319 143,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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 19 February 2025 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 2024

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.

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.

Investments
Investments are included at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 August 2023 10,866
Additions 99
At 31 July 2024 10,965
DEPRECIATION
At 1 August 2023 7,710
Charge for year 965
At 31 July 2024 8,675
NET BOOK VALUE
At 31 July 2024 2,290
At 31 July 2023 3,156

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

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 11,781
NET BOOK VALUE
At 31 July 2024 11,781
At 31 July 2023 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
2024 2023
£    £   
Other debtors 2,686 210
Prepayments and accrued income 94 -
2,780 210

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
CMC Markets 22,056 44,189

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 2,761
Social security and other taxes 92 87
Other creditors - 94
Directors' loan accounts 577 511
Accrued expenses 2,781 2,790
3,450 6,243

9. RELATED PARTY DISCLOSURES

The company is controlled by Mr M Joshua who beneficially owns 100%.

At the 31st July 2024, a balance of £2,000, included in other debtors, was owed from Ironstone Ventures Limited, which is also under common control.