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REGISTERED NUMBER: 11273938 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Provantage Corporate Finance Limited

Provantage Corporate Finance Limited (Registered number: 11273938)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Provantage Corporate Finance Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr D A Browne
Mrs S A Saunders
Mr J R Hope





REGISTERED OFFICE: Hine House
25 Regent Street
Nottingham
NG1 5BS





REGISTERED NUMBER: 11273938 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
Nottinghamshire
NG1 5BS

Provantage Corporate Finance Limited (Registered number: 11273938)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,097 6,098

CURRENT ASSETS
Debtors 5 105,026 57,642
Cash at bank and in hand 1,963,399 897,800
2,068,425 955,442
CREDITORS
Amounts falling due within one year 6 717,741 268,922
NET CURRENT ASSETS 1,350,684 686,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,356,781

692,618

PROVISIONS FOR LIABILITIES 1,525 1,525
NET ASSETS 1,355,256 691,093

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,354,256 690,093
1,355,256 691,093

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mrs S A Saunders - Director


Provantage Corporate Finance Limited (Registered number: 11273938)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Provantage Corporate Finance 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.

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.
Plant and machinery etc - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 8 ) .

Provantage Corporate Finance Limited (Registered number: 11273938)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 36,897
Additions 11,669
At 30 June 2024 48,566
DEPRECIATION
At 1 July 2023 30,799
Charge for year 11,670
At 30 June 2024 42,469
NET BOOK VALUE
At 30 June 2024 6,097
At 30 June 2023 6,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,600 -
Other debtors 65,426 57,642
105,026 57,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 439,952 116,240
Other creditors 277,789 152,682
717,741 268,922

7. LEASING AGREEMENTS
Total minimum lease payments under non-cancellable operating leases were £55,670 (2023 £7,670).