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Company Registration No. 06357208 (England and Wales)
Providence Asset Management Limited Unaudited accounts for the year ended 31 December 2024
Providence Asset Management Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Providence Asset Management Limited Company Information for the year ended 31 December 2024
Director
Dr Richard Werner
Company Number
06357208 (England and Wales)
Registered Office
C/O B&F Services 3 More London Riverside London SE1 2RE United Kingdom
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Providence Asset Management Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
4
74,200 
67,500 
Cash at bank and in hand
4,459 
8,983 
78,659 
76,483 
Creditors: amounts falling due within one year
5
(17,845)
- 
Net current assets
60,814 
76,483 
Net assets
60,814 
76,483 
Capital and reserves
Called up share capital
103,138 
103,138 
Profit and loss account
(42,324)
(26,655)
Shareholders' funds
60,814 
76,483 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 April 2025 and were signed on its behalf by
Dr Richard Werner Director Company Registration No. 06357208
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Providence Asset Management Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Providence Asset Management Limited is a private company, limited by shares, registered in England and Wales, registration number 06357208. The registered office is C/O B&F Services, 3 More London Riverside, London, SE1 2RE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivables, net of discounts, rebates value added tax and other sales taxes.
Going concern
After reviewing the company forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to adopt the going concern basis in preparing its financial statements.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
74,200 
67,500 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,459 
- 
Other creditors
16,386 
- 
17,845 
- 
6
Transactions with related parties
Blue Chip Capital Investments PLC In the course of the year, £37,000 service fees (2023 - £43,500) were received from the above company, which is the ultimate Holding Company of Providence Asset Management Limited.
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Providence Asset Management Limited Notes to the Accounts for the year ended 31 December 2024
7
Controlling party
ULTIMATE HOLDING COMPANY The ultimate controlling party is Blue Chip Capital Investments PLC, a public limited company.
8
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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