REGISTERED NUMBER: 10406679 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Providence Place Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Oakton

REGISTERED OFFICE:

182 Worcester Road

Bromsgrove

Worcestershire

B61 7AZ

REGISTERED NUMBER:

10406679 (England and Wales)

ACCOUNTANTS:

Attwoods

Chartered Certified Accountants

182 Worcester Road

Bromsgrove

Worcestershire

B61 7AZ

FIXED ASSETS

Investment property

4

755,765

605,000

CURRENT ASSETS

Debtors

5

824

621

Cash at bank

41,286

113,622

42,110

114,243

CREDITORS

Amounts falling due within one year

6

96,484

127,749

NET CURRENT LIABILITIES

(54,374

)

(13,506

)

TOTAL ASSETS LESS CURRENT LIABILITIES

701,391

591,494

CREDITORS

Amounts falling due after more than one year

7

(474,482

)

(376,604

)

PROVISIONS FOR LIABILITIES

(56,727

)

(53,723

)

NET ASSETS

170,182

161,167

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

8

200,756

185,756

Retained earnings

(30,575

)

(24,590

)

SHAREHOLDERS' FUNDS

170,182

161,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 24 September 2025 and were signed by:

M C Oakton - Director

1.	STATUTORY INFORMATION

Providence Place Investments Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

605,000

Additions

130,765

Revaluations

20,000

At 31 March 2025

755,765

NET BOOK VALUE

At 31 March 2025

755,765

At 31 March 2024

605,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

87,385

Valuation in 2022

15,000

Valuation in 2023

66,855

Valuation in 2024

78,435

Valuation in 2025

20,000

Cost

488,090

755,765

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

824

621

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

41,331

Owed to companies under common control

95,854

85,818

Other creditors

630

600

96,484

127,749

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

360,150

260,100

Other creditors

114,332

116,504

474,482

376,604

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

360,150

260,100

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

185,756

Revaluations

20,000

Deferred tax on unrealised gains

(5,000

)

At 31 March 2025

200,756