Company registration number 00393727 (England and Wales)
NEW PROVINCIAL ENTERPRISES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
NEW PROVINCIAL ENTERPRISES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
NEW PROVINCIAL ENTERPRISES LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
4
959,663
956,553
Current assets
Debtors
5
20,479
27,588
Cash at bank and in hand
26,587
53,819
47,066
81,407
Creditors: amounts falling due within one year
6
(4,216)
(13,442)
Net current assets
42,850
67,965
Total assets less current liabilities
1,002,513
1,024,518
Provisions for liabilities
7
(27,861)
(27,997)
Net assets
974,652
996,521
Capital and reserves
Called up share capital
8
16
16
Capital redemption reserve
34
34
Other reserves
3,622
3,622
Profit and loss reserves
9
970,980
992,849
Total equity
974,652
996,521

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

NEW PROVINCIAL ENTERPRISES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2025
05 April 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 5 December 2025 and are signed on its behalf by:
Mr P J Wilson
Director
Company registration number 00393727 (England and Wales)
NEW PROVINCIAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 3 -
1
Accounting policies
Company information

New Provincial Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is 35 Westhill Drive, Kettering, Northamptonshire, United Kingdom, NN15 7LG.

The company's accounts present information about it as an individual undertaking.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment property and certain investments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises rents receivable, dividend income, interest receivable and profits on sales of investments.

Other income

Rental income is recognised on a straight-line basis over the period of the lease.

Dividend income from investments is recognised when the shareholder's right to receive payment has been established.

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.

Sales of investments are accounted for on a bargain date basis.

1.3
Fixed asset investments

Listed investments are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date. The profit and loss account includes net gains and losses arising on revaluation and disposals throughout the year.

Listed investments are all traded in quoted public markets, primarily the London Stock Exchange and the basis of fair value for listed investments is equivalent to the market value, using the bid price. Fair value changes in listed investments are classified as realised profits or losses and are included in distributable reserves.

Unlisted investments are measured at cost less impairment.

1.4
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

NEW PROVINCIAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

NEW PROVINCIAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
959,663
956,553
NEW PROVINCIAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
4
Fixed asset investments
(Continued)
- 6 -
Fixed asset investments revalued

Listed investments are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date.Listed investments are all traded in quoted public markets, primarily the London Stock Exchange and the basis of fair value for listed investments is equivalent to the market value, using the bid price. The historical cost of investment assets was £764,047 (2024: £759,530).

Fixed asset investments not carried at market value

Investments in unlisted securities are initially recognised at their transaction value and subsequently measured at cost less impairment where there is no readily available market for the sale of those investments. The carrying value of unlisted investments at the balance sheet date was £500 (2024: £1,000).

Movements in fixed asset investments
Investments
£
Cost or valuation
At 6 April 2024
961,753
Additions
33,398
Valuation changes
4,832
Disposals
(34,620)
At 5 April 2025
965,363
Impairment
At 6 April 2024
5,200
Impairment losses
500
At 5 April 2025
5,700
Carrying amount
At 5 April 2025
959,663
At 5 April 2024
956,553
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
282
487
Other debtors
20,197
27,101
20,479
27,588
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
4,216
13,442
NEW PROVINCIAL ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
- 7 -
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
27,861
27,997
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 5p each
320
320
16
16
9
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
992,849
936,302
Adjusted balance
992,849
936,302
Profit for the year
12,323
87,402
Dividends declared and paid in the year
(34,192)
(30,855)
At the end of the year
970,980
992,849
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