Provident Homes Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11381076

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		401		401

			401		401
CURRENT ASSETS
Debtors	5	262,647		614,395
Cash at bank and in hand		91		224

		262,738		614,619
Creditors: Amounts Falling Due Within One Year	6	(299,948 )		(288,355 )

NET CURRENT ASSETS (LIABILITIES)			(37,210 )		326,264

TOTAL ASSETS LESS CURRENT LIABILITIES			(36,809 )		326,665

Creditors: Amounts Falling Due After More Than One Year	7		(146,853 )		(497,251 )

NET LIABILITIES			(183,662 )		(170,586 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(183,762 )		(170,686 )

SHAREHOLDERS' FUNDS			(183,662)		(170,586)

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Provident Homes Ltd

Balance Sheet (continued)

As At 28 September 2024

For the year ending 28 September 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sreelal Harilal

Director

26/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Provident Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11381076 . The registered office is 10 Brooklands Court , Kettering Venture Park, Kettering, Northamptonshire, NN15 6FD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 29 September 2023	401

As at 28 September 2024	401

Provision
As at 29 September 2023	-

As at 28 September 2024	-

Net Book Value
As at 28 September 2024	401

As at 29 September 2023	401

5. Debtors

	2024	2023
	£	£
Due within one year
Due after more than one year
Other debtors	262,647	614,395

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Provident Homes Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 September 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1	-
Accruals and deferred income	750	3,060
Directors' loan accounts	299,197	285,295

	299,948	288,355

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Investor loans	138,853	489,251
Intercompany creditors	8,000	8,000

	146,853	497,251

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

Included in other debtors are loans to the following connected companies.

Provident Homes Mill Road - this loan is not subject to interest.

Presto Properties - this loan is not subject to interest.

Wolverton Mill - this loan is part not subject to interest and part subject to interest at a commercial rate.

Included in creditors are the following loans from connected companies.

Swiftnet Solutions - this loan is not subject to interest or any terms of repayment.

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