ACCOUNTS - Final Accounts preparation

Registered number: 15820719

PROVIDENCE FIRST LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2025

PROVIDENCE FIRST LTD

REGISTERED NUMBER: 15820719

BALANCE SHEET

AS AT 31 JULY 2025

		2025
Note		£


Current assets
Cash at bank and in hand	4	259,801
		259,801
Creditors: amounts falling due within one year	5	(133,032)
Net current assets			126,769
Total assets less current liabilities			126,769

Net assets			126,769

Capital and reserves
Called up share capital			2
Profit and loss account			126,767
			126,769

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 April 2026.

Zain Khan-Hussain

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

PROVIDENCE FIRST LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

1.	General information

Providence First Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 15820719. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, West Midlands, B16 8SP. The principal activity of the company in the year under review was that of the residents property management.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the
company will continue to receive support from creditors and the director as and when required.

Page 2

PROVIDENCE FIRST LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

PROVIDENCE FIRST LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

2.Accounting policies (continued)

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Employees
					2025
					£

	Wages and salaries	120,458
		120,458

The average monthly number of employees, including directors, during the period was 9.

4.	Cash and cash equivalents
					2025
					£

	Cash at bank and in hand	259,801
		259,801

5.	Creditors: Amounts falling due within one year
					2025
					£

	Trade creditors	16,859
	Corporation tax	43,429
	Other taxation and social security	2,066
	Other creditors	66,359
	Accruals and deferred income	4,319
		133,032

Page 4

PROVIDENCE FIRST LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2025

6.

Related party transactions

Zain Khan-Hussain is the sole director and shareholder of the company.
During the period, the director provided loans of £2,460 to the company. As at the balance sheet date, the company owed the director £2,460, which is shown in Other Creditors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the
value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

Deen Khan-Hussain, a director and shareholder of Vanguard Direct Birmingham Ltd, is the brother of a director of Providence First Limited. Vanguard Direct Birmingham Ltd is therefore a related party.
During the period, Vanguard Direct Birmingham Ltd provided loans of £42,000 to the company. As at the
balance sheet date, the company owed £42,000 to Vanguard Direct Birmingham Ltd, which is shown in other creditors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the
value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

7.	Controlling party

During the year, the company was under the control of Zain Khan-Hussain, who is the sole director and
shareholder of the company.

Page 5