Company Registration No. 16274553 (England and Wales)
Proveden Ltd
Unaudited accounts
for the period from 25 February 2025 to 28 February 2026
Proveden Ltd
Unaudited accounts
Contents
Proveden Ltd
Company Information
for the period from 25 February 2025 to 28 February 2026
Company Number
16274553 (England and Wales)
Registered Office
The Work Project Level
23 - 21 1 Leadenhall Street
London
EC3V1AB
United Kingdom
Proveden Ltd
Statement of financial position
as at 28 February 2026
Called up share capital not paid
10
Cash at bank and in hand
816,080
Creditors: amounts falling due within one year
(2,474)
Net current assets
813,606
Called up share capital
10
Capital contribution reserve
815,842
Profit and loss account
36
Shareholders' funds
815,888
For the period ending 28 February 2026 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 29 May 2026 and were signed on its behalf by
Boyan Wang
Director
Company Registration No. 16274553
Proveden Ltd
Notes to the Accounts
for the period from 25 February 2025 to 28 February 2026
Proveden Ltd is a private company, limited by shares, registered in England and Wales, registration number 16274553. The registered office is The Work Project Level, 23 - 21 1 Leadenhall Street, London, EC3V1AB, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
5
Creditors: amounts falling due within one year
2026
Taxes and social security
8
Loans from directors
2,466
Proveden Ltd
Notes to the Accounts
for the period from 25 February 2025 to 28 February 2026
6
Capital contribution reserve
During the year, the Company received a capital contribution of USD 1,100,000 (£815,842) from its parent company, Glot Inc, a company incorporated in United States of America. The contribution was made on 27 February 2026 and translated at the spot rate of USD/GBP 1.34830 prevailing on that date. The contribution is non-repayable, no shares were issued in consideration, and no interest is payable. The amount has been credited directly to a capital contribution reserve within equity. There were no outstanding balances with Glot Inc at the balance sheet date.
7
Average number of employees
During the period the average number of employees was 1.