Providential Investments Limited - Accounts to registrar (filleted) - small 18.1
Providential Investments Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2017 |
| FOR |
| PROVIDENTIAL INVESTMENTS LIMITED |
| PROVIDENTIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 07303521) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2017 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 6 |
| PROVIDENTIAL INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 207 Knutsford Road |
| Grappenhall |
| Warrington |
| Cheshire |
| WA4 2QL |
| PROVIDENTIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 07303521) |
| ABRIDGED BALANCE SHEET |
| 31 JULY 2017 |
| 31/7/17 | 31/7/16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| PROVIDENTIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 07303521) |
| ABRIDGED BALANCE SHEET - continued |
| 31 JULY 2017 |
| 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 on |
| PROVIDENTIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 07303521) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2017 |
| 1. | STATUTORY INFORMATION |
| Providential Investments Limited is a |
| 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 |
| 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. |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2016 |
| and 31 July 2017 |
| NET BOOK VALUE |
| At 31 July 2017 |
| At 31 July 2016 |
| PROVIDENTIAL INVESTMENTS LIMITED (REGISTERED NUMBER: 07303521) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2017 |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 31/7/17 | 31/7/16 |
| £ | £ |
| Repayable by instalments |
| Other loans more 5yrs instal | 705,000 | 705,000 |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/7/17 | 31/7/16 |
| £ | £ |
| Other loans |
| The other loan is secured on an investment property. |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| R Pritchard has made unsecured interest free loans to the company with no fixed repayment date. The amount |
| owed by the company at the period end was £1,560 (2016 £1,040). |
| 8. | RELATED PARTY DISCLOSURES |
| The director Mr R Pritchard is also a director of First Direct Finance Limited, Consumer Reclaim Limited, Assist |
| Claims Limited and Red Rock Properties Limited. At 31 July 2017 the company owes £32,608 (2016 £45,608) |
| to First Direct Finance Limited, £61,000 (2016 £61,000) to Consumer Reclaim Limited and £167 (2016 £167) to |
| Assist Claims Limited. The company is owed £700 (2016 £700) by Red Rock Properties Limited. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The Director R Pritchard controls the company by virtue of his beneficial interest in 100% of the issued share |
| capital. |
| CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| PROVIDENTIAL INVESTMENTS LIMITED |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary |
| statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Providential Investments Limited for the year ended 31 July 2017 which comprise the Income |
| Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information |
| and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Providential Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Providential Investments Limited and state those matters that we have agreed to state to the director of Providential Investments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Providential Investments Limited and its director for our work or for this report. |
| It is your duty to ensure that Providential Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Providential Investments Limited. You consider that Providential Investments Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Providential Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 207 Knutsford Road |
| Grappenhall |
| Warrington |
| Cheshire |
| WA4 2QL |