Syncova Solutions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04075613 (England and Wales)

SYNCOVA SOLUTIONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J S Cox

M E Hobson

R Cook

SECRETARY:

N L Smith

REGISTERED OFFICE:

100 New Bridge Street

London

EC4V 6JA

REGISTERED NUMBER:

04075613 (England and Wales)

CURRENT ASSETS

Debtors

-

33,582

CREDITORS

Amounts falling due within one year

(616,949

)

(650,531

)

NET CURRENT LIABILITIES

(616,949

)

(616,949

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(616,949

)

(616,949

)

CAPITAL AND RESERVES

Called up share capital

3

815

815

Profit and loss account

(617,764

)

(617,764

)

SHAREHOLDERS' FUNDS

(616,949

)

(616,949

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 May 2015 and were signed on its behalf by:

M E Hobson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company was dormant throughout the current year and previous year.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over

the useful economic life of that asset as follows:

33% straight line

As at 31 December 2014, the directors considered the carrying value of the intellectual property to be

£Nil due to impairment.

Related party transactions

The company has taken advantage of the exemptions available in Financial Reporting Standard No. 8

and has not disclosed transactions with entities which are part of the group in these financial

statements.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is is any contract that evidences a residual interest in

the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a

similar debt instrument, those financial instruments are classed as financial liabilities. Financial

liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to

financial liabilities are included in the profit and loss account. Finance costs are calculated so as to

produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating to

equity instruments are debited direct to equity.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

934,000

AMORTISATION

At 1 January 2014

and 31 December 2014

934,000

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

40,661

Ordinary A

1p

407

407

10,000

Ordinary B

1p

100

100

10,000

Ordinary C

1p

100

100

10,000

Ordinary D

1p

100

100

10,000

Ordinary E

1p

100

100

817

Ordinary F

1p

8

8

815

815

On the 21 September 2010 the share capital of the company was extended and reclassified. The

nominal value of the existing Ordinary A through to Ordinary E shares were reclassified from £1 to 1

pence and a further two classes, Ordinary F and Ordinary G shares of 1 pence were created. Options

were granted for the issue of 1,633 Ordinary F shares under an EMI scheme effective 21 September

2010.

4.	ULTIMATE PARENT COMPANY

Since February 2011 the directors consider the ultimate parent company to be Advent Software Inc. a

company registered in the United States of America. The accounts of Advent Software Inc. for the year

ended 31 December 2014 are available from the following address;

Advent Software

600 Townsend Street

San Francisco, CA 94103

USA

Before February 2011 there was no ultimate parent undertaking.

5.	POST BALANCE SHEET EVENTS

On February 2, 2015, Advent Software, Inc. (the "Company") entered into an Agreement and Plan of

Merger with SS&C Technologies Holdings, Inc. ("Parent") and Arbor Acquisition Company, Inc., a

wholly owned subsidiary of Parent ("Merger Subsidiary"), providing for the merger of Merger Subsidiary

with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned

subsidiary of Parent. This Merger had not been completed as of the date of signing these financial

statements.

6.	GOING CONCERN

In accordance with their responsibilities as directors, the directors have considered the

appropriateness of the going concern basis for the preparation of the financial statements.

The directors have projected information for the current financial year and consider that the continued

support of the company's parent undertaking will be a necessity.

The parent company has indicated to the directors that it will continue to support the company as it has

done in the past. The financial statements do not include any adjustments that would result from a

withdrawal of support by the company's parent undertaking.