ADVENT LS SERVICES LIMITED Accounts filed on 31-12-2014

ADVENT LS SERVICES LIMITED Accounts filed on 31-12-2014

ADVENT LS SERVICES LIMITED - Company Information

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ADVENT LS SERVICES LIMITED




Company Registration Number:
08422054 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st January 2014

End date: 31st December 2014

SUBMITTED

ADVENT LS SERVICES LIMITED

Company Information
for the Period Ended 31st December 2014




Director: Mohammed Shahzad Malik
Rajesh Bikhu Parekh
Registered office: 158-160 North Gower Street
London
NW1 2ND
Company Registration Number: 08422054 (England and Wales)

ADVENT LS SERVICES LIMITED

Abbreviated Balance sheet
As at 31st December 2014

Notes 2014
£		 2013
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 5 49,878 83,552
Total fixed assets: 49,878 83,552
Current assets
Debtors: 6 29,644 29,492
Cash at bank and in hand: 19,319 15,101
Total current assets: 48,963 44,593
Creditors
Creditors: amounts falling due within one year 7 47,564 39,879
Net current assets (liabilities): 1,399 4,714
Total assets less current liabilities: 51,277 88,266
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 51,277 88,266

The notes form part of these financial statements

ADVENT LS SERVICES LIMITED

Abbreviated Balance sheet
As at 31st December 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 9 2 2
Revaluation reserve: 0 0
Profit and Loss account: 51,275 88,264
Total shareholders funds: 51,277 88,266

For the year ending 31 December 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 28 September 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mohammed Shahzad Malik
Status: Director

The notes form part of these financial statements

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared in accordance with applicable accounting standards in the United Kingdom and under the historical cost accounting rules.

    Turnover policy

    Turnover is accounted for on an accruals basis and represents amounts received from companies for services carried out on their behalf.

    Tangible fixed assets depreciation policy

    Depreciation is provided to write off the cost of tangible fixed assets less the estimated residual value by equal installments over their estimated useful lives of 3 years.

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 5. Tangible assets

    Total
    Cost £
    At 01st January 2014: 104,048
    Additions: 1,513
    At 31st December 2014: 105,561
    Depreciation
    At 01st January 2014: 20,496
    Charge for year: 35,186
    At 31st December 2014: 55,682
    Net book value
    At 31st December 2014: 49,878
    At 31st December 2013: 83,552

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 6. Debtors

    2014
    £     		2013
    £
    Other debtors: 25,427 24,391
    Prepayments and accrued income: 4,217 5,101
    Total: 29,644 29,492

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 7. Creditors: amounts falling due within one year

    2014
    £     		2013
    £
    Trade creditors: 27,208 27,105
    Taxation and social security: 0 11,274
    Other creditors: 20,356 1,500
    Total: 47,564 39,879

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 9. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

  • 11. Related party disclosures

    Name of the ultimate controlling party during the period: Advent Life Sciences LLP
    Name of related party: Advent Life Sciences Fund I LP
    Relationship: Same Board Members
    Description of the transaction: Services provided to Advent Life Sciences Fund I for the day to day running of the business
    Name of related party: Advent Life Sciences Fund II LP
    Relationship: Same Board Members
    Description of the transaction: Services provided to Advent Life Sciences Fund II for the day to day running of the business
    Name of related party: CoCo Therapeutics Ltd
    Relationship: Same Board Members
    Description of the transaction: Services provided to CoCo Therapeutics Ltd for the day to day running of the business
    Name of related party: Levicept Ltd
    Relationship: Same Board Members
    Description of the transaction: Services provided to Levicept Ltd for the day to day running of the business
    Name of related party: Advent Venture Partners LLP
    Relationship: Same Board Members
    Description of the transaction: Services provided to Advent Venture Partners LLP for the day to day running of the business