Company Registration No. 04175803 (England and Wales)
Advance Investments Limited
Unaudited accounts
for the year ended 30 April 2022
Advance Investments Limited
Unaudited accounts
Contents
Advance Investments Limited
Company Information
for the year ended 30 April 2022
Directors
Joanne Richings
Benjamin Cundy
Keith Ayres
Company Number
04175803 (England and Wales)
Registered Office
COURTYARD MEWS, PICCADILLY PLACE
LONDON ROAD
BATH BATH & NORTH EAST SOMERSET
BA1 6PL
Advance Investments Limited
Statement of financial position
as at 30 April 2022
Tangible assets
6,634
6,993
Investments
115,500
189,000
Cash at bank and in hand
158,717
139,334
Creditors: amounts falling due within one year
(200,686)
(161,652)
Net current assets
786,786
566,860
Total assets less current liabilities
793,420
573,853
Provisions for liabilities
Deferred tax
(1,260)
(1,329)
Net assets
792,160
572,524
Called up share capital
10,000
10,000
Profit and loss account
782,160
562,524
Shareholders' funds
792,160
572,524
For the year ending 30 April 2022 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 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 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 of Directors and authorised for issue on 26 January 2023 and were signed on its behalf by
Benjamin Cundy
Director
Company Registration No. 04175803
Advance Investments Limited
Notes to the Accounts
for the year ended 30 April 2022
Advance Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 04175803. The registered office is COURTYARD MEWS, PICCADILLY PLACE, LONDON ROAD, BATH BATH & NORTH EAST SOMERSET, BA1 6PL.
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 remained unchanged from the previous year, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% on cost
Fixtures & fittings
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
Advance Investments Limited
Notes to the Accounts
for the year ended 30 April 2022
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2021
12,049
26,264
38,313
At 30 April 2022
12,049
28,718
40,767
At 1 May 2021
12,049
19,271
31,320
Charge for the year
-
2,813
2,813
At 30 April 2022
12,049
22,084
34,133
At 30 April 2022
-
6,634
6,634
At 30 April 2021
-
6,993
6,993
Amounts falling due within one year
Trade debtors
35,324
88,370
Accrued income and prepayments
62,512
53,597
Other debtors
615,419
258,211
6
Investments held as current assets
2022
2021
Listed investments
115,500
189,000
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
20,125
141
Taxes and social security
177,371
151,032
Other creditors
2,665
10,385
Loans from directors
525
94
8
Operating lease commitments
2022
2021
At 30 April 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
38,000
38,000
Later than one year and not later than five years
152,000
152,000
Later than five years
152,000
190,000
Advance Investments Limited
Notes to the Accounts
for the year ended 30 April 2022
9
Average number of employees
During the year the average number of employees was 10 (2021: 10).
