Advisory Associates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08954088 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Advisory Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D A Bryant

Mrs L M A Cadman

REGISTERED OFFICE:

10 Chestnut Drive

Windsor

Berkshire

SL4 4UT

REGISTERED NUMBER:

08954088 (England and Wales)

ACCOUNTANTS:

Sweeting & Smedley Limited

2 Church Street

Burnham

Buckinghamshire

SL1 7HZ

FIXED ASSETS

Tangible assets

4

225

610

Investments

5

196,000

20

196,225

630

CURRENT ASSETS

Debtors

6

1,379,659

102

Cash at bank

332,275

69,246

1,711,934

69,348

CREDITORS

Amounts falling due within one year

7

145

138

NET CURRENT ASSETS

1,711,789

69,210

TOTAL ASSETS LESS CURRENT LIABILITIES

1,908,014

69,840

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

1,907,894

69,720

1,908,014

69,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2023 and were signed on its behalf by:

Mr D A Bryant - Director

1.	STATUTORY INFORMATION

Advisory Associates Limited is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments

Financing transactions not at a market rate are measured at the present value of the future payments, discounted at a market rate of interest for a similar instrument, adjusted for transaction costs. The effective rate of interest is recognised in the profit and loss account.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

1,276

DEPRECIATION

At 1 April 2022

666

Charge for year

385

At 31 March 2023

1,051

NET BOOK VALUE

At 31 March 2023

225

At 31 March 2022

610

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2022

20

Additions

196,000

Disposals

(20

)

At 31 March 2023

196,000

NET BOOK VALUE

At 31 March 2023

196,000

At 31 March 2022

20

6.

DEBTORS

31.3.23

31.3.22

£

£

Amounts falling due within one year:

Other debtors

127,728

102

Amounts falling due after more than one year:

Other debtors

1,251,931

-

Aggregate amounts

1,379,659

102

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

138

138

Other creditors

7

-

145

138

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

Mr D A Bryant

Balance outstanding at start of year

-

-

Amounts advanced

19,000

9,900

Amounts repaid

(19,000

)

(9,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mrs L M A Cadman

Balance outstanding at start of year

-

-

Amounts advanced

30,400

21,900

Amounts repaid

(30,400

)

(21,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	RELATED PARTY DISCLOSURES

The company has issued interest free loan notes to Socitm Advisory Holdco Limited, a company in which Mr D A Bryant is a director. There are two loan notes in issue, a loan note for £125,000 which is repayable within one year and a loan note for £1,381,000 which is repayable upon a future default event that is unlikely to occur within one year.

The loan notes are recognised at the net present value of future cashflow, with an effective rate of interest of 2%.