Accounts filed on 31-12-2015

Accounts filed on 31-12-2015

ADVENT LS SERVICES LIMITED - Company Information

Print Friendly Version

ADVENT LS SERVICES LIMITED

Company Registration Number:
08422054 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 January 2015

End date: 31 December 2015

ADVENT LS SERVICES LIMITED

Abbreviated Balance sheet

As at 31 December 2015


Notes
2015
£
2014
£
Fixed assets
Tangible assets: 2 19,909 49,878
Total fixed assets: 19,909 49,878
Current assets
Debtors: 3 26,187 29,644
Cash at bank and in hand: 39,224 19,319
Total current assets: 65,411 48,963
Creditors: amounts falling due within one year: 4 ( 10,391 ) ( 47,564 )
Net current assets (liabilities): 55,020 1,399
Total assets less current liabilities: 74,929 51,277
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 74,929 51,277

The notes form part of these financial statements

ADVENT LS SERVICES LIMITED

Balance sheet continued

As at 31 December 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 5 2 2
Revaluation reserve: 0 0
Profit and loss account: 74,927 51,275
Shareholders funds: 74,929 51,277

For the year ending 31 December 2015 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 April 2008).

The financial statements were approved by the Board of Directors on 21 September 2016

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 31 December 2015

  • 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 31 December 2015

  • 2. Tangible assets

    Total
    Cost £
    01 January 2015: 105,561
    Additions: 6,883
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 December 2015: 112,444
    Depreciation
    01 January 2015: 55,683
    Charge for year: 36,852
    On disposals: 0
    Other adjustments: 0
    31 December 2015: 92,535
    Net book value
    31 December 2015: 19,909
    31 December 2014: 49,878

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 3. Debtors


    2015
    £
    2014
    £
    Prepayments and accrued income: 4,217
    Other debtors: 26,187 25,427
    Total: 26,187 29,644

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 4. Creditors: amounts falling due within one year


    2015
    £
    2014
    £
    Trade creditors: 10,391 27,208
    Taxation and social security: 0
    Other creditors: 20,356
    Total: 10,391 47,564

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2

ADVENT LS SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 6. 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 LP for the day to day running of the business
    Balance at 01 January 2015 348,610
    Balance at 31 December 2015 0
    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 LP for the day to day running of the business
    Balance at 01 January 2015 296,390
    Balance at 31 December 2015 0
    Name of related party: Advent Ventures 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
    Balance at 01 January 2015 65,000
    Balance at 31 December 2015 0
    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
    Balance at 01 January 2015 40,000
    Balance at 31 December 2015 0
    Name of related party: Capella Biosciences Ltd
    Relationship: Same Board Members
    Description of the transaction Services provided to Capella Biosciences Ltd for the day to day running of the business
    Balance at 01 January 2015 40,000
    Balance at 31 December 2015 0