Advanta Holdings Limited - Abbreviated accounts 16.1
Advanta Holdings Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st December 2015 |
| for |
| Advanta Holdings Limited |
| Advanta Holdings Limited (Registered number: 05171185) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st December 2015 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 4 |
| Advanta Holdings Limited |
| Company Information |
| for the Year Ended 31st December 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Advanta Holdings Limited |
| The following reproduces the text of the report prepared for the directors in respect of the Company's |
| annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
| pages three to eight) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
| the financial statements of Advanta Holdings Limited for the year ended 31st December 2015 which comprise |
| the Profit and Loss Account, the Balance Sheet and the related notes from the Company's accounting records |
| and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Advanta Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Advanta Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Advanta Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Advanta Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Advanta Holdings Limited. You consider that Advanta Holdings Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Advanta Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 30th September 2016 |
| Advanta Holdings Limited (Registered number: 05171185) |
| Abbreviated Balance Sheet |
| 31st December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on its behalf by: |
| Advanta Holdings Limited (Registered number: 05171185) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st December 2015 |
| 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 January 2015). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Advanta Holdings Limited as an individual Company |
| and do not contain consolidated financial information as the parent of a group. The Company has taken |
| the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
| statements. |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| 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. |
| 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 the profit and loss account in the period to which they relate. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st January 2015 | 327,304 |
| Additions | 46,667 |
| At 31st December 2015 | 373,971 |
| NET BOOK VALUE |
| At 31st December 2015 |
| At 31st December 2014 |
| Advanta Holdings Limited (Registered number: 05171185) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st December 2015 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| The Company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Country of incorporation: Argentina |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 60.00 |
| £ | £ |
| Aggregate capital and reserves | 13,466 | 12,330 |
| Profit for the year | 10,080 | - |
| Country of incorporation: Germany |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | - | (17,548 | ) |
| Profit for the year | - | 21,101 |
| Country of incorporation: Israel |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 60.00 |
| £ | £ |
| Aggregate capital and reserves | - | 17,977 |
| Country of incorporation: Mexico |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 98.00 |
| £ | £ |
| Aggregate capital and reserves | - | 19,445 |
| Loss for the year | - | (11,413 | ) |
| Advanta Holdings Limited (Registered number: 05171185) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st December 2015 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| Country of incorporation: Portugal |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 80.00 |
| £ | £ |
| Aggregate capital and reserves | 161,924 | 168,865 |
| Loss for the year | (6,941 | ) | (58,436 | ) |
| Country of incorporation: Spain |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| £ | £ |
| Aggregate capital and reserves | 32,611 | 14,697 |
| Profit for the year | 19,198 | 5,650 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 110,334 | 113,124 |
| Loss for the year | (2,790 | ) | (1,688 | ) |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | - | 559,721 |
| Profit for the year | - | 53,489 |
| Advanta Holdings Limited (Registered number: 05171185) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st December 2015 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | - | 1 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | - | 1 |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | - | 1 |
| Country of incorporation: United States of America |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 75.00 |
| £ | £ |
| Aggregate capital and reserves | 317,719 | 215,942 |
| Profit for the year | 11,852 | 51,564 |
| Country of incorporation: Singapore |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 91,516 | 73,030 |
| Profit/(loss) for the year | 28,889 | (9,043 | ) |
| Advanta Holdings Limited (Registered number: 05171185) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st December 2015 |
| 2. | FIXED ASSET INVESTMENTS - continued |
| Country of incorporation: Mauritius |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 80.00 |
| £ | £ |
| Aggregate capital and reserves | 127,649 | 103,440 |
| Profit for the year | 19,079 | 18,037 |
| Country of incorporation: Brazil |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 95.00 |
| £ | £ |
| Aggregate capital and reserves | (24,736 | ) | 31,553 |
| (Loss)/profit for the year | (32,911 | ) | 7,817 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |