Abbreviated Company Accounts - ADVANTA LIMITED

Registered Number 01970895

ADVANTA LIMITED

Abbreviated Accounts

30 June 2013

ADVANTA LIMITED Registered Number 01970895

Abbreviated Balance Sheet as at 30 June 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	824	1,098
		824	1,098
Current assets
Debtors		9,300	9,500
Cash at bank and in hand		370	434
		9,670	9,934
Creditors: amounts falling due within one year		(69,311)	(69,311)
Net current assets (liabilities)		(59,641)	(59,377)
Total assets less current liabilities		(58,817)	(58,279)
Total net assets (liabilities)		(58,817)	(58,279)
Capital and reserves
Called up share capital		2,050,000	2,050,000
Profit and loss account		(2,108,817)	(2,108,279)
Shareholders' funds		(58,817)	(58,279)

For the year ending 30 June 2013 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.

Approved by the Board on 29 July 2014

And signed on their behalf by:
J W Cutts, Director

ADVANTA LIMITED Registered Number 01970895

Notes to the Abbreviated Accounts for the period ended 30 June 2013

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of measurement and preparation of accounts
a) Basis of accounting
The financial statements are prepared on the historical cost basis of accounting and in accordance with acceptable accounting standards.
b) Going concern
The financial statements have been prepared on a going concern basis as the shareholder has agreed to provide adequate finance for the company to meet its liabilities as they fall due for the foreseeable future.

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Fixtures and fittings 25% Reducing balance
Improvements to leasehold 6.67% Straight line

Other accounting policies
Related party disclosures

Advanta Limited was the head tenant of the premises at 18A St James Place. The lease expired in the year 2012 and therefore no rental income was generated during the year. Pall Mall Capital Ltd was invoiced £nil (2012:£41,360) and as at the year end owed to Advanta Limited
£700 (2012:£700). J W Cutts is a director and shareholder of Pall Mall Capital Ltd.

During the year to 30 June 2013 there were no transaction with Florin Holdings Ltd and as at the year end a balance of £8,600 (2012: £8,600) was owed to Advanta Ltd. J W Cutts is a
director and shareholder of Florin Holdings Ltd.

The ultimate parent undertaking is Florin Holdings Ltd a company registered in England and Wales. Florin Holdings Ltd is ultimately controlled by its sole shareholder and director J W Cutts.

The director did not withdraw any salary or funds in the year ended 30 June 2013.

2Tangible fixed assets

	£
Cost
At 1 July 2012	257,274
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 June 2013	257,274
Depreciation
At 1 July 2012	256,176
Charge for the year	274
On disposals	-
At 30 June 2013	256,450
Net book values
At 30 June 2013	824
At 30 June 2012	1,098