Advanta Holdings Limited - Accounts to registrar - small 17.2
Advanta Holdings Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st December 2016 |
| for |
| Advanta Holdings Limited |
| Advanta Holdings Limited (Registered number: 05171185) |
| Contents of the Financial Statements |
| for the Year Ended 31st December 2016 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 4 |
| Advanta Holdings Limited |
| Company Information |
| for the Year Ended 31st December 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 3 London Wall Buildings |
| London |
| EC2M 5PD |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Advanta Holdings Limited |
| The following reproduces the text of the report prepared for the director and members in respect of the |
| Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the |
| Company is only required to file a Statement of Financial Position. Readers are cautioned that the |
| Statement of Comprehensive Income and certain other primary statements and the Report of the |
| Director are not required to be filed with the Registrar of Companies. |
| 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 2016 which comprise |
| the Income Statement, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Advanta Holdings Limited 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 director of Advanta Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Advanta Holdings Limited director 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 |
| 3 London Wall Buildings |
| London |
| EC2M 5PD |
| Advanta Holdings Limited (Registered number: 05171185) |
| Statement of Financial Position |
| 31st December 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Advanta Holdings Limited (Registered number: 05171185) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2016 |
| 1. | STATUTORY INFORMATION |
| Advanta Holdings Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
| 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
| party transactions with wholly owned subsidiaries within the group. |
| Significant judgements and estimates |
| The preparation of the financial statements may require the directors to make judgements, estimates and |
| assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the |
| amounts reported for revenues and expenses during the year. However, the nature of estimation means |
| that actual outcomes could differ from those estimates. |
| No judgements, estimates or assumptions that are material to the financial statements have been made |
| during the current or prior year. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Advanta Holdings Limited (Registered number: 05171185) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st January 2016 |
| Additions |
| At 31st December 2016 |
| NET BOOK VALUE |
| At 31st December 2016 |
| At 31st December 2015 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| VAT | - | 4,430 |
| Pension | 622 | 622 |
| Accruals and deferred income |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| Advanta Holdings Limited (Registered number: 05171185) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2016 |
| 9. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1st January 2016 | 377,445 |
| Profit for the year |
| At 31st December 2016 | 393,570 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of Advanta Global Services Limited, a company incorporated in Malta. |
| The ultimate controlling parties are the directors. |