Advanta Holdings Limited - Accounts to registrar (filleted) - small 18.2

Advanta Holdings Limited - Accounts to registrar (filleted) - small 18.2

ADVANTA HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 05171185 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st December 2017

for

Advanta Holdings Limited
Advanta Holdings Limited (Registered number: 05171185)






Contents of the Financial Statements
for the Year Ended 31st December 2017




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 2017







DIRECTOR: G. Viar





SECRETARY: G. Viar





REGISTERED OFFICE: Wakefield House
41 Trinity Square
London
EC3N 4DJ





REGISTERED NUMBER: 05171185 (England and Wales)





ACCOUNTANTS: Born & Co.
Chartered Accountants
3 London Wall Buildings
London
EC2M 5PD
Page 1
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 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 2017 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 and its 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.






Born & Co.
Chartered Accountants
3 London Wall Buildings
London
EC2M 5PD


15th November 2018

This page does not form part of the statutory financial statements

Page 2
Advanta Holdings Limited (Registered number: 05171185)

Statement of Financial Position
31st December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investments 5 273,162 476,885

CURRENT ASSETS
Debtors 6 984,738 776,689
Cash at bank 91,222 74,057
1,075,960 850,746
CREDITORS
Amounts falling due within one year 7 950,552 933,961
NET CURRENT ASSETS/(LIABILITIES) 125,408 (83,215 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
398,570
393,670

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 9 199,903 199,903
Retained earnings 9 198,567 193,667
SHAREHOLDERS' FUNDS 398,570 393,670

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 15th November 2018 and were signed by:



G. Viar - Director


The notes form part of these financial statements

Page 3
Advanta Holdings Limited (Registered number: 05171185)

Notes to the Financial Statements
for the Year Ended 31st December 2017

1. STATUTORY INFORMATION

Advanta Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 4 (2016 - 4 ) .

Page 4 continued...
Advanta Holdings Limited (Registered number: 05171185)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2017

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st January 2017 476,885
Disposals (203,723 )
At 31st December 2017 273,162
NET BOOK VALUE
At 31st December 2017 273,162
At 31st December 2016 476,885

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 48,289 64,762
Amounts owed by group undertakings 841,530 686,698
Other debtors - 229
VAT - 924
Prepayments and accrued income 94,919 24,076
984,738 776,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 1,989 9,719
Amounts owed to group undertakings 678,291 670,642
Tax 1,191 5,254
Social security and other taxes 8,355 5,246
VAT 8,990 -
Pension 452 622
Accruals and deferred income 251,284 242,478
950,552 933,961

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

Page 5 continued...
Advanta Holdings Limited (Registered number: 05171185)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2017

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st January 2017 193,667 199,903 393,570
Profit for the year 4,900 4,900
At 31st December 2017 198,567 199,903 398,470

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.

Page 6