Registered number
06754344
ADVANCED 12 LIMITED
Filleted Accounts
30 November 2023
ADVANCED 12 LIMITED
Registered number: 06754344
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,234,000 1,234,000
Current assets
Cash at bank and in hand 53,183 42,722
Creditors: amounts falling due within one year 4 (32,659) (106,414)
Net current assets/(liabilities) 20,524 (63,692)
Total assets less current liabilities 1,254,524 1,170,308
Creditors: amounts falling due after more than one year 5 (716,507) (633,588)
Net assets 538,017 536,720
Capital and reserves
Called up share capital 1 1
Revaluation reserve 6 518,586 518,586
Profit and loss account 19,430 18,133
Shareholder's funds 538,017 536,720
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sass Jahani
Director
Approved by the board on 27 February 2024
ADVANCED 12 LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2022 1,234,000
At 30 November 2023 1,234,000
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 1,234,000
At 30 November 2022 1,234,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 32,239 -
Taxation and social security costs 420 -
Other creditors - 106,414
32,659 106,414
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 716,507 633,588
6 Revaluation reserve 2023 2022
£ £
At 1 December 2022 518,586 518,586
At 30 November 2023 518,586 518,586
7 Other information
ADVANCED 12 LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11 Park Royal Metro Centre
Britannia Way
London
NW10 7PA
ADVANCED 12 LIMITED 06754344 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts October 2023 release 2 Sass Jahani No description of principal activity 06754344 2021-12-01 2022-11-30 06754344 core:WithinOneYear 2022-11-30 06754344 core:AfterOneYear 2022-11-30 06754344 core:ShareCapital 2022-11-30 06754344 core:OtherReservesSubtotal 2022-11-30 06754344 core:RetainedEarningsAccumulatedLosses 2022-11-30 06754344 core:RevaluationReserve 2021-11-30 06754344 2022-12-01 2023-11-30 06754344 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06754344 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06754344 bus:Director40 2022-12-01 2023-11-30 06754344 countries:England 2022-12-01 2023-11-30 06754344 bus:FRS102 2022-12-01 2023-11-30 06754344 bus:FullAccounts 2022-12-01 2023-11-30 06754344 2023-11-30 06754344 core:WithinOneYear 2023-11-30 06754344 core:AfterOneYear 2023-11-30 06754344 core:ShareCapital 2023-11-30 06754344 core:OtherReservesSubtotal 2023-11-30 06754344 core:RetainedEarningsAccumulatedLosses 2023-11-30 06754344 core:LandBuildings 2023-11-30 06754344 core:RevaluationReserve 2023-11-30 06754344 2022-11-30 06754344 core:LandBuildings 2022-11-30 06754344 core:RevaluationReserve 2022-11-30 iso4217:GBP xbrli:pure