Caseware UK (AP4) 2023.0.135 2023.0.135 truetruefalse2023-01-01No description of principal activity11true 04406028 2023-01-01 2023-12-31 04406028 2022-01-01 2022-12-31 04406028 2023-12-31 04406028 2022-12-31 04406028 c:Director4 2023-01-01 2023-12-31 04406028 d:CurrentFinancialInstruments 2023-12-31 04406028 d:CurrentFinancialInstruments 2022-12-31 04406028 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04406028 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04406028 d:ShareCapital 2023-12-31 04406028 d:ShareCapital 2022-12-31 04406028 d:RetainedEarningsAccumulatedLosses 2023-12-31 04406028 d:RetainedEarningsAccumulatedLosses 2022-12-31 04406028 c:EntityHasNeverTraded 2023-01-01 2023-12-31 04406028 c:FRS102 2023-01-01 2023-12-31 04406028 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04406028 c:FullAccounts 2023-01-01 2023-12-31 04406028 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04406028 d:Subsidiary1 2023-01-01 2023-12-31 04406028 d:Subsidiary1 1 2023-01-01 2023-12-31 04406028 6 2023-01-01 2023-12-31 04406028 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04406028










Advantage Business Technologies Limited








Unaudited

Financial statements

For the Year Ended 31 December 2023

 
Advantage Business Technologies Limited
Registered number: 04406028

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,676,986
1,676,986

  
1,676,986
1,676,986

Current assets
  

Debtors: amounts falling due within one year
 5 
12,887
12,887

  
12,887
12,887

Creditors: amounts falling due within one year
 6 
(1,679,873)
(1,679,873)

Net current liabilities
  
 
 
(1,666,986)
 
 
(1,666,986)

Total assets less current liabilities
  
10,000
10,000

  

Net assets
  
10,000
10,000


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
9,999
9,999

  
10,000
10,000


For the year ended 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 September 2024.




................................................
S Godfrey
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
Advantage Business Technologies Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

Advantage Business Technologies Limited (the Company) is a limited company incorporated and domiciled in the United Kingdom. The principal activity of the company is that of a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,676,986



At 31 December 2023
1,676,986




Page 2

 
Advantage Business Technologies Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Advantage Business Systems Limited
Sale of accounting software and related services
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

 
Advantage Business Systems Limited

1,027,747
380,932


5.


Debtors

2023
2022
£
£


Other debtors
12,887
12,887

12,887
12,887



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,679,873
1,679,873

1,679,873
1,679,873



7.


Related party transactions

The company owed £1,666,986 (2022: £1,666,986) to Netcon Inc., a company incorporated in the USA and which owns 100% of the issued share capital.

Page 3

 
Advantage Business Technologies Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2023

8.


Controlling party

The company is under the control of Netcon Inc., a company incorporated in the USA and which owns 100% of the issued share capital.
 
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.


Page 4