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REGISTERED NUMBER: NI686501 (Northern Ireland)















ADVISOR360DEGREES UK, LTD.

Financial Statements for the Year Ended 31 December 2023






ADVISOR360DEGREES UK, LTD. (Registered number: NI686501)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADVISOR360DEGREES UK, LTD.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B Daly
D Tedesco





SECRETARY: Sarcon Compliance Limited





REGISTERED OFFICE: Murray House 4
Murray Street
Belfast
Antrim
BT1 6DN





REGISTERED NUMBER: NI686501 (Northern Ireland)





AUDITORS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

ADVISOR360DEGREES UK, LTD. (Registered number: NI686501)

Balance Sheet
31 December 2023

2023 2022
Notes $    $   
CURRENT ASSETS
Debtors 4 29,425 1
Cash in hand 131,564 -
160,989 1
CREDITORS
Amounts falling due within one year 5 (148,143 ) -
NET CURRENT ASSETS 12,846 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,846

1

CAPITAL AND RESERVES
Called up share capital - 1
Retained earnings 12,846 -
12,846 1

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





D Tedesco - Director


ADVISOR360DEGREES UK, LTD. (Registered number: NI686501)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

ADVISOR360DEGREES UK, LTD. is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Going Concern
The financial statements have been prepared on a going concern basis as the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a foreseeable future and the holding company has undertaken to provide continuing financial support so that the company is able to pay its debts as and when they fall due.

In order to assess the going concern assumption, the company has prepared and considered trading and cashflow forecasts for the period covering at least 12 months from the date of approval of theses financial statements.

Having considered the information available to him to the date of signing the financial statements, the director is satisfied that the company remains a going concern.

Turnover
Turnover, which is stated net of value added tax, represents management fees receivable from the parent company during the year.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102, in full, to all of its financial instruments.
Financial instrument are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade debtors and other debtors and cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently carried at a amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value pf the future receipts discontinued at a market rate of interest.

Classification of financial liabilities
Basic financial liabilities, including trade and other creditors and amounts owed to group undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discontinued at a market rate of interest.

Debt instruments are subsequently carried out at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs.


ADVISOR360DEGREES UK, LTD. (Registered number: NI686501)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$    $   
Other debtors 29,425 1

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
$    $   
Amounts owed to group undertakings 133,700 -
Taxation and social security 3,013 -
Other creditors 11,430 -
148,143 -

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Bharat Kumar Dhanani (Senior Statutory Auditor)
for and on behalf of DSJ Partners (UK) Limited

ADVISOR360DEGREES UK, LTD. (Registered number: NI686501)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


7. RELATED PARTY DISCLOSURES

During the year, the company had received all its income from its parent company, Advisor360,LLC, for the management services it had provided. The parent company also had provided working capital to Advisor360degrees,UK Ltd. At the year end, amount payable to parent company was $133,700 (2022:$Nil).

8. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, the company is under the control of Gratitude Advisor360, Inc. a company whose registered office is 133 Boston Post Road, Weston, Massachusetts 02493 USA.

The immediate parent company is Advisor360 International Holdings, LLC a company incorporated in the United States whose registered office is 133 Boston Post Road, Weston, Massachusetts 02493 USA.