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Company No: 14613267 (England and Wales)

ADVANCED TECHNOLOGY ASSURANCE LIMITED
(Formerly Skyrisks Limited)

Unaudited Financial Statements
For the financial period from 24 January 2023 to 31 December 2023
Pages for filing with the registrar

ADVANCED TECHNOLOGY ASSURANCE LIMITED

Unaudited Financial Statements

For the financial period from 24 January 2023 to 31 December 2023

Contents

ADVANCED TECHNOLOGY ASSURANCE LIMITED

COMPANY INFORMATION

For the financial period from 24 January 2023 to 31 December 2023
ADVANCED TECHNOLOGY ASSURANCE LIMITED

COMPANY INFORMATION (continued)

For the financial period from 24 January 2023 to 31 December 2023
DIRECTORS Thomas Edwin Chamberlain (Appointed 25 January 2023)
Neville Brendon Ching (Appointed 24 January 2023)
Michael Ian Coles (Appointed 24 January 2023)
Shelley Christine Lyddon-Mills (Appointed 06 September 2023)
Charles Stockton Norton-Smith (Appointed 25 January 2023, Resigned 18 December 2023)
REGISTERED OFFICE The St Botolph Building
138
Houndsditch
London
EC3A 7AR
United Kingdom
COMPANY NUMBER 14613267 (England and Wales)
ADVANCED TECHNOLOGY ASSURANCE LIMITED

BALANCE SHEET

As at 31 December 2023
ADVANCED TECHNOLOGY ASSURANCE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023
£
Current assets
Debtors 3 16,338
Cash at bank and in hand 1,356,456
1,372,794
Creditors: amounts falling due within one year 4 ( 65,591)
Net current assets 1,307,203
Total assets less current liabilities 1,307,203
Net assets 1,307,203
Capital and reserves
Called-up share capital 5 9,750
Share premium account 1,597,000
Profit and loss account ( 299,547 )
Total shareholders' funds 1,307,203

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Advanced Technology Assurance Limited (registered number: 14613267) were approved and authorised for issue by the Board of Directors on 05 December 2024. They were signed on its behalf by:

Michael Ian Coles
Director
ADVANCED TECHNOLOGY ASSURANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 24 January 2023 to 31 December 2023
ADVANCED TECHNOLOGY ASSURANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 24 January 2023 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Advanced Technology Assurance Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is The St Botolph Building, 138, Houndsditch, London, EC3A 7AR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they adopt the going concern basis in preparing the financial statements.

Reporting period length

The company was incorporated on 24 January 2023 and the financial statements cover the period 24 January to 31 December 2023.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Taxation


Deferred tax
Deferred tax assets are recognised for unused tax losses only to the extent it is probable the losses will be relieved.

2. Employees

Period from
24.01.2023 to
31.12.2023
Number
Monthly average number of persons employed by the company during the period, including directors 1

3. Debtors

31.12.2023
£
Prepayments 9,633
Other debtors 6,705
16,338

4. Creditors: amounts falling due within one year

31.12.2023
£
Accruals 16,000
Other taxation and social security 44,131
Other creditors 5,460
65,591

5. Called-up share capital

31.12.2023
£
Allotted, called-up and fully-paid
675,000 Ordinary shares of £ 0.01 each 6,750
300,000 Preferred preference shares of £ 0.01 each 3,000
9,750

During the period :
675,000 Ordinary shares were allotted with a nominal value of £6,750 and consideration of £6,750 was received
300,000 Ordinary shares were allotted with a nominal value of £2,500 and consideration of £1,600,000