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Advanced Dynamics Holdings Limited

Registered number: 11887331
Information for filing with the Registrar
For the year ended 31 March 2024

 
 11887331
31 March 2024
ADVANCED DYNAMICS HOLDINGS LIMITED
REGISTERED NUMBER: 11887331

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,500,200
1,500,200

  
1,500,200
1,500,200

  

Creditors: amounts falling due within one year
 5 
(1,494,074)
(1,449,074)

Net current liabilities
  
 
 
(1,494,074)
 
 
(1,449,074)

Total assets less current liabilities
  
6,126
51,126

  

Net assets
  
6,126
51,126


Capital and reserves
  

Called up share capital 
 6 
222
222

Share premium account
 7 
37,651
37,651

Profit and loss account
 7 
(31,747)
13,253

  
6,126
51,126


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 directors acknowledge their 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 statement of comprehensive income 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 14 February 2025.

M I Little
Director

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

- 1 -

 
 11887331
31 March 2024
ADVANCED DYNAMICS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Advanced Dynamics Holdings Limited is a private company, limited by shares and registered in England and Wales, registered number 11887331. The registered office is Unit 3, 606 Industrial Park Staithgate Lane, Bradford, West Yorkshire, BD6 1YA.
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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

These financial statements have been presented in pound sterling which is the functional currency of the Company, and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the Company for a period of at least twelve months from the date of signing these financial statements, consider the use of the going concern basis of accounting to be appropriate.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

- 2 -

 
 11887331
31 March 2024
ADVANCED DYNAMICS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost and net book value


At 1 April 2023
1,500,200



At 31 March 2024
1,500,200





5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,494,074
1,449,074


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.


6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,222 (2023 - 2,222) Ordinary shares shares of £0.10 each
222
222



7.


Reserves

Share premium account

Share premium represents the amount above the nominal value received for issue share capital, less transaction costs.

Profit & loss account

This reserve includes the cumulative profits or losses less dividends paid.

- 3 -

 
 11887331
31 March 2024
ADVANCED DYNAMICS HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Contingent liabilities

As at 31 March 2024, Advanced Dynamics Limited has outstanding bank loan balances which are secured by way of fixed and floating charges over the assets of the company and the assets of other group companies as follows: Advanced Dynamics Group Limited and Advanced Dynamics Holdings Limited. 


9.


Related party transactions

The Company is a wholly owned subsidiary of the group headed by Advanced Dynamics Group Limited and as such has taken advantage of the exemption permitted by Section 33 'Related Party Disclosures' not to provide disclosures of transactions entered into with wholly owned subsidiaries within the group.


10.


Controlling party

The ultimate parent company is Advanced Dynamics Group Limited. 

 
- 4 -