Registered number
06754344
ADVANCED 12 LIMITED
Filleted Accounts
30 November 2024
ADVANCED 12 LIMITED
Registered number: 06754344
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,234,000 1,234,000
Current assets
Debtors 4 10,526 -
Cash at bank and in hand 56,450 53,183
66,976 53,183
Creditors: amounts falling due within one year 5 (54,289) (32,659)
Net current assets 12,687 20,524
Total assets less current liabilities 1,246,687 1,254,524
Creditors: amounts falling due after more than one year 6 (725,556) (716,507)
Net assets 521,131 538,017
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 518,586 518,586
Profit and loss account 2,544 19,430
Shareholder's funds 521,131 538,017
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 22 June 2025
ADVANCED 12 LIMITED
Notes to the Accounts
for the year ended 30 November 2024
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 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2023 1,234,000
At 30 November 2024 1,234,000
Depreciation
At 30 November 2024 -
Net book value
At 30 November 2024 1,234,000
At 30 November 2023 1,234,000
4 Debtors 2024 2023
£ £
Other debtors 10,526 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 54,289 32,239
Taxation and social security costs - 420
54,289 32,659
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 725,556 716,507
7 Revaluation reserve 2024 2023
£ £
At 1 December 2023 518,586 518,586
At 30 November 2024 518,586 518,586
8 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
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