Company Registration No. 09431993 (England and Wales)
Advent Insurance Management Limited
Unaudited accounts
for the year ended 31 December 2024
Advent Insurance Management Limited
Unaudited accounts
Contents
Advent Insurance Management Limited
Company Information
for the year ended 31 December 2024
Directors
P Bermingham
P Middelkoop
B Milchem
P Scarrett
T McArthur
Company Number
09431993 (England and Wales)
Registered Office
27-29 TOWNFIELD STREET
CHELMSFORD
CM1 1QL
ENGLAND
Advent Insurance Management Limited
Statement of financial position
as at 31 December 2024
Intangible assets
889,262
1,609,689
Tangible assets
6,486
4,046
Cash at bank and in hand
901,817
35,234
Creditors: amounts falling due within one year
(1,696,806)
(2,886,747)
Net current liabilities
(326,712)
(66,253)
Total assets less current liabilities
569,036
1,547,770
Creditors: amounts falling due after more than one year
(1,807,534)
(1,602,086)
Net liabilities
(1,238,498)
(54,316)
Called up share capital
767,173
767,173
Share premium
199,600
199,600
Profit and loss account
(2,205,271)
(1,021,089)
Shareholders' funds
(1,238,498)
(54,316)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by
P Bermingham
Director
Company Registration No. 09431993
Advent Insurance Management Limited
Notes to the Accounts
for the year ended 31 December 2024
Advent Insurance Management Limited is a private company, limited by shares, registered in England and Wales, registration number 09431993. The registered office is 27-29 TOWNFIELD STREET, CHELMSFORD, CM1 1QL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The financial statements have been prepared on a going concern basis. The directors have assessed the company’s financial position, including projected cash flows and available funding, and have received written confirmation from the company's investors of their intention to continue to provide financial support for a period of at least 12 months from the date of approval of these financial statements. Based on this support and the company’s business plans, the directors believe it is appropriate to prepare the financial statements on a going concern basis.
4
Intangible fixed assets
Other
At 1 January 2024
3,438,489
At 31 December 2024
3,409,299
At 1 January 2024
1,828,800
Charge for the year
691,237
At 31 December 2024
2,520,037
At 31 December 2024
889,262
At 31 December 2023
1,609,689
Advent Insurance Management Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings
At 31 December 2024
37,382
At 31 December 2024
30,896
6
Investments
Subsidiary undertakings
Valuation at 1 January 2024
288
Valuation at 31 December 2024
-
Amounts falling due within one year
Trade debtors
41,740
807,249
Amounts due from group undertakings etc.
-
1,619,111
Accrued income and prepayments
257,788
264,535
Other debtors
91,949
94,365
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
140,000
-
Trade creditors
332,049
413,148
Amounts owed to group undertakings and other participating interests
-
1,121,902
Taxes and social security
16,141
13,758
Other creditors
4,433
2,092
Loans from directors
89,558
50,000
Deferred income
885,731
961,955
Advent Insurance Management Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
1,807,534
1,602,086
10
Average number of employees
During the year the average number of employees was 18 (2023: 20).