Company No: 04406028 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

S Godfrey

Secretary

S Godfrey

Registered office	150 Minories Minories
	London
	EC3N 1LS
	United Kingdom

Company number

04406028 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2024		2023
		£		£
Fixed assets
Investments	3	1,676,986		1,676,986
		1,676,986		1,676,986
Current assets
Debtors	4	12,887		12,887
		12,887		12,887
Creditors: amounts falling due within one year	5	( 1,679,873)		( 1,679,873)
Net current liabilities		(1,666,986)		(1,666,986)
Total assets less current liabilities		10,000		10,000
Net assets		10,000		10,000
Capital and reserves
Called-up share capital		1		1
Profit and loss account		9,999		9,999
Total shareholder's funds		10,000		10,000

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Advantage Business Technologies Ltd (registered number: 04406028) were approved and authorised for issue by the Director on 08 December 2025. They were signed on its behalf by:

S Godfrey Director

1. Accounting policies

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

General information and basis of accounting

Advantage Business Technologies Ltd (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 150 Minories Minories, London, EC3N 1LS, 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 £.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	1,676,986
At 31 December 2024	1,676,986
Carrying value at 31 December 2024	1,676,986
Carrying value at 31 December 2023	1,676,986

Investments in shares

The following was a subsidiary undertaking of the company:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023	Held
Advantage Business Systems Limited	150 Minories, London, England, EC3N 1LS	Sale of accounting software and related services	Ordinary	100.00%	100.00%	Direct

The capital and reserves and the profit of the subsidiary undertaking was as follows:

	Capital and reserves at 2024	Profit for the year ended 2024
	£	£
Advantage Business Systems Limited	1,399,466	371,719

4. Debtors

	2024		2023
	£		£
Other debtors	12,887		12,887

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Other creditors	1,679,873		1,679,873

6. Related party transactions

The company owed £1,666,986 (2023: £1,666,986) to Netcon Inc., a company incorporated in the USA and which owns 100% of the issued share capital.

7. Ultimate controlling party

The company is under the control of Netcon Inc., a company incorporated in the USA and which owns 100% of the issued share capital.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.