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Registered number: 03404728
ADVANTAGE FINANCIAL SERVICES LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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ADVANTAGE FINANCIAL SERVICES LIMITED
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COMPANY INFORMATION
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Chartered Accountants & Statutory Auditor
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ADVANTAGE FINANCIAL SERVICES LIMITED
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CONTENTS
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Notes to the financial statements
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ADVANTAGE FINANCIAL SERVICES LIMITED
REGISTERED NUMBER:03404728
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BALANCE SHEET
AS AT 30 SEPTEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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ADVANTAGE FINANCIAL SERVICES LIMITED
REGISTERED NUMBER:03404728
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BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
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 by:
The notes on pages 3 to 8 form part of these financial statements.
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ADVANTAGE FINANCIAL SERVICES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
Advantage Financial Services Limited is private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company's registered office address can be found on the Company Information page.
The company is regulated by the Financial Conduct Authority (FCA) and adheres to the FCA's principles of business.
The principal activity continued to be that of an insurance agent and broker.
The Company's functional and presentational currency is GBP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The parent company, Advantage Travel Centres Limited, has indicated its willingness and intention to continue to provide ongoing support to the Company. Having considered this, the directors are confident that the Company will continue to receive support from its parent for a period of at least twelve months from the signing of the financial statements.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Turnover is presented net of commissions and any fee income arising on the handling of insurance contracts and associated services by the company. Any proportion of the commissions that relate to periods of risk extending beyond the period end are carried forward as deferred income.
Turnover is first recognised when the risk under insurance policies commences and to the extent that the Company's relevant obligations under the contract concerned have been performed.
Interest income is recognised in profit or loss using the effective interest method.
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ADVANTAGE FINANCIAL SERVICES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Investments in subsidiaries are measured at cost less accumulated impairment.
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Associates and joint ventures
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Associates and Joint Ventures are held at cost less impairment.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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ADVANTAGE FINANCIAL SERVICES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2.Accounting policies (continued)
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
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ADVANTAGE FINANCIAL SERVICES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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Joint Ventures
The Company's aggregate share in the joint venture with MGA Cover Services Limited ("MGA") at the year end is outlined below. MGA is an insurance underwriting agency incorporated in the UK whose registered office is Rock Insurance Services Limited, 135 High Street, Crawley, England. RH10 1DQ.
Unlisted investments
The unlisted investments comprise of the following holdings in the share capital of The Independents' Advantage Insurance Company Limited (IAICL), a fellow subsidiary of Advantage Travel Centres Ltd:
200,000 Class A cumulative preference shares of £1 each (fully paid), being 100% (2024: 100%) of the total of that class; and
15,000 6% cumulative redeemable preference shares of £1 each (partly paid at £0.50 per share), being 27% (2024: 27%) of the total of that class.
The company does not hold any IAICL ordinary shares.
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Investment in joint ventures
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ADVANTAGE FINANCIAL SERVICES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Included in cash at bank and in hand is an amount of £954,340 (2024: £747,516) in relation to client assets held in accordance with CASS 5 and CASS 7 of the FCA handbook.
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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In accordance with CASS 5 and CASS 7 of the FCA Handbook, client assets to the sum of £954,340 (2024: £747,516) were held in other creditors above at the year end.
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Creditors: Amounts falling due after more than one year
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Amounts owed to group undertakings
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ADVANTAGE FINANCIAL SERVICES LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £19,230 (2024: £14,322). Contributions totalling £nil (2024: £nil) were payable to the fund at the balance sheet date and are included in creditors.
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Related party transactions
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There were no material related party transactions entered into during the year that have not been concluded under normal market conditions.
During the year the company earned commission revenues from MGA Cover Services Limited ("MGA"), a company jointly controlled by Advantage Financial Services Limited and Rock Insurance Services Limited, of £nil (2024: £nil), a share of the profit £961 (2024: £3,336 loss) from MGA and, as a broker, passed through insurance premiums received to MGA.
At the year end, the Company was owed £488,222 (2024: £151,406) from Advantage Travel Centres Limited, its ultimate parent company.
At the year end, the Company owed £10,500 (2024: £10,500) to Advantage Meetings and Events Limited, a fellow subsidiary.
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Post balance sheet events
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The directors have concluded that no material events have occurred since the date of approval of these financial statements that would affect the financial statements of the Group.
The ultimate controlling party is Advantage Travel Centres Limited by virtue of its ownership of 100% of the issued voting share capital.
The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified.
The audit report was signed on 20 February 2026 by Yasin Khandwalla FCCA (Senior statutory auditor) on behalf of Xeinadin Audit Limited.
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