AD Management Advantage Limited Filleted accounts for Companies House (small and micro)

AD MANAGEMENT ADVANTAGE LIMITED - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 274,852 659,000 414,852 519,000 519,000 274,852 xbrli:pure xbrli:shares iso4217:GBP 12283541 2022-01-01 2022-12-31 12283541 2022-12-31 12283541 2021-12-31 12283541 bus:Director1 2022-01-01 2022-12-31 12283541 bus:Director2 2022-01-01 2022-12-31 12283541 core:WithinOneYear 2022-12-31 12283541 core:WithinOneYear 2021-12-31 12283541 core:ShareCapital 2022-12-31 12283541 core:ShareCapital 2021-12-31 12283541 core:RetainedEarningsAccumulatedLosses 2022-12-31 12283541 core:RetainedEarningsAccumulatedLosses 2021-12-31 12283541 core:CostValuation core:Non-currentFinancialInstruments 2021-12-31 12283541 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2022-12-31 12283541 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2022-12-31 12283541 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 12283541 core:Non-currentFinancialInstruments 2022-12-31 12283541 core:Non-currentFinancialInstruments 2021-12-31 12283541 bus:SmallEntities 2022-01-01 2022-12-31 12283541 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 12283541 bus:FullAccounts 2022-01-01 2022-12-31 12283541 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 12283541 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 12283541 core:AllAssociates 2022-01-01 2022-12-31

COMPANY REGISTRATION NUMBER: 12283541

AD Management Advantage Limited

Filleted Unaudited Financial Statements

31 December 2022

AD Management Advantage Limited

Financial Statements

Year ended 31 December 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

AD Management Advantage Limited

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£

Fixed assets

Investments	5		519,000	274,852

Current assets

Debtors	6	10,000	10,000
Cash at bank and in hand		81,346	1,116
		--------	--------
		91,346	11,116

Creditors: amounts falling due within one year	7	551,261		287,500
		---------		---------
Net current liabilities			459,915	276,384
			---------	---------
Total assets less current liabilities			59,085	( 1,532)

Provisions	–	( 368)
	--------	-------
Net assets/(liabilities)	59,085	( 1,164)
	--------	-------

Capital and reserves

Called up share capital	600	600
Profit and loss account	58,485	( 1,764)
	--------	-------
Shareholders funds/(deficit)	59,085	( 1,164)
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

AD Management Advantage Limited

Statement of Financial Position (continued)

31 December 2022

These financial statements were approved by the board of directors and authorised for issue on 17 April 2023 , and are signed on behalf of the board by:

Mr D C Jones	Mr A E Kennedy
Director	Director

Company registration number: 12283541

AD Management Advantage Limited

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The number of persons employed by the company during the year, including the directors, amounted to 2 (2021: 2).

5. Investments

	Other investments other than loans
	£
Cost
At 1 January 2022	274,852
Additions	659,000
Disposals	( 414,852)
	---------
At 31 December 2022	519,000
	---------
Impairment
At 1 January 2022 and 31 December 2022	–
	---------

Carrying amount
At 31 December 2022	519,000
	---------
At 31 December 2021	274,852
	---------

6. Debtors

	2022	2021
	£	£
Other debtors	10,000	10,000
	--------	--------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Corporation tax	13,761	–
Other creditors	537,500	287,500
	---------	---------
	551,261	287,500
	---------	---------

8. Related party transactions

At the balance sheet date the company owed £537,500 (2021: £287,500) to a company under common control.