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REGISTERED NUMBER: 13907350 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 10 FEBRUARY 2022 TO 31 MAY 2023

FOR

ABSOLUTE BLOCK MANAGEMENT LTD

ABSOLUTE BLOCK MANAGEMENT LTD (REGISTERED NUMBER: 13907350)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 FEBRUARY 2022 TO 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABSOLUTE BLOCK MANAGEMENT LTD

COMPANY INFORMATION
FOR THE PERIOD 10 FEBRUARY 2022 TO 31 MAY 2023







DIRECTORS: Mr S J Fisher
Mr C R Mitchell



REGISTERED OFFICE: 27 Hyde Road
Paignton
Devon
TQ4 5BP



REGISTERED NUMBER: 13907350 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Barclays
39-40 Fleet Street
Torquay
Devon

ABSOLUTE BLOCK MANAGEMENT LTD (REGISTERED NUMBER: 13907350)

BALANCE SHEET
31 MAY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 723

CURRENT ASSETS
Debtors 5 9,407
Cash at bank 5,140
14,547
CREDITORS
Amounts falling due within one year 6 8,647
NET CURRENT ASSETS 5,900
TOTAL ASSETS LESS CURRENT LIABILITIES 6,623

PROVISIONS FOR LIABILITIES 137
NET ASSETS 6,486

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 6,386
SHAREHOLDERS' FUNDS 6,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ABSOLUTE BLOCK MANAGEMENT LTD (REGISTERED NUMBER: 13907350)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:




Mr C R Mitchell - Director



Mr S J Fisher - Director


ABSOLUTE BLOCK MANAGEMENT LTD (REGISTERED NUMBER: 13907350)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 FEBRUARY 2022 TO 31 MAY 2023


1. STATUTORY INFORMATION

Absolute Block Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

ABSOLUTE BLOCK MANAGEMENT LTD (REGISTERED NUMBER: 13907350)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 FEBRUARY 2022 TO 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 716 187 903
At 31 May 2023 716 187 903
DEPRECIATION
Charge for period 125 55 180
At 31 May 2023 125 55 180
NET BOOK VALUE
At 31 May 2023 591 132 723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 507
Other debtors 8,703
Prepayments 197
9,407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 670
Tax 1,417
Social security and other taxes 1,974
VAT 2,896
Other creditors 361
Accrued expenses 1,329
8,647

7. RELATED PARTY DISCLOSURES

During the period, the company rented an office space for £3,600 from Absolute Sales & Lettings Limited who own 100% of the shares.

Included in other debtors, is an amount of £8,603 due from Miss L Sims, a director of the company that resigned on 31 May 2023.