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Company Registration No. 13849699 (England and Wales)
ABSOLUTE 22 LTD Unaudited accounts for the year ended 31 January 2024
ABSOLUTE 22 LTD Unaudited accounts Contents
Page
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ABSOLUTE 22 LTD Company Information for the year ended 31 January 2024
Director
Karl Edwards
Company Number
13849699 (England and Wales)
Registered Office
10 JUNIPER CLOSE WORTHING W SUSSEX BN13 3PR ENGLAND
Accountants
Zeitgeist Consultancy Ltd 10 Juniper Close Worthing W Sussex BN13 3PR
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ABSOLUTE 22 LTD Statement of financial position as at 31 January 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
24,603 
Investment property
546,787 
571,390 
Current assets
Debtors
1,500 
Cash at bank and in hand
6,815 
8,315 
Creditors: amounts falling due within one year
(917)
Net current assets
7,398 
Total assets less current liabilities
578,788 
Creditors: amounts falling due after more than one year
(575,630)
Net assets
3,158 
Capital and reserves
Called up share capital
100 
Profit and loss account
3,058 
Shareholders' funds
3,158 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 4 September 2024 and were signed on its behalf by
Karl Edwards Director Company Registration No. 13849699
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ABSOLUTE 22 LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ABSOLUTE 22 LTD is a private company, limited by shares, registered in England and Wales, registration number 13849699. The registered office is 10 JUNIPER CLOSE, WORTHING, W SUSSEX, BN13 3PR, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
- 
Additions
24,603 
At 31 January 2024
24,603 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
24,603 
5
Investment property
2024 
£ 
Additions
546,787 
At 31 January 2024
546,787 
6
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
1,500 
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ABSOLUTE 22 LTD Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
200 
Taxes and social security
717 
917 
8
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
338,920 
Other creditors
195,000 
Loans from directors
41,710 
575,630 
The property has been financed by a 5 year fixed mortgage from Paragon Bank of £338,920, which commenced in May 2023.
9
Guarantees provided on behalf of directors
Maximum Liability Under Guarantees 
Amount paid and liability incurred 
£ 
£ 
Karl Edwards
Paragon Mortgage
338,920 
- 
338,920 
- 
The Paragon Bank mortgage is personally guaranteed by Karl Edwards
10
Average number of employees
During the year the average number of employees was 0.
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