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
ABSOLUTE 22 LTD
Company Information
for the year ended 31 January 2024
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
ABSOLUTE 22 LTD
Statement of financial position
as at 31 January 2024
Investment property
546,787
Cash at bank and in hand
6,815
Creditors: amounts falling due within one year
(917)
Total assets less current liabilities
578,788
Creditors: amounts falling due after more than one year
(575,630)
Called up share capital
100
Profit and loss account
3,058
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
ABSOLUTE 22 LTD
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 January 2024
546,787
Amounts falling due within one year
ABSOLUTE 22 LTD
Notes to the Accounts
for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024
Taxes and social security
717
8
Creditors: amounts falling due after more than one year
2024
Loans from directors
41,710
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
Paragon Mortgage
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.