| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD 12 OCTOBER 2023 TO 31 MARCH 2025 |
| FOR |
| ABSOLUTE LETTINGS SOUTH DEVON LTD |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD 12 OCTOBER 2023 TO 31 MARCH 2025 |
| FOR |
| ABSOLUTE LETTINGS SOUTH DEVON LTD |
| ABSOLUTE LETTINGS SOUTH DEVON LTD (REGISTERED NUMBER: 15206208) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 12 OCTOBER 2023 TO 31 MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ABSOLUTE LETTINGS SOUTH DEVON LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 12 OCTOBER 2023 TO 31 MARCH 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Tax Advisers, Accountants |
| and Business Consultants |
| Vantage Point House |
| Silverhills Road |
| Decoy Industrial Estate |
| Newton Abbot |
| Devon |
| TQ12 5ND |
| ABSOLUTE LETTINGS SOUTH DEVON LTD (REGISTERED NUMBER: 15206208) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 LETTINGS SOUTH DEVON LTD (REGISTERED NUMBER: 15206208) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ABSOLUTE LETTINGS SOUTH DEVON LTD (REGISTERED NUMBER: 15206208) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 12 OCTOBER 2023 TO 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Absolute Lettings South Devon Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 |
| ABSOLUTE LETTINGS SOUTH DEVON LTD (REGISTERED NUMBER: 15206208) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 12 OCTOBER 2023 TO 31 MARCH 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| Additions |
| At 31 March 2025 |
| DEPRECIATION |
| Charge for period |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to associates | 15,935 |
| Tax |
| Social security and other taxes |
| VAT | 23,485 |
| Other creditors |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Other loans - 1-2 years | 25,936 |
| Other loans - 2-5 years | 142,307 |
| 8. | OTHER FINANCIAL COMMITMENTS |
| At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £22,669. |
| ABSOLUTE LETTINGS SOUTH DEVON LTD (REGISTERED NUMBER: 15206208) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 12 OCTOBER 2023 TO 31 MARCH 2025 |
| 9. | ULTIMATE CONTROLLING PARTY |
| Absolute Lettings South Devon Ltd is wholly owned by it's parent company Absolute Sales & Lettings Ltd. The registered office of the parent is: 27 Hyde Road, Paignton, Devon, TQ4 5BP. |