Absolute Assets UK Limited 13730092 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is is that of holding companies. Digita Accounts Production Advanced 6.30.9574.0 true 13730092 2023-12-01 2024-11-30 13730092 2024-11-30 13730092 bus:OrdinaryShareClass1 2024-11-30 13730092 core:RetainedEarningsAccumulatedLosses 2024-11-30 13730092 core:ShareCapital 2024-11-30 13730092 core:CurrentFinancialInstruments 2024-11-30 13730092 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 13730092 bus:SmallEntities 2023-12-01 2024-11-30 13730092 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 13730092 bus:AbridgedAccounts 2023-12-01 2024-11-30 13730092 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13730092 bus:RegisteredOffice 2023-12-01 2024-11-30 13730092 bus:Director1 2023-12-01 2024-11-30 13730092 bus:Director2 2023-12-01 2024-11-30 13730092 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 13730092 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13730092 countries:AllCountries 2023-12-01 2024-11-30 13730092 2022-12-01 2023-11-30 13730092 2023-11-30 13730092 bus:OrdinaryShareClass1 2023-11-30 13730092 core:RetainedEarningsAccumulatedLosses 2023-11-30 13730092 core:ShareCapital 2023-11-30 13730092 core:CurrentFinancialInstruments 2023-11-30 13730092 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13730092

Absolute Assets UK Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 November 2024

 

Absolute Assets UK Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Absolute Assets UK Limited

Company Information

Directors

David Gareth Watkins

Kate Watkins

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Absolute Assets UK Limited

(Registration number: 13730092)
Abridged Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

100

-

Current assets

 

Debtors

13,600

13,600

Creditors: Amounts falling due within one year

(670)

(570)

Net current assets

 

12,930

13,030

Net assets

 

13,030

13,030

Capital and reserves

 

Called up share capital

100

100

Retained earnings

12,930

12,930

Shareholders' funds

 

13,030

13,030

For the financial year ending 30 November 2024 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 15 August 2025 and signed on its behalf by:
 

.........................................
David Gareth Watkins
Director

   
     
 

Absolute Assets UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 2).

3

Share capital

Allotted, called up and fully paid shares

 

Absolute Assets UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100