Company registration number 10792701 (England and Wales)
Absolute Management Services Limited
Unaudited Financial Statements
For the year ended 31 May 2026
PAGES FOR FILING WITH REGISTRAR
Absolute Management Services Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Absolute Management Services Limited
Balance Sheet
As at 31 May 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,140
37,764
Current assets
Debtors
4
1,982,125
1,945,287
Cash at bank and in hand
51,050
104,925
2,033,175
2,050,212
Creditors: amounts falling due within one year
5
(648,130)
(399,644)
Net current assets
1,385,045
1,650,568
Total assets less current liabilities
1,409,185
1,688,332
Creditors: amounts falling due after more than one year
6
-
0
(1,588)
Net assets
1,409,185
1,686,744
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
1,408,985
1,686,544
Total equity
1,409,185
1,686,744

For the financial year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 August 2026
Mr P McNamara
Director
Company registration number 10792701 (England and Wales)
Absolute Management Services Limited
Notes to the Financial Statements
For the year ended 31 May 2026
- 2 -
1
Accounting policies
Company information

Absolute Management Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Base Camp, 1 Rhodes Way, Watford, Hertfordshire, WD24 4YW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of rental income receivable and services provided, stated net of discounts and VAT.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% straight line
Equipment
33% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Absolute Management Services Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2026
1
Accounting policies
(Continued)
- 3 -
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
3
3
Absolute Management Services Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2026
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2025
4,700
4,427
58,480
67,607
Additions
-
0
1,832
-
0
1,832
At 31 May 2026
4,700
6,259
58,480
69,439
Depreciation and impairment
At 1 June 2025
1,143
4,333
24,367
29,843
Depreciation charged in the year
470
366
14,620
15,456
At 31 May 2026
1,613
4,699
38,987
45,299
Carrying amount
At 31 May 2026
3,087
1,560
19,493
24,140
At 31 May 2025
3,557
94
34,113
37,764
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
1,982,125
1,945,287
5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
1,776
10,648
Trade creditors
191,791
118,800
Taxation and social security
260
83,113
Other creditors
454,303
187,083
648,130
399,644
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
1,588
Absolute Management Services Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2026
- 5 -
7
Related party transactions
Transactions with related parties

At the year end date the company was owed £1,213,257 (2025 - £1,153,149) by The Boarding Company Limited, a company under common control.

At the year end date the company was owed £694,167 (2025 - £779,167) by AMSL Pension Scheme, an entity under common control.

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