Abbreviated Company Accounts - ABSOLUTE PLEASURE LIMITED

06376111 ABSOLUTE PLEASURE LIMITED 2016-09-29 false 2015-09-30 2016-09-29 true 06376111 2015-09-30 2016-09-29 06376111 2016-09-29 06376111 2015-09-29 06376111 uk-gaap-cd-bus:Director1 2015-09-30 2016-09-29 06376111 uk-gaap-cd-bus:Director2 2015-09-30 2016-09-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 2016-09-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-29 iso4217:GBP shares

Registered Number 06376111

ABSOLUTE PLEASURE LIMITED

Abbreviated Accounts

29 September 2016

ABSOLUTE PLEASURE LIMITED Registered Number 06376111

Abbreviated Balance Sheet as at 29 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,708,749	2,009,589
		2,708,749	2,009,589
Current assets
Debtors		7,350	541
Cash at bank and in hand		4,618	-
		11,968	541
Creditors: amounts falling due within one year		(113,777)	(127,272)
Net current assets (liabilities)		(101,809)	(126,731)
Total assets less current liabilities		2,606,940	1,882,858
Creditors: amounts falling due after more than one year		(1,829,554)	(1,792,514)
Total net assets (liabilities)		777,386	90,344
Capital and reserves
Called up share capital	3	1	1
Revaluation reserve		1,179,442	479,703
Profit and loss account		(402,057)	(389,360)
Shareholders' funds		777,386	90,344

For the year ending 29 September 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 June 2017

And signed on their behalf by:
M.A.M. Quadrini, Director

ABSOLUTE PLEASURE LIMITED Registered Number 06376111

Notes to the Abbreviated Accounts for the period ended 29 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value of services provided during the year net of discounts and Value Added Tax. Turnover is recognised at the point of sale.

Tangible assets depreciation policy
Fixtures, fittings & equipment - 15% reducing balance
Equipment - 33.3% straight line

Valuation information and policy
All fixed assets are initially recorded at cost.

Other accounting policies
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 30 September 2015	2,021,822
Additions	895
Disposals	-
Revaluations	699,739
Transfers	-
At 29 September 2016	2,722,456
Depreciation
At 30 September 2015	12,233
Charge for the year	1,474
On disposals	-
At 29 September 2016	13,707
Net book values
At 29 September 2016	2,708,749
At 29 September 2015	2,009,589

The yacht "Absolute Pleasure" was revalued on 19th March 2017 by Advance Marine Surveys on an open market basis.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1