REGISTERED NUMBER: SC351815 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2017

FOR

ABSOLUTE ASSET MANAGEMENT

LIMITED

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr M Heaney

SECRETARY:

Mr M Heaney

REGISTERED OFFICE:

17 Emerson Road

Bishopbriggs

Glasgow

Lanarkshire

G64 1QE

REGISTERED NUMBER:

SC351815 (Scotland)

ACCOUNTANTS:

Atkinson & Co Limited

Chartered Accountants

Victoria House

87 High Street

Tillicoultry

Clackmannanshire

FK13 6AA

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Director's Report are not required to be filed with the Registrar of

Companies.

In accordance with our terms of engagement, and in order to assist you to fulfil your duties under the

Companies Act 2006, we have prepared the financial statements of the company on pages 4 to 8 from the

accounting records and information and explanations supplied to us.

This report is made to the Company's Director, in accordance with the terms of our engagement. Our work

has been undertaken to enable us to prepare the financial statements on behalf of the Company's Director and

for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than the Company and the Company's Director, for our work or for this report.

We have carried out this engagement in accordance with best practice guidance issued by the Institute of

Chartered Accountants of Scotland and have complied with the ethical guidance laid down by the Institute

relating to members undertaking the preparation of financial statements.

You have acknowledged on the balance sheet as at 30 November 2017 your duty to ensure that the company

has kept adequate accounting records and to prepare financial statements that give a true and fair view under

the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an

audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not

verified the accuracy or completeness of the accounting records or information and explanations you have

given to us and we do not, therefore, express any opinion on the financial statements.

Atkinson & Co Limited

Chartered Accountants

Victoria House

87 High Street

Tillicoultry

Clackmannanshire

FK13 6AA

8th March 2018

CURRENT ASSETS

Cash at bank

101,749

89,112

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4

(60,052

)

(48,982

)

NET CURRENT ASSETS

41,697

40,130

TOTAL ASSETS LESS CURRENT LIABILITIES

41,697

40,130

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5

(28,631

)

(36,540

)

NET ASSETS

13,066

3,590

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

13,065

3,589

SHAREHOLDERS' FUNDS

13,066

3,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8th March 2018 and were signed by:

Mr M Heaney - Director

1.	STATUTORY INFORMATION

Absolute Asset Management Limited is a private company, limited by shares , registered in Scotland.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

The turnover shown in the profit and loss account is recognised as services are provided. Cash

received or invoices raised in advance are taken to deferred income and recognised as turnover as the

service is provided.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

16

398

Tax

11,049

10,265

Directors' loan accounts

24,984

10,479

Accrued expenses

24,003

27,840

60,052

48,982

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Accruals and deferred income

28,631

36,540

6.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan of £24983 (2016 £10,479) to the company from the director, the

loan is unsecured and interest free.