REGISTERED NUMBER: 06640131 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

ABSOLUTELY HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs B A Huntingdon

I Lewis

J M Laughton

REGISTERED OFFICE:

9, Worton Park

Cassington

Oxford

OX29 4DN

REGISTERED NUMBER:

06640131 (England and Wales)

ACCOUNTANTS:

Camerons Accountancy Consultants Limited

Chartered Accountants

9 Worton Park

Cassington

Witney

Oxfordshire

OX29 4SX

FIXED ASSETS

Tangible assets

3

7,500,000

5,054,273

Investments

4

301,500

301,500

7,801,500

5,355,773

CURRENT ASSETS

Debtors

5

509,456

263,856

Cash at bank

189,315

1,835

698,771

265,691

CREDITORS

Amounts falling due within one year

6

456,213

462,092

NET CURRENT ASSETS/(LIABILITIES)

242,558

(196,401

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,044,058

5,159,372

CREDITORS

Amounts falling due after more than one year

7

(3,549,650

)

(3,365,461

)

PROVISIONS FOR LIABILITIES

(279,412

)

-

NET ASSETS

4,214,996

1,793,911

CAPITAL AND RESERVES

Called up share capital

1,013

1,013

Share premium

8

1,011,987

1,011,987

Fair value reserve

8

1,959,324

-

Retained earnings

8

1,242,672

780,911

SHAREHOLDERS' FUNDS

4,214,996

1,793,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 28 July 2017 and were signed on its behalf by:

Mrs B A Huntingdon - Director

1.	STATUTORY INFORMATION

Absolutely Holdings Ltd is a private company, limited by shares , registered in England

and Wales. 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 as modified by the revaluation of certain assets.

Turnover

Turnover shown in the profit and loss account represents rents and service charges

receivable during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

1% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 January 2016

5,261,264

Revaluations

2,238,736

At 31 December 2016

7,500,000

DEPRECIATION

At 1 January 2016

206,991

Revaluation adjustments

(206,991

)

At 31 December 2016

-

NET BOOK VALUE

At 31 December 2016

7,500,000

At 31 December 2015

5,054,273

Cost or valuation at 31 December 2016 is represented by:

Land and

buildings

£

Valuation in 2016

2,238,736

Cost

5,261,264

7,500,000

If land and property had not been revalued it would have been included at the following

historical cost:

2016

2015

£

£

Cost

5,261,264

-

Value of land in freehold land and buildings

7,500,000

-

Freehold land and buildings were valued on an open market basis on 1 January 2017 by

the directors .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

and 31 December 2016

301,500

NET BOOK VALUE

At 31 December 2016

301,500

At 31 December 2015

301,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

509,433

263,833

Other debtors

23

23

509,456

263,856

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

278,139

288,762

Trade creditors

13,657

6,412

Amounts owed to group undertakings

46,234

34,819

Taxation and social security

83,774

97,690

Other creditors

34,409

34,409

456,213

462,092

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

3,161,495

2,289,204

Other creditors

388,155

1,076,257

3,549,650

3,365,461

8.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2016

780,911

1,011,987

-

1,792,898

Profit for the year

2,421,085

2,421,085

Reserve transfer

(1,959,324

)

-

1,959,324

-

At 31 December 2016

1,242,672

1,011,987

1,959,324

4,213,983

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of the four shareholders; no one individual has overall

control.