Absolute Investments Limited
Unaudited Abbreviated Accounts
For the year ended 30 November 2016
Company Registration No. 06366290 (England and Wales)
Absolute Investments Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Absolute Investments Limited
Abbreviated Balance Sheet
As at 30 November 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
464,388
464,388
Current assets
Debtors
185,109
190,141
Creditors: amounts falling due within one year
(476,779)
(481,811)
Net current liabilities
(291,670)
(291,670)
Total assets less current liabilities
172,718
172,718
Capital and reserves
Called up share capital
3
34,125
34,125
Other reserves
15,875
15,875
Profit and loss account
122,718
122,718
Shareholders' funds
172,718
172,718
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 August 2017
D. Smith
Director
Company Registration No. 06366290
Absolute Investments Limited
Notes to the Abbreviated Accounts
For the year ended 30 November 2016
Page 2
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 248 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Investments
£
Cost
At 1 December 2015 & at 30 November 2016
464,388
At 30 November 2015
464,388
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Absolute Post Limited
England and Wales
Ordinary
100.00
Blind Pig Limited
England and Wales
Ordinary
100.00
Absolute Colour Limited
England and Wales
Ordinary
75.00
Absolute Investments Limited
Notes to the Abbreviated Accounts (Continued)
For the year ended 30 November 2016
2
Fixed assets
(Continued)
Page 3
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Absolute Post Limited
Post production services
417,883
(210,583)
Blind Pig Limited
Design and animation
358,924
219,766
Absolute Colour Limited
Post production services
28,173
106,144
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
34,125 Ordinary shares of £1 each
34,125
34,125
4
Control
The ultimate controlling party is D Smith, the majority shareholder.