REGISTERED NUMBER: 06640131 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2017 to 31 August 2017

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

SECRETARY:

REGISTERED OFFICE:

9, Worton Park

Cassington

Oxford

OX29 4DN

BUSINESS ADDRESS:

Grove House

Lutyens Close

Chineham Court

Basingstoke

Hampshire

RG24 8AG

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

4

7,450,000

7,500,000

Investments

5

301,500

301,500

7,751,500

7,801,500

CURRENT ASSETS

Debtors

6

344,484

463,222

Cash at bank

315,077

189,315

659,561

652,537

CREDITORS

Amounts falling due within one year

7

426,213

409,979

NET CURRENT ASSETS

233,348

242,558

TOTAL ASSETS LESS CURRENT LIABILITIES

7,984,848

8,044,058

CREDITORS

Amounts falling due after more than one year

8

(3,398,283

)

(3,549,650

)

PROVISIONS FOR LIABILITIES

(279,412

)

(279,412

)

NET ASSETS

4,307,153

4,214,996

CAPITAL AND RESERVES

Called up share capital

1,013

1,013

Share premium

1,011,987

1,011,987

Fair value reserve

10

1,959,324

1,959,324

Retained earnings

1,334,829

1,242,672

4,307,153

4,214,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2017 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 18 May 2018 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.

Turnover

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

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

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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the

Income Statement, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements.

Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the period end and that are expected to apply to the reversal of

the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent

that it is probable that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2017

and 31 August 2017

7,500,000

DEPRECIATION

Charge for period

50,000

At 31 August 2017

50,000

NET BOOK VALUE

At 31 August 2017

7,450,000

At 31 December 2016

7,500,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2017

and 31 August 2017

301,500

NET BOOK VALUE

At 31 August 2017

301,500

At 31 December 2016

301,500

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

315,256

463,199

Other debtors

1,147

23

316,403

463,222

Amounts falling due after more than one year:

Other debtors

28,081

-

Aggregate amounts

344,484

463,222

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

277,941

278,139

Trade creditors

2,682

13,657

Taxation and social security

134,120

83,774

Other creditors

11,470

34,409

426,213

409,979

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

3,010,227

3,161,495

Other creditors

388,056

388,155

3,398,283

3,549,650

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

3,288,168

3,439,436

The bank hold a fixed charge over Grove house, jameson house and manor house,

lutyens close, lychpit, basingstoke RG24 8AG (land registry title no: HP745951).

The bank also holds and fixed and floating charge over all the assets of the company.

10.

RESERVES

Fair

value

reserve

£

At 1 January 2017

and 31 August 2017

1,959,324