Absolut Property Letting Services Ltd

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Investments	2		1,900,000		1,900,000

			1,900,000		1,900,000
Creditors: Amounts Falling Due Within One Year		(1,634,615 )		(1,654,970 )

NET CURRENT ASSETS (LIABILITIES)			(1,634,615 )		(1,654,970 )

TOTAL ASSETS LESS CURRENT LIABILITIES			265,385		245,030

NET ASSETS			265,385		245,030

CAPITAL AND RESERVES
Called up share capital	3		1		1
Revaluation reserve			200,000		200,000
Profit and Loss Account			65,384		45,029

SHAREHOLDERS' FUNDS			265,385		245,030

Company No. 06884998

Abbreviated Balance Sheet (continued) 31 August 2016

For the year ending 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Tony Croft

30/05/2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2. Investments

	Unlisted
	£
Cost
As at 1 September 2015	2,235,000

As at 31 August 2016	2,235,000

Provision
As at 1 September 2015	335,000

As at 31 August 2016	335,000

Net Book Value
As at 31 August 2016	1,900,000

As at 1 September 2015	1,900,000

3. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1	1	1

4. Ultimate Controlling Party

The company's ultimate controlling party is Mr T Croft by virtue of his ownership of 100% of the issued share capital in the company.