Absolute Return Capital Management Ltd - Period Ending 2022-09-30
Absolute Return Capital Management Ltd - Period Ending 2022-09-30
Registration number:
Absolute Return Capital Management Ltd
for the Year Ended 30 September 2022
Absolute Return Capital Management Ltd
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Absolute Return Capital Management Ltd
Company Information
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Director |
M Brittain |
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Registered office |
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Accountants |
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Absolute Return Capital Management Ltd
(Registration number: 06624422)
Balance Sheet as at 30 September 2022
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Note |
2022 |
2021 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
10,000 |
10,000 |
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Retained earnings |
(14,162) |
(14,162) |
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Shareholders' deficit |
(4,162) |
(4,162) |
For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Absolute Return Capital Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
The principal place of business is:
Building 2
Ground Floor
Guildford Business Park
Guildford
GU2 8XG
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Tax
The tax expense for the period comprises Corporation Tax, based on the Company's taxable profit and chargeable gains. Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Absolute Return Capital Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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At 1 October 2021 |
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At 30 September 2022 |
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Amortisation |
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At 1 October 2021 |
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At 30 September 2022 |
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Carrying amount |
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At 30 September 2022 |
- |
- |
Absolute Return Capital Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
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debtors |
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Current |
2022 |
2021 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2022 |
2021 |
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Due within one year |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2022 |
2021 |
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No. |
£ |
No. |
£ |
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10,000 |
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10,000 |
Absolute Return Capital Management Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2022
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Related party transactions |
Loans from related parties
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2022 |
Key management |
Total |
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At start of period |
( |
( |
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At end of period |
( |
( |
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2021 |
Key management |
Total |
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At start of period |
( |
( |
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At end of period |
( |
( |
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