Absolute Property Management Solutions L - Abbreviated accounts 16.1

REGISTERED NUMBER: 08062130 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Absolute Property Management

Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

Mr A C Probert

Mr J Poppleton

Dr R A Holmes

Secretary:

Mr J F Holmes

Registered office:

Avon House

19 Stanwell Road

Penarth

South Glamorgan

CF64 2EZ

Registered number:

08062130 (England and Wales)

Accountants:

BYB Accountancy Ltd

Incorporated Financial Accountants

The Old Bank

46-48 Cardiff Road

Llandaff

Cardiff

South Glamorgan

CF5 2DT

Current assets

Debtors

7,173

5,486

Cash at bank

50,580

37,969

57,753

43,455

Creditors

Amounts falling due within one year

14,136

11,669

Net current assets

43,617

31,786

Total assets less current liabilities

43,617

31,786

Creditors

Amounts falling due after more than one year

50,000

Net liabilities

(6,383

)

(18,214

)

Capital and reserves

Called up share capital

2

100

Profit and loss account

(6,483

)

(18,314

)

Shareholders' funds

(6,383

)

(18,214

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 June 2016 and were signed on its behalf by:

Mr J Poppleton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors are directors loans from Mrs R Holmes of £25,000 and Mr A Probert of £25,000 who are also

shareholders of the company. There are no set terms for repayment and no interest is being charged.

4.	REVIEW OF BUSINESS

Income increased the previous trading year, generating a modest increase in profit over 2014 a reinforcement of the

Company's ongoing stability and development plan.

The Directors are pleased with this result given market conditions in the property sector, both commercial and

residential as well as the challenge facing a younger entrant.

The Company will continue to pursue opportunities and leveraging from its ability to provide a dedicated flexible

service and react to client needs in an efficient and timely manner.

The Board has embarked on a number of key initiatives driven by market forces and competitor performance within

the Company's geographical region of operations and taking advantage of its growing reputation, demonstrable client

satisfaction and the support of a loyal team of local quality tradesmen.