Company Registration No. 05275501 (England and Wales)
AVABSOLUTE.COM LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2019
AVABSOLUTE.COM LIMITED
CONTENTS
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3
AVABSOLUTE.COM LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 1 NOVEMBER 2019
- 1 -
The director presents his annual report and financial statements for the Year ended 1 November 2019.
Principal activities
The company did not trade in the year, therefore no profit or loss account has been prepared.
Director
The director who held office during the Year and up to the date of signature of the financial statements was as follows:
L H Phillips
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
L H Phillips
Director
13 October 2020
AVABSOLUTE.COM LIMITED
BALANCE SHEET
AS AT
1 NOVEMBER 2019
01 November 2019
- 2 -
2019
2018
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
2
(65,228)
(65,228)
Net current liabilities
(65,228)
(65,228)
Capital and reserves
Called up share capital
3
1
1
Profit and loss reserves
(65,229)
(65,229)
Total equity
(65,228)
(65,228)
For the financial Year ended 1 November 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 13 October 2020
L H Phillips
Director
Company Registration No. 05275501
AVABSOLUTE.COM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2019
- 3 -
1
Accounting policies
Company information
AVAbsolute.com Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
3rd Floor 15 Worship Street, London, EC2A 2DT, England.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the Year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
2
Creditors: amounts falling due within one year
2019
2018
£
£
Other creditors
65,228
65,228
3
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary shares of £1 each
1
1
1
1