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REGISTERED NUMBER: 09728333 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Abeona Management Limited

Abeona Management Limited (Registered number: 09728333)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Abeona Management Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: C L Westwood
R M Westwood





REGISTERED OFFICE: 3 Park Square East
Leeds
LS1 2NE





REGISTERED NUMBER: 09728333 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Abeona Management Limited (Registered number: 09728333)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 779 6,034
Tangible assets 5 - -
779 6,034

CURRENT ASSETS
Debtors 6 190 109
Cash at bank 5,938 7,490
6,128 7,599
CREDITORS
Amounts falling due within one year 7 3,834 4,026
NET CURRENT ASSETS 2,294 3,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,073

9,607

CREDITORS
Amounts falling due after more than one
year

8

495,659

495,659
NET LIABILITIES (492,586 ) (486,052 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Capital contribution reserve 10 100,000 100,000
Retained earnings 10 (592,686 ) (586,152 )
SHAREHOLDERS' FUNDS (492,586 ) (486,052 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Abeona Management Limited (Registered number: 09728333)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





C L Westwood - Director


Abeona Management Limited (Registered number: 09728333)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Abeona Management Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The directors are committed to supplying the company with sufficient funding to meet the day to day demands upon the company in order that sufficient funds are available to allow the company to continue to trade as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

Abeona Management Limited (Registered number: 09728333)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 September 2022
and 31 August 2023 26,860
AMORTISATION
At 1 September 2022 20,826
Amortisation for year 5,255
At 31 August 2023 26,081
NET BOOK VALUE
At 31 August 2023 779
At 31 August 2022 6,034

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2022
and 31 August 2023 2,497
DEPRECIATION
At 1 September 2022
and 31 August 2023 2,497
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
VAT 190 109

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 754 385
Sundry creditors and accruals 3,080 3,641
3,834 4,026

Abeona Management Limited (Registered number: 09728333)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Amounts due to related parties 84,705 84,705
Directors' loan accounts 410,954 410,954
495,659 495,659

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1,000 Ordinary shares 0.10 100 100

10. RESERVES
Capital
Retained contribution
earnings reserve Totals
£    £    £   

At 1 September 2022 (586,152 ) 100,000 (486,152 )
Deficit for the year (6,534 ) (6,534 )
At 31 August 2023 (592,686 ) 100,000 (492,686 )

11. RELATED PARTY DISCLOSURES

The company has directors in common with WCS Bespoke, a company registered in Spain.

At the year end, the company owed WCS Bespoke £84,705 (2021: £84,705). WCS Bespoke has agreed this amount will not be pursued until the company and WCS Bespoke have agreed there are sufficient funds available to make the repayment.

12. ULTIMATE CONTROLLING PARTY

The controlling party is C L Westwood.