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REGISTERED NUMBER: 04855143 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Abbasian & Co Ltd

Abbasian & Co Ltd (Registered number: 04855143)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Abbasian & Co Ltd (Registered number: 04855143)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,609 1,853

CURRENT ASSETS
Investments 5 562,000 260,000
Cash at bank 71,950 272,853
633,950 532,853
CREDITORS
Amounts falling due within one year 6 45,575 44,367
NET CURRENT ASSETS 588,375 488,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,984

490,339

PROVISIONS FOR LIABILITIES 306 352
NET ASSETS 589,678 489,987

CAPITAL AND RESERVES
Called up share capital 7 115 115
Retained earnings 589,563 489,872
SHAREHOLDERS' FUNDS 589,678 489,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd April 2025 and were signed by:





Dr C Abbasian - Director


Abbasian & Co Ltd (Registered number: 04855143)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. COMPANY INFORMATION

Abbasian & Co Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04855143

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Abbasian & Co Ltd (Registered number: 04855143)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st September 2023 9,108
Additions 499
Disposals (5,858 )
At 31st August 2024 3,749
DEPRECIATION
At 1st September 2023 7,255
Charge for year 743
Eliminated on disposal (5,858 )
At 31st August 2024 2,140
NET BOOK VALUE
At 31st August 2024 1,609
At 31st August 2023 1,853

5. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Other 562,000 260,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Corporation tax payable 41,909 39,223
Other creditors 107 115
Directors' current accounts 1,215 3,139
Accrued expenses 2,344 1,890
45,575 44,367

Abbasian & Co Ltd (Registered number: 04855143)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary A 1 100 100
15 Ordinary B 1 15 15
115 115

Ordinary A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

Ordinary B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B shares rank pari passu in terms of dividends and capital distribution rights.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

31.8.24 31.8.23
£    £   
Dr C Abbasian
Balance outstanding at start of year (3,139 ) (3,247 )
Amounts advanced 68,497 37,420
Amounts repaid (66,573 ) (37,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,215 ) (3,139 )

The loan is repayable on demand and no interest was charged during the year.

9. CONTROL

The ultimate controlling party is Dr C Abbasian by virtue of his 100% holding of the voting share capital.