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REGISTERED NUMBER: 06868913 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ABCUM LIMITED

ABCUM LIMITED (REGISTERED NUMBER: 06868913)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABCUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: T M J Morgan Hitchcock
J S C Morgan Hitchcock
Mr M J Hitchcock
Mrs I E R Morgan





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 06868913 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

ABCUM LIMITED (REGISTERED NUMBER: 06868913)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 144 1,176
Investments 5 1 1
145 1,177

CURRENT ASSETS
Debtors 6 47,223 32,401
Cash at bank 1,966 3,506
49,189 35,907
CREDITORS
Amounts falling due within one year 7 (750,912 ) (736,637 )
NET CURRENT LIABILITIES (701,723 ) (700,730 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(701,578

)

(699,553

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (701,580 ) (699,555 )
SHAREHOLDERS' FUNDS (701,578 ) (699,553 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

ABCUM LIMITED (REGISTERED NUMBER: 06868913)

BALANCE SHEET - continued
30 APRIL 2024


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 24 April 2025 and were signed on its behalf by:





Mr M J Hitchcock - Director


ABCUM LIMITED (REGISTERED NUMBER: 06868913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Abcum 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
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

ABCUM LIMITED (REGISTERED NUMBER: 06868913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Going concern
Based on the continued support of the directors they consider that it is appropriate to prepare the financial statement on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 4,370 22,057 26,427
DEPRECIATION
At 1 May 2023 4,177 21,074 25,251
Charge for year 49 983 1,032
At 30 April 2024 4,226 22,057 26,283
NET BOOK VALUE
At 30 April 2024 144 - 144
At 30 April 2023 193 983 1,176

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,573 8,273
Amounts owed by group undertakings 19,430 19,403
Other debtors 1,220 4,725
47,223 32,401

ABCUM LIMITED (REGISTERED NUMBER: 06868913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,107 1,115
Taxation and social security 4,637 2,221
Other creditors 745,168 733,301
750,912 736,637

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owes an amount of £733,037 ( 2023 : £727,915) to the directors of the company.

Included in debtors is an amount owed to the company's wholly owned subsidiary Online-Platforms Limited, of £19,430 (2023 : £19,403).

9. CONTROL

The directors, Mr T Morgan Hitchcock and Mr J Morgan Hitchcock, control the company by virtue of their direct shareholding in this company.