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REGISTERED NUMBER: 11109117 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ABERCORN INTERNATIONAL LIMITED

ABERCORN INTERNATIONAL LIMITED (REGISTERED NUMBER: 11109117)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABERCORN INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D I Danon
E Oblowitz





REGISTERED OFFICE: Nagler Simmons
5 Beaumont Gate
Shenley Hill
Radlett
Hertfordshire
WD7 7AR





REGISTERED NUMBER: 11109117 (England and Wales)





AUDITORS: Nagler Simmons
Chartered Accountants and Statutory Auditors
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR

ABERCORN INTERNATIONAL LIMITED (REGISTERED NUMBER: 11109117)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes $    $    $    $   
FIXED ASSETS
Tangible assets 4 - 3,587

CURRENT ASSETS
Debtors 5 59,254 58,198
Cash at bank 203,775 917,736
263,029 975,934
CREDITORS
Amounts falling due within one year 6 9,087 603,285
NET CURRENT ASSETS 253,942 372,649
TOTAL ASSETS LESS CURRENT LIABILITIES 253,942 376,236

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 253,842 376,136
SHAREHOLDER FUNDS 253,942 376,236

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 Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:





E Oblowitz - Director


ABERCORN INTERNATIONAL LIMITED (REGISTERED NUMBER: 11109117)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Abercorn International 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 US Dollar ($).


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.

These financial statements have been prepared on a break-up basis, as the directors have been unable to secure new contracts and have therefore decided to cease trading. The company is no longer considered a going concern. The fixed assets have been scrapped and are included in the accounts at their recoverable (break-up) value, which is nil. All assets and liabilities have been classified as current, and appropriate provisions have been made for any expected losses up to the date of cessation. Following the settlement of all outstanding matters, the company will be made dormant.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 1/3 on cost


ABERCORN INTERNATIONAL LIMITED (REGISTERED NUMBER: 11109117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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 repayable 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

ABERCORN INTERNATIONAL LIMITED (REGISTERED NUMBER: 11109117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
$   
COST
At 1 January 2024 9,863
Disposals (9,863 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 6,276
Eliminated on disposal (6,276 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 3,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
$    $   
Other debtors 59,254 58,198

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
$    $   
Bank loans and overdrafts 4,071 -
Amounts owed to group undertakings - 597,619
Other creditors 5,016 5,666
9,087 603,285

ABERCORN INTERNATIONAL LIMITED (REGISTERED NUMBER: 11109117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


We draw attention to Note 2 to the financial statements, which explains that the financial statements have not been prepared on a going concern basis as the directors intend to make the company dormant. Our opinion is not modified in respect of this matter.

Robert Harris (Senior Statutory Auditor)
for and on behalf of Nagler Simmons

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24 31.12.23
$    $   
D I Danon
Balance outstanding at start of year 11,273 16,387
Amounts advanced - 30,955
Amounts repaid (11,273 ) (36,069 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,273

9. ULTIMATE CONTROLLING PARTY

Metropolitan Holdings Limited (incorporated in British Virgin Islands) is regarded by the directors as being the company's ultimate parent company.

Financial statements available for public use are not prepared by this company.

There is no ultimate controlling party.