ABERCROSS HOLDINGS LIMITED

Company Registration Number:
10456890 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

ABERCROSS HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ABERCROSS HOLDINGS LIMITED

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal activities of the company

The principal activity of the Company during the year ended 30 November 2024 was the provision of investment advice to international clients and managers of Jersey-based funds as well as the supply of directorship services to companies based in the United Kingdom. The funds provide growth equity and buyout capital to profitable, UK-based businesses, enabling the investing international family offices and institutions to gain exposure to private UK investment opportunities. Abercross Holdings Limited was authorised to conduct investment business by the Financial Conduct Authority (the “FCA”) on 13 February 2018.



Directors

The directors shown below have held office during the whole of the period from
1 December 2023 to 30 November 2024

Issam Hamid
Sanjana Sarin


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 March 2025

And signed on behalf of the board by:
Name: Issam Hamid
Status: Director

ABERCROSS HOLDINGS LIMITED

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 463,631 415,345
Cost of sales: ( 535,267 ) ( 452,927 )
Gross profit(or loss): (71,636) (37,582)
Other operating income: 29,476 29,873
Operating profit(or loss): (42,160) (7,709)
Interest receivable and similar income: 4,173
Profit(or loss) before tax: (37,987) (7,709)
Tax: ( 3,794 )
Profit(or loss) for the financial year: (37,987) (11,503)

ABERCROSS HOLDINGS LIMITED

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 930
Total fixed assets: 0 930
Current assets
Debtors: 4 41,647 77,231
Cash at bank and in hand: 268,205 308,013
Total current assets: 309,852 385,244
Creditors: amounts falling due within one year: 5 ( 88,362 ) ( 126,521 )
Net current assets (liabilities): 221,490 258,723
Total assets less current liabilities: 221,490 259,653
Provision for liabilities: ( 176 )
Total net assets (liabilities): 221,490 259,477
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 221,489 259,476
Total Shareholders' funds: 221,490 259,477

The notes form part of these financial statements

ABERCROSS HOLDINGS LIMITED

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 March 2025
and signed on behalf of the board by:

Name: Issam Hamid
Status: Director

The notes form part of these financial statements

ABERCROSS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    2.4 Revenue Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably it is probable that the Company will receive the consideration due under the contract the stage of completion of the contract at the end of the reporting period can be measured reliably and the costs incurred and the costs to complete the contract can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis Computer hardware 3 years straight line The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

    Valuation information and policy

    2.8 Tangible fixed assets stated at historical cost less accumulated depreciation and any accumulated impairment losses. 2.3 Foreign currency translation At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measure

    Other accounting policies

    Please refer to Section 2of the financial statement (S.2.1-2.9) contains all the accounting policies.

ABERCROSS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

ABERCROSS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 930 930
Additions
Disposals ( 930 ) ( 930 )
Revaluations
Transfers
At 30 November 2024 0 0
Depreciation
At 1 December 2023
Charge for year
On disposals
Other adjustments
At 30 November 2024
Net book value
At 30 November 2024 0 0
At 30 November 2023 930 930

ABERCROSS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Debtors

2024 2023
£ £
Trade debtors 41,647 77,231
Total 41,647 77,231

ABERCROSS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 88,362 126,521
Total 88,362 126,521

ABERCROSS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Financial Commitments

16. Commitments under operating leases At 30 November 2024 the Company had future minimum lease payments due under non-cancellable operating leases: 2024 2023 £ £ Not later than 1 year 18,000 25,200 18,000 25,200

ABERCROSS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

7. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
The Director’s loan account relates to expenses paid on behalf of the Director.
£
Balance at 30 November 2023 1,314
Advances or credits made:
Advances or credits repaid:
Balance at 30 November 2024 1,314

Name of director receiving advance or credit: Issam Hamid
Description of the transaction:
The Director’s loan account relates to expenses paid on behalf of the Director.
£
Balance at 30 November 2023
Advances or credits made: 1,314
Advances or credits repaid:
Balance at 30 November 2024 1,314

17. Related party transactions Issam Hamid, a Director, received a bonus of £100,000 (2023: £100,000) during the year ended 30 November 2024. Also as at 30 November 2024 £1,314 (2023: £40) is due to the Company from Issam Hamid relating to expenditure paid his behalf by the Company.