ABEX CAPITAL UK LIMITED


Directors	Erkan Kaya
	Peter Sugarman


Registered Address	Mutual House
	70 Conduit Street
	London
	W1S 2GF


Registered Number	12328188 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		-		405
			-		405
Current assets
Debtors		590		83,483
Cash at bank and on hand		12,887		53,355
		13,477		136,838
Creditors amounts falling due within one year	4	(72,441)		(824,326)
Net current assets (liabilities)			(58,964)		(687,488)
Total assets less current liabilities			(58,964)		(687,083)
Creditors amounts falling due after one year	5		-		(390,985)
Net assets			(58,964)		(1,078,068)
Capital and reserves
Called up share capital			103,401		103,401
Profit and loss account			(162,365)		(1,181,469)
Shareholders' funds			(58,964)		(1,078,068)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2025, and are signed on its behalf by:

Erkan Kaya
Director
Registered Company No. 12328188

ABEX CAPITAL UK LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue is recognised on an accrual basis when the company has substantially completed the service.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the company has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the balance sheet because they are expected to be settled wholly within twelve months after the end of the year.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the company has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the balance sheet because they are expected to be settled wholly within twelve months after the end of the year.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Equipment is used in the company's principal activity or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Equipment is used in the company's principal activity or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	2

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		3

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	665	665
Disposals	(665)	(665)
Depreciation and impairment
At 01 January 24	260	260
On disposals	(260)	(260)
Net book value
At 31 December 24	-	-
At 31 December 23	405	405

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	1,929	154,203
Bank borrowings and overdrafts	-	561,645
Amounts owed to related parties	70,512	-
Accrued liabilities and deferred income	-	108,478
Total	72,441	824,326

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Amounts owed to related parties	-	390,985
Total	-	390,985