REGISTERED NUMBER: 14806671 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2024 TO 31 DECEMBER 2024

FOR

ABION IP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Knudsen

R P O Berhof

REGISTERED OFFICE:

33 Gutter Lane

London

EC2V 8AS

REGISTERED NUMBER:

14806671 (England and Wales)

SENIOR STATUTORY AUDITOR:

Glenn Armon-Jones ACA FCCA

AUDITORS:

Barrow LLP

Statutory Auditor

Rae House

Dane Street

Bishops Stortford

Herts

CM23 3BT

CURRENT ASSETS

Debtors

5

7,037

286,303

Cash at bank

37,884

3,230

44,921

289,533

CREDITORS

Amounts falling due within one year

6

(124,000

)

(347,034

)

NET CURRENT LIABILITIES

(79,079

)

(57,501

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(79,079

)

(57,501

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(79,179

)

(57,601

)

SHAREHOLDERS' FUNDS

(79,079

)

(57,501

)

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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

R P O Berhof - Director

1.	STATUTORY INFORMATION

Abion IP Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account 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.

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 period 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.

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.

Going concern

The financial statements have been prepared on the break up basis which the Board considers to be appropriate since the company ceased trading since end of the 2024 calendar year.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

5.

DEBTORS

31.12.24

30.4.24

£

£

Amounts falling due within one year:

Trade debtors

-

265,689

Other debtors

437

14,014

437

279,703

Amounts falling due after more than one year:

Other debtors

6,600

6,600

Aggregate amounts

7,037

286,303

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.4.24

£

£

Trade creditors

-

327,346

Amounts owed to group undertakings

109,000

-

Taxation and social security

-

12,188

Other creditors

15,000

7,500

124,000

347,034

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

30.4.24

value:

£

£

100

Ordinary

£1

100

100

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

The Report of the Auditors was unqualified.

Glenn Armon-Jones ACA FCCA (Senior Statutory Auditor)

for and on behalf of Barrow LLP

9.	RELATED PARTY DISCLOSURES

Key management personnel compensation

Directors and key staff

The aggregate remuneration of the director and other key management personnel for the period ended 31 December 2024 was £30,834 (30 April 2024: £200,417).

10.	ULTIMATE CONTROLLING PARTY

The Company's ultimate parent Company is Top Armbel Holding AB.

The parent undertaking is Abion AB Limited, a Company incorporated in Sweden.

Top Armbel Holding AB is the parent undertaking of the largest and smallest group of undertakings to consolidate these financial statements at 31 December 2024. The consolidated financial statements of Top Armbel Holding AB are available from:

Top Armbel Holding AB

c/o Bridgepoint

Mäster Samuelsgatan 1

111 44 Stockholm

Sweden