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Registration number: 06655191

Abercorn Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Abercorn Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Abercorn Limited

Company Information

Directors: | Shaun Sweeney Reeta Verma Robert Dancey

Registered office: | Savoy House Savoy Circus London W3 7DA

Registered number: | 06655191

Accountants: | Wem & Co Chartered Accountants Savoy House Savoy Circus London W3 7DA

Abercorn Limited

(Registration number: 06655191)
Balance Sheet as at 31 March 2025

| Note | 31.03.25 | 31.03.24
|  | £ | £ | £ | £
FIXED ASSETS |  |  |  |  |
Tangible assets | 4 |  | 973 |  | 909
CURRENT ASSETS |  |  |  |  |
Debtors | 5 | 25,145 |  | 21,428 |
Cash at bank and in hand |  | 23,030 |  | 24,870 |
|  | 48,175 |  | 46,298 |
CREDITORS |  |  |  |  |
Creditors within 1yr | 6 | 109,186 |  | 87,109 |
Net current liabilities |  |  | (61,011) |  | (40,811)
Net liabilities |  |  | (60,038) |  | (39,902)
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | (60,039) |  | (39,903)
Shareholders' deficit |  |  | (60,038) |  | (39,902)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2026

......................................... Shaun Sweeney Director

Abercorn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1. | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the Board on 19 March 2026.

2. | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis as the directors have agreed to support the company for a period of at least 12 months from the date of signing these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Abercorn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Asset class | Depreciation method and rate
Computer equipments | Straight line over 4 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 1).

Abercorn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4. | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 April 2024 | 1,819 | 1,819
Additions | 692 | 692
At 31 March 2025 | 2,511 | 2,511
Depreciation
At 1 April 2024 | 910 | 910
Charge for the year | 628 | 628
At 31 March 2025 | 1,538 | 1,538
Carrying amount
At 31 March 2025 | 973 | 973
At 31 March 2024 | 909 | 909

5. | Debtors

Current | 31.03.25 £ | 31.03.24 £
Trade debtors | 6,000 | 6,000
Other debtors | 19,145 | 15,428
| 25,145 | 21,428

Abercorn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6. | Creditors

Creditors: amounts falling due within one year

| 31.03.25 £ | 31.03.24 £
Due within one year |  |
Taxation and social security | 179 | -
Accruals and deferred income | 1,000 | 750
Other creditors | 108,007 | 86,359
| 109,186 | 87,109

Included in other creditors is a loan from the director. No interest or repayment terms have been set.

7. | Related party transactions

Transactions with directors

2025 | At 1 April 2024 £ | Loan from director £ | At 31 March 2025 £
Shaun Sweeney | 71,072 | 36,935 | 108,007

2024 | At 1 April 2023 £ | Loan from director £ | At 31 March 2024 £
Shaun Sweeney | 24,526 | 46,546 | 71,072