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Registered number: 07297226
Abeona Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Maurice J Bushell & Co Ltd.
Accountants
Epsilon House
Ipswich
Suffolk
IP3 9FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07297226
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 637,474 649,148
637,474 649,148
CURRENT ASSETS
Debtors 6 83,245 147,464
Cash at bank and in hand 830,493 564,471
913,738 711,935
Creditors: Amounts Falling Due Within One Year 7 (115,387 ) (70,544 )
NET CURRENT ASSETS (LIABILITIES) 798,351 641,391
TOTAL ASSETS LESS CURRENT LIABILITIES 1,435,825 1,290,539
Creditors: Amounts Falling Due After More Than One Year 8 (245,076 ) (308,200 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (158,459 ) (155,840 )
NET ASSETS 1,032,290 826,499
CAPITAL AND RESERVES
Called up share capital 9 2,666 2,666
Share premium account 515,000 515,000
Profit and Loss Account 514,624 308,833
SHAREHOLDERS' FUNDS 1,032,290 826,499
Page 1
Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit 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 director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Khayyam Ezzat
Director
28 June 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Abeona Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07297226 . The registered office is c/o MJB Avanti, Office 12, Epsilon House, West Road, Ipswich, Suffolk, IP3 9FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2%
Leasehold 20%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 51 (2024: 46)
51 46
4. Intangible Assets
Other
£
Cost
As at 1 July 2024 92,909
As at 30 June 2025 92,909
Amortisation
As at 1 July 2024 92,909
As at 30 June 2025 92,909
Net Book Value
As at 30 June 2025 -
As at 1 July 2024 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2024 858,348 107,541 24,220 990,109
Additions - - 4,199 4,199
As at 30 June 2025 858,348 107,541 28,419 994,308
Depreciation
As at 1 July 2024 248,676 77,075 15,210 340,961
Provided during the period 715 10,081 5,077 15,873
As at 30 June 2025 249,391 87,156 20,287 356,834
Net Book Value
As at 30 June 2025 608,957 20,385 8,132 637,474
As at 1 July 2024 609,672 30,466 9,010 649,148
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 78,130 84,647
Other debtors 7,437 4,387
Unallocated Parent Credits (2,322 ) -
Back valued debtor adjustment - 58,430
83,245 147,464
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,116 2,841
Bank loans and overdrafts 8,140 14,180
Corporation tax 75,693 32,246
Social security and other taxes 12,085 13,963
Other creditors 1,175 1,175
Accrued expenses 5,400 3,480
Pension Creditor 5,778 2,659
115,387 70,544
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 252,244 256,938
Parent Deposits (7,168 ) 51,262
245,076 308,200
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2,666 2,666
10.
Registered charges
  • Barclays Security Trustee Ltd holds a fixed charge over 30 Warkton Lane, Barton Seagrave, Kettering NN15 5AA.
  • Barclays Security Trustee Ltd holds a floating charge over all the property or undertaking of the company. 
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