REGISTERED NUMBER: 13093996 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

ABE International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms O Lomonovska

J L Kay

REGISTERED OFFICE:

123 Pall Mall St. James's

London

SW1Y 5EA

REGISTERED NUMBER:

13093996 (England and Wales)

ACCOUNTANTS:

Zenith Accounting Services (UK) LLP

3rd Floor

39 Ludgate Hill

London

EC4M 7JN

FIXED ASSETS

Intangible assets

4

18,631

22,018

Tangible assets

5

11,036

33,584

Investments

6

3,674,327

2,580,314

Investment property

7

874,058

1,150,696

4,578,052

3,786,612

CURRENT ASSETS

Debtors

8

448,403

1,650,929

Investments

9

2,815,359

2,938,146

Cash at bank and in hand

2,066,960

3,000,844

5,330,722

7,589,919

CREDITORS

Amounts falling due within one year

10

(76,616

)

(107,867

)

NET CURRENT ASSETS

5,254,106

7,482,052

TOTAL ASSETS LESS CURRENT LIABILITIES

9,832,158

11,268,664

CREDITORS

Amounts falling due after more than one year

11

(239,261

)

(338,266

)

PROVISIONS FOR LIABILITIES

12

(9,151,820

)

(10,487,162

)

NET ASSETS

441,077

443,236

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

441,076

443,235

441,077

443,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by:

Ms O Lomonovska - Director

1.	STATUTORY INFORMATION

ABE International Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared in Euro which is also the Company's functional currency. The rounding in the financial statements is to the nearest Euro.

Preparation of consolidated financial statements

The financial statements contain information about ABE International Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

Judgement is required in assessing the appropriateness of the going concern assumption. Further details to support the assessment that the going concern basis is appropriate is provided in notes.

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities within the next financial year are:

Valuation of fixed asset investment and investment properties.

Determining whether there are indicators of impairment of the company's tangible and intangible assets.

Determining and recognising bad debt provision for doubtful debts.

Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss

Other Investments

Other investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

€

COST

At 1 July 2024

and 30 June 2025

33,873

AMORTISATION

At 1 July 2024

11,855

Charge for year

3,387

At 30 June 2025

15,242

NET BOOK VALUE

At 30 June 2025

18,631

At 30 June 2024

22,018

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

€

COST

At 1 July 2024

100,749

Additions

1,232

At 30 June 2025

101,981

DEPRECIATION

At 1 July 2024

67,165

Charge for year

23,780

At 30 June 2025

90,945

NET BOOK VALUE

At 30 June 2025

11,036

At 30 June 2024

33,584

6.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

Other

undertakings

associate

investments

Totals

€

€

€

€

COST OR VALUATION

At 1 July 2024

384,001

6,800

2,189,513

2,580,314

Additions

-

-

466,283

466,283

Revaluations

-

-

504,943

504,943

Reclassification/transfer

-

-

122,787

122,787

At 30 June 2025

384,001

6,800

3,283,526

3,674,327

NET BOOK VALUE

At 30 June 2025

384,001

6,800

3,283,526

3,674,327

At 30 June 2024

384,001

6,800

2,189,513

2,580,314

Cost or valuation at 30 June 2025 is represented by:

Shares in

Interest

group

in

Other

undertakings

associate

investments

Totals

€

€

€

€

Valuation in 2021

325,950

6,800

-

332,750

Valuation in 2022

209,000

-

-

209,000

Valuation in 2023

(120,962

)

-

1,772,386

1,651,424

Valuation in 2024

(29,987

)

-

417,126

387,139

Valuation in 2025

-

-

1,094,014

1,094,014

384,001

6,800

3,283,526

3,674,327

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

ABE Ukraine LLC

Registered office: Ukraine

Nature of business: Educational services

%

Class of shares:

holding

Ordinary

100.00

31.12.25

31.12.24

€

€

Aggregate capital and reserves

335,464

367,334

Loss for the year

(31,870

)

(22,420

)

British International School Dnipro

Registered office: Ukraine

Nature of business: Educational services

%

Class of shares:

holding

Ordinary

75.00

31.12.25

31.12.24

€

€

Aggregate capital and reserves

34,414

128,805

(Loss)/profit for the year

(94,391

)

2,191

Associated companies

British International School Kiev

Registered office: Ukraine

Nature of business: Educational services

%

Class of shares:

holding

Ordinary

45.00

31.12.25

31.12.24

€

€

Aggregate capital and reserves

441,785

996,137

(Loss)/profit for the year

(554,352

)

345,153

British International School in Pechersk

Registered office: Ukraine

Nature of business: Educational services

%

Class of shares:

holding

Ordinary

49.00

31.12.25

31.12.24

€

€

Aggregate capital and reserves

(312,808

)

(206,159

)

Loss for the year

(129,543

)

(247,770

)

7.	INVESTMENT PROPERTY

Total

€

FAIR VALUE

At 1 July 2024

1,150,696

Disposals

(268,608

)

Revaluations

(8,030

)

At 30 June 2025

874,058

NET BOOK VALUE

At 30 June 2025

874,058

At 30 June 2024

1,150,696

Fair value at 30 June 2025 is represented by:

€

Valuation in 2023

1,165,334

Valuation in 2024

(14,638

)

Valuation in 2025

(276,638

)

874,058

8.

DEBTORS

30.6.25

30.6.24

€

€

Amounts falling due within one year:

Trade debtors

21,172

16,535

Amounts owed by group undertakings

-

70,631

Amounts owed by associates

-

1,189,701

Other debtors

63,293

21,042

84,465

1,297,909

Amounts falling due after more than one year:

Other debtors

363,938

353,020

Aggregate amounts

448,403

1,650,929

9.	CURRENT ASSET INVESTMENTS

30.6.25

30.6.24

€

€

Other

2,815,359

2,938,146

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

€

€

Trade creditors

53,600

79,720

Taxation and social security

-

4,821

Other creditors

23,016

23,326

76,616

107,867

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

€

€

Other creditors

239,261

338,266

12.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

€

€

Deferred tax

685,853

567,511

Other provisions

8,465,967

9,919,651

9,151,820

10,487,162

Deferred

Other

tax

provisions

€

€

Balance at 1 July 2024

567,511

9,919,651

Provided during year

118,342

-

Utilised during year

-

(1,360,369

)

Balance at 30 June 2025

685,853

8,559,282

Other provisions represent a reserve account held on behalf of companies under common control.

13.	RELATED PARTY DISCLOSURES

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Zastavnyi.