Abaco International Loss Adjusters UK Ltd

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. Accounting Policies

1.1. 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.

1.2. 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. In the event of any shortfall, the directors has indicated adequate support will be provided for the foreseeable future.

1.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover comprises professional loss adjusting fees and the recovery of expenses incurred in connection with client assignments.

Rendering of services

Revenue from loss adjusting services is recognised as the services are performed. Where an assignment is incomplete at the reporting date, revenue is recognised by reference to the stage of completion where the outcome can be estimated reliably.

Where the company is responsible for providing the overall service, amounts invoiced to clients are recognised gross as revenue and fees charged by other Abaco entities or external experts are recognised as direct costs. Where the company acts only as an agent or facilitator, revenue is limited to the fee or margin attributable to the company..

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements and estimates which affect the reported amounts of assets, liabilities, revenue and expenses. Actual results may differ from these estimates.

Assessment of revenue and work in progress

Management exercises judgement in assessing the stage of completion of open assignments at the reporting date and the amount of revenue attributable to services performed.

Management also considers the nature of international assignments when determining whether the company is acting as the principal service provider or as an agent or facilitator. This assessment considers the company’s role in the assignment, responsibility for delivery of the service and the involvement of other Abaco entities.

1.4. 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:

1.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Abaco International Loss Adjusters UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

1.6. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

1.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 1 (2024: 1)

3. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	1,193	4,848	6,041

As at 31 December 2025	1,193	4,848	6,041

Depreciation
As at 1 January 2025	888	4,848	5,736
Provided during the period	305	-	305

As at 31 December 2025	1,193	4,848	6,041

Net Book Value
As at 31 December 2025	-	-	-

As at 1 January 2025	305	-	305

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Abaco International Loss Adjusters UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	500,225	822,327
Other debtors	5,808	1,408

	506,033	823,735

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	6,147	301,388
Amounts owed to group undertakings	330,953	484,777
Amounts owed to participating interests	329,630	-
Other creditors	20,476	82,914
Taxation and social security	62,786	112,813

	749,992	981,892

Amounts owed to parent undertaking

At 31 December 2025, the company owed £330,953 (2024: £484,777) to its parent undertaking, Abaco International Loss Adjusters, S.L. The balance is unsecured and is not subject to a formal loan agreement or fixed repayment schedule. No interest has historically been charged or requested and there is no formal interest arrangement. Repayments have historically been made when the company has sufficient profits and cash resources.

Amounts owed to group undertakings

At 31 December 2025, amounts owed to the group undertaking in respect of trading activities amounted to £146,082. These balances are unsecured and are not subject to formal repayment terms. They are settled periodically, generally as the related client receivables are collected.

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

7. Related Party Transactions

Abaco Asesores Periciales, S.L.P. is considered a related party of the company by virtue of common ownership and management with the company’s parent undertaking. At 31 December 2025, £183,548 was payable to Abaco Asesores Periciales, S.L.P., £425 was receivable from the company, and a further £4,203 was included within Other Debtors in respect of payments made on account to Abaco Asesores Periciales, S.L.P.

8. General Information

Abaco International Loss Adjusters UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09818464 . The registered office is Unit 326 Canalot Studios, 222 Kensal Road, London, W10 5BN.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		-		305

			-		305
CURRENT ASSETS
Debtors	4	506,033		823,735
Cash at bank and in hand		201,963		100,402

		707,996		924,137
Creditors: Amounts Falling Due Within One Year	5	(749,992 )		(981,892 )

NET CURRENT ASSETS (LIABILITIES)			(41,996 )		(57,755 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(41,996 )		(57,450 )

NET LIABILITIES			(41,996 )		(57,450 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(42,096 )		(57,550 )

SHAREHOLDERS' FUNDS			(41,996)		(57,450)