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REGISTERED NUMBER: 07297226 (England and Wales)












Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Abeona Limited

Abeona Limited (Registered number: 07297226)

Contents of the Abbreviated Accounts
for the Year Ended 30 June 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Abeona Limited

Company Information
for the Year Ended 30 June 2016







DIRECTORS: Mr D Leigh
Mr K Ezzat





SECRETARY: Mr K Ezzat





REGISTERED OFFICE: 3rd Floor
120 Moorgate
London
EC2M 6UR





REGISTERED NUMBER: 07297226 (England and Wales)





ACCOUNTANTS: Maurice J. Bushell & Co
Third Floor
120 Moorgate
London
EC2M 6UR

Abeona Limited (Registered number: 07297226)

Abbreviated Balance Sheet
30 June 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 790,912 706,617

CURRENT ASSETS
Debtors 3 155,641 109,709
Cash at bank and in hand 21,255 21,800
176,896 131,509
CREDITORS
Amounts falling due within one year 4 998,516 863,791
NET CURRENT LIABILITIES (821,620 ) (732,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,708

)

(25,665

)

CAPITAL AND RESERVES
Called up share capital 5 2,666 2,666
Profit and loss account (33,374 ) (28,331 )
SHAREHOLDERS' FUNDS (30,708 ) (25,665 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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.

Abeona Limited (Registered number: 07297226)

Abbreviated Balance Sheet - continued
30 June 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 29 March 2017 and were signed on its
behalf by:





Mr K Ezzat - Director


Abeona Limited (Registered number: 07297226)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property - 4% straight line
Leasehold property improvement - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

Going concern
After making enquiries the director has a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. For this reason, he continues
to adopt the going concern basis in preparing the accounts.

The director considers that no additional disclosures in respect of going concern are necessary for the
accounts to give a true and fair view.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments.
An equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.

Abeona Limited (Registered number: 07297226)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 771,878
Additions 114,619
At 30 June 2016 886,497
DEPRECIATION
At 1 July 2015 65,261
Charge for year 30,324
At 30 June 2016 95,585
NET BOOK VALUE
At 30 June 2016 790,912
At 30 June 2015 706,617

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 5,000 (2015 - £ 5,000 )

4. CREDITORS

Creditors include an amount of £ 460,900 (2015 - £ 460,900 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2,666 Ordinary 1p 2,666 2,666