REGISTERED NUMBER: 06868913 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

ABCUM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T M J Morgan Hitchcock

J S C Morgan Hitchcock

Mr M J Hitchcock

Mrs I E R Morgan

REGISTERED OFFICE:

50 Seymour Street

London

W1H 7JG

REGISTERED NUMBER:

06868913 (England and Wales)

ACCOUNTANTS:

Civvals Limited

50 Seymour Street

London

W1H 7JG

FIXED ASSETS

Tangible assets

4

1,082

2,946

Investments

5

1

1

1,083

2,947

CURRENT ASSETS

Debtors

6

11,805

9,767

Cash at bank

1,542

1,177

13,347

10,944

CREDITORS

Amounts falling due within one year

7

580,490

514,043

NET CURRENT LIABILITIES

(567,143

)

(503,099

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(566,060

)

(500,152

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(566,062

)

(500,154

)

SHAREHOLDERS' FUNDS

(566,060

)

(500,152

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 January 2018 and were signed on its behalf by:

Mr M J Hitchcock - Director

1.	STATUTORY INFORMATION

Abcum 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Going concern

Based on the continued support of the directors they consider that it is appropriate to prepare the financial

statement on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

4,370

14,434

18,804

DEPRECIATION

At 1 May 2016

2,928

12,930

15,858

Charge for year

360

1,504

1,864

At 30 April 2017

3,288

14,434

17,722

NET BOOK VALUE

At 30 April 2017

1,082

-

1,082

At 30 April 2016

1,442

1,504

2,946

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2016

and 30 April 2017

1

NET BOOK VALUE

At 30 April 2017

1

At 30 April 2016

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,916

1,916

Amounts owed by group undertakings

5,647

2,552

Other debtors

4,242

5,299

11,805

9,767

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

4,677

1,095

Social security and other taxes

256

545

Other creditors

774

929

Directors' current accounts

572,783

509,574

Accrued expenses

2,000

1,900

580,490

514,043

8.

CONTROL

The directors, Mr T Morgan Hitchcock and Mr J Morgan Hitchcock, control the company by virtue of their

direct shareholding in this company.