REGISTERED NUMBER: 07309760 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2016 TO 30 MAY 2017

FOR

ABOLO LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D Mawji

SECRETARY:

Mr S Bhattia

REGISTERED OFFICE:

12 - 14 Village Way

Neasden

London

NW10 0LH

REGISTERED NUMBER:

07309760 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Investments

3

104

104

CURRENT ASSETS

Debtors

4

1,743,125

1,743,125

Cash in hand

2

2

1,743,127

1,743,127

CREDITORS

Amounts falling due within one year

5

962,919

962,919

NET CURRENT ASSETS

780,208

780,208

TOTAL ASSETS LESS CURRENT LIABILITIES

780,312

780,312

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

780,212

780,212

SHAREHOLDERS' FUNDS

780,312

780,312

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 May 2018 and were signed by:

Mr D Mawji - Director

1.	STATUTORY INFORMATION

Abolo 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.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

TAXATION

Taxation for the period 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 period 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.

FIXED ASSETS INVESTMENTS

Investments are stated at cost less impairment losses. Where an indication of impairment exists, the

carrying amount of the investment is assessed and written down immediately to its recoverable

amount.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2016

and 30 May 2017

104

NET BOOK VALUE

At 30 May 2017

104

At 31 May 2016

104

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by group undertakings

1,710,964

1,710,964

Other debtors

32,161

32,161

1,743,125

1,743,125

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

780,506

780,506

Other creditors

182,413

182,413

962,919

962,919

6.	RELATED PARTY DISCLOSURES

7.	ULTIMATE CONTROLLING PARTY