REGISTERED NUMBER: 04988080 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

ABI EUROPE LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Isacson

SECRETARY:

K Z Isacson

REGISTERED OFFICE:

27-31 Clerkenwell Close

Unit 510

London

EC1R 0AT

REGISTERED NUMBER:

04988080 (England and Wales)

CURRENT ASSETS

Debtors

4

244,313

135,689

Cash at bank

922

15,911

245,235

151,600

CREDITORS

Amounts falling due within one year

5

942,995

193,515

NET CURRENT LIABILITIES

(697,760

)

(41,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(697,760

)

(41,915

)

CREDITORS

Amounts falling due after more than one year

6

-

465,801

NET LIABILITIES

(697,760

)

(507,716

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(697,761

)

(507,717

)

SHAREHOLDERS' FUNDS

(697,760

)

(507,716

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 21 September 2017 and were signed by:

A Isacson - Director

1.	STATUTORY INFORMATION

Abi Europe Ltd. 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.

The financial statements have been prepared on a going concern basis as the company's principal creditor has

indicated that they will continue to provide financial support to the company for the foreseeable future and will

not withdraw that support until an alternative source of finance has been put in place.

The director would also draw your attention to note 10.

Turnover

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

value added tax and other sales taxes.

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 average rate for the year.

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.

Basic financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost.

The company does not have any Other Financial Instrument as covered by Section 12 of FRS 102 (Section 1A).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

230,882

107,936

Other debtors

13,431

27,753

244,313

135,689

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

103,261

82,953

Taxation and social security

16,776

5,673

Other creditors & accruals

822,958

104,889

942,995

193,515

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

-

465,801

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.16

31.12.15

£

£

Within one year

66,149

53,938

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

1

Ordinary

£1

1

1

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the sum of £676,611 (2015: £465,801) was outstanding to ABI Inc, a Company under

common control. This balance is shown within creditors.

10.	POST BALANCE SHEET EVENTS

Subsequent to the year end the ABI Group have announced that they have reached an agreement to dispose of the

trade and assets of the group to Finn Partners. This transaction is anticipated to complete before the end of 2017.

11.	ULTIMATE CONTROLLING PARTY

12.	FIRST YEAR ADOPTION

The company adopted FRS 102 for the accounting period ended 28 January 2017. There was no adjustments

arising at the transition date or at the end of the comparative period, therefore there is no difference between

equity under the previous financial reporting framework and equity under FRS 102.