ABX Development LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SO301872 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

ABX Development LLP

Page

General Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Irina Razgulyaeva

Sun Dance Services Ltd

REGISTERED OFFICE:

41 Duke Street

Edinburgh

EH6 8HH

REGISTERED NUMBER:

SO301872 (Scotland)

FIXED ASSETS

Tangible assets

3

167,272

167,272

Investments

4

277,624

77,320

444,896

244,592

CURRENT ASSETS

Debtors

5

884,848

903,582

Cash at bank

82,108

100

966,956

903,682

CREDITORS

Amounts falling due within one year

6

733,559

1,228

NET CURRENT ASSETS

233,397

902,454

TOTAL ASSETS LESS CURRENT LIABILITIES

678,293

1,147,046

CREDITORS

Amounts falling due after more than one year

7

-

720,759

NET ASSETS ATTRIBUTABLE TO MEMBERS

678,293

426,287

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

678,193

426,187

MEMBERS' OTHER INTERESTS

Capital accounts

100

100

678,293

426,287

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

678,193

426,187

Members' other interests

100

100

678,293

426,287

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 April 2019.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 31 October 2019 and were signed by:

Irina Razgulyaeva - Designated member

1.	STATUTORY INFORMATION

ABX Development LLP is registered in Scotland. The LLP's registered number and registered office address can

be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 May 2018

and 30 April 2019

167,272

NET BOOK VALUE

At 30 April 2019

167,272

At 30 April 2018

167,272

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2018

77,320

Additions

200,304

At 30 April 2019

277,624

NET BOOK VALUE

At 30 April 2019

277,624

At 30 April 2018

77,320

The fixed asset investments represent the following:

i) The company holds 3.22% of ordinary share capital of NYX Technologies, a company registered in Israel.

5.

DEBTORS

30.4.19

30.4.18

£

£

Amounts falling due within one year:

Loans

884,848

-

Amounts falling due after more than one year:

Loans

-

903,582

Aggregate amounts

884,848

903,582

£884,848 loan was granted to Irina Razgulyaeva, a resident of Cyprus at 0% interest, payable within 1 year.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Loans

731,977

-

Accrued expenses

1,582

1,228

733,559

1,228

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Loans

-

720,759

£437,101 interest free loan is due to Darby Solutions Ltd, a company registered in the Republic of Marshall

Islands, payable within 1 year..

£294,876 interest free loan is due to Powermann Ltd, a company registered in the United Kingdom, payable

within 1 year.

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up of the LLP, amounts classified as 'other debts due to members'

would rank behind other non-secured creditors. There are no restrictions that exist on the ability of members to

reduce the amounts classifies as 'members capital'.