Contents of the Financial Statements

for the Period Ended 12 April 2021

Balance sheet

As at 12 April 2021

The notes form part of these financial statements

Balance sheet statements

For the year ending 12 April 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 12 April 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Other accounting policies

  1. General informationAbbot Datastore Limited (the "Company") is a private Company limited by shares incorporated in the United Kingdom. The registered office is Quadrant 1 Homefield Road, Haverhill, Suffolk, CB9 8QP2. Basis of preparation and accounting policiesAccounting ConventionThese financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.Financial instrumentsThe Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.Financial instruments are recognised when the Company becomes party to the contractual provisions of the instrument.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.Basic financial assetsBasic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the price arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.Classification of financial liabilitiesFinancial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.Basic financial liabilitiesBasic financial liabilities, including trade and other creditors, bank loans and other loans, are initially recognised at transactionprice unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present valueof the future payments discounted at a market rate of interest.Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.Equity instrumentsEquity instruments issued by the company are recorded at the fair value of proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.Employee benefitsThe costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.Termination benefits are recognised immediately as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.Retirement benefitsPayments to defined contribution retirement benefit schemes are charged as an expense as they fall due.Parent companyOn 13 April 2018, 100% of the share capital of Abbot Datastore Limited was purchased by Offsite Archive Storage and Integrated Services (Ireland) Limited. On the same day, the majority of the trade and assets of Abbot Datastore Limited were transferred to Offsite Archive Storage and Integrated Services (UK) Limited, a Company incorporated in England and Wales (Company number 06472486) with registered their office at Quadrant 1, Homefield Road, Haverhill, Suffolk CB9 8QP.The Company is a subsidiary of Offsite Archive Storage and Integratd Services (Ireland) Limited. The Company regards Euro RIM Topco Limited, a Company incorporated in the Republic of Ireland, as the ultimate parent Company and ultimate controlling party. Euro RIM Topco Limited is the largest and smallest group of undertakings for which group accounts are drawn up and of which the company is a member. Copies of the ultimate parent Company financial statements may be obtained from Euro RIM Topco Limited, Unit 3 Swords Business Park Campus, Balheary Road, Swords, Co. Dublin.

Notes to the Financial Statements

for the Period Ended 12 April 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	0	16