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Company Registration No. 13390983 (England and Wales)
XRP VENTURES LTD Unaudited accounts for the year ended 31 May 2023
XRP VENTURES LTD Unaudited accounts Contents
Page
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XRP VENTURES LTD Company Information for the year ended 31 May 2023
Directors
Adil Cuka Elhami Hysku
Company Number
13390983 (England and Wales)
Registered Office
116 High Street REDCAR Cleveland TS10 3DH United Kingdom
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XRP VENTURES LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,118 
26,748 
Investment property
65,000 
25,000 
104,118 
51,748 
Current assets
Inventories
9,220 
3,940 
Cash at bank and in hand
70,568 
77,816 
79,788 
81,756 
Creditors: amounts falling due within one year
(45,421)
(65,751)
Net current assets
34,367 
16,005 
Net assets
138,485 
67,753 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
138,385 
67,653 
Shareholders' funds
138,485 
67,753 
For the year ending 31 May 2023 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2023 and were signed on its behalf by
Elhami Hysku Director Company Registration No. 13390983
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XRP VENTURES LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
XRP VENTURES LTD is a private company, limited by shares, registered in England and Wales, registration number 13390983. The registered office is 116 High Street, REDCAR, Cleveland, TS10 3DH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
£12460
Fixtures & fittings
£17259
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2022
29,719 
Additions
17,046 
At 31 May 2023
46,765 
Depreciation
At 1 June 2022
2,971 
Charge for the year
4,676 
At 31 May 2023
7,647 
Net book value
At 31 May 2023
39,118 
At 31 May 2022
26,748 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Loans to directors
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XRP VENTURES LTD Notes to the Accounts for the year ended 31 May 2023
7
Average number of employees
During the year the average number of employees was 16 (2022: 13).
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