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REGISTERED NUMBER: 06586810 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Xalvary Associates Limited

Xalvary Associates Limited (Registered number: 06586810)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Xalvary Associates Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: D L de Paeztron
Ms J Gundry





REGISTERED OFFICE: 5 Granville Close
Havant
Hampshire
PO9 2TR





REGISTERED NUMBER: 06586810 (England and Wales)





ACCOUNTANTS: Henderson-Smith Associates Limited
5 Granville Close
Havant
Hampshire
PO9 2TR

Xalvary Associates Limited (Registered number: 06586810)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,388 1,369

CURRENT ASSETS
Debtors 5 8,244 11,184
Cash at bank 68,420 84,209
76,664 95,393
CREDITORS
Amounts falling due within one year 6 528 1,346
NET CURRENT ASSETS 76,136 94,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,524

95,416

CAPITAL AND RESERVES
Called up share capital 7 2 1
Retained earnings 8 78,522 95,415
SHAREHOLDERS' FUNDS 78,524 95,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Xalvary Associates Limited (Registered number: 06586810)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





D L de Paeztron - Director


Xalvary Associates Limited (Registered number: 06586810)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Xalvary Associates 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 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 Companies Act 2006. 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.
Fixtures & equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Xalvary Associates Limited (Registered number: 06586810)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures Computer
& equipment equipment Totals
£    £    £   
COST
At 1 June 2022 2,223 7,620 9,843
Additions - 1,816 1,816
At 31 May 2023 2,223 9,436 11,659
DEPRECIATION
At 1 June 2022 1,919 6,555 8,474
Charge for year 76 721 797
At 31 May 2023 1,995 7,276 9,271
NET BOOK VALUE
At 31 May 2023 228 2,160 2,388
At 31 May 2022 304 1,065 1,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 5,940
Other debtors 8,244 5,244
8,244 11,184

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security - 833
Other creditors 528 513
528 1,346

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1 Ordinary £1 1 1
1 Ordinary B £1 1 -
2 1

1 Ordinary B share of £1 was allotted and fully paid for cash at par during the year.

Xalvary Associates Limited (Registered number: 06586810)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. RESERVES
Retained
earnings
£   

At 1 June 2022 95,415
Deficit for the year (13,393 )
Dividends (3,500 )
At 31 May 2023 78,522

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
Ms J Gundry
Balance outstanding at start of year - -
Amounts advanced 3,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,000 -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D L de Paeztron.

Xalvary Associates Limited

Report of the Accountants to the Directors of
Xalvary Associates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Henderson-Smith Associates Limited
5 Granville Close
Havant
Hampshire
PO9 2TR


15 November 2023