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REGISTERED NUMBER: 14025345 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Xabia Limited

Xabia Limited (Registered number: 14025345)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Xabia Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D S Mayer
J Mayer
Mrs K S Barnes





REGISTERED OFFICE: 11 Gleneagles Court
Brighton Road
Crawley
West Sussex
RH10 6AD





REGISTERED NUMBER: 14025345 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

Xabia Limited (Registered number: 14025345)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,663 9,101
Investment property 5 988,605 988,605
999,268 997,706

CURRENT ASSETS
Debtors 6 2 1
Cash at bank 38,235 7,035
38,237 7,036
CREDITORS
Amounts falling due within one year 7 146,940 123,844
NET CURRENT LIABILITIES (108,703 ) (116,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,565

880,898

CREDITORS
Amounts falling due after more than one
year

8

950,987

913,759
NET LIABILITIES (60,422 ) (32,861 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (60,423 ) (32,862 )
SHAREHOLDERS' FUNDS (60,422 ) (32,861 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Xabia Limited (Registered number: 14025345)

Statement of Financial Position - continued
31 October 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 28 November 2023 and were signed on its behalf by:





D S Mayer - Director


Xabia Limited (Registered number: 14025345)

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

1. STATUTORY INFORMATION

Xabia 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 and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Xabia Limited (Registered number: 14025345)

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

2. ACCOUNTING POLICIES - continued

Going concern
The balance sheet is showing a net liabilities position at the balance sheet date. The company will continue as a going concern with support from the director and associated companies.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 12,136
Additions 6,127
At 31 October 2023 18,263
DEPRECIATION
At 1 November 2022 3,035
Charge for year 4,565
At 31 October 2023 7,600
NET BOOK VALUE
At 31 October 2023 10,663
At 31 October 2022 9,101

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 988,605
NET BOOK VALUE
At 31 October 2023 988,605
At 31 October 2022 988,605

Investment property is measured at its initial cost of £988,605. The directors consider that the fair value of the property has not materially changed since the property purchase.

Xabia Limited (Registered number: 14025345)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 2 1

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other creditors 146,940 123,844

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Other creditors 950,987 913,759

9. RELATED PARTY DISCLOSURES

A loan of £422,661 was owed to Consultr Ltd (2022 - £406,115), a company under common control, at the balance sheet date. Interest is chargeable at 4%, and a total of £16,546 (2022 - £6,115) of interest costs accrued in the year to 31st October 2023. The loan is repayable in more than one year and is not secured.

A loan of £528,326 (2022 - £507,644) was owed to Invstr Ltd, a company under common control, at the balance sheet date. Interest is chargeable at 4%, and a total of £20,682 (2022 - £7,644) of interest costs accrued in the year to 31st October 2023. The loan is repayable in more than one year and is not secured.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D S Mayer.