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REGISTERED NUMBER: SC088169 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

XALOC (1-NO.406) LIMITED

XALOC (1-NO.406) LIMITED (REGISTERED NUMBER: SC088169)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 4

XALOC (1-NO.406) LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: AS McCormick
H McCormick





SECRETARY:





REGISTERED OFFICE: 16 Royal Terrace
Glasgow
G3 7NY





REGISTERED NUMBER: SC088169 (Scotland)





ACCOUNTANTS: Davidson & Workman
Chartered Accountants
16 Royal Terrace
GLASGOW
G3 7NY

XALOC (1-NO.406) LIMITED (REGISTERED NUMBER: SC088169)

BALANCE SHEET
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Investments 4 3,000 3,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,000

3,000

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
SHAREHOLDERS' FUNDS 3,000 3,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 29 January 2024 and were signed on its behalf by:





AS McCormick - Director


XALOC (1-NO.406) LIMITED (REGISTERED NUMBER: SC088169)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Xaloc (1-no.406) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments
Fixed asset investments are initially recorded at cost , and subsequently stated at cost less any accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.23 30.6.22
£    £   
Carrying Amount at 30 June 2019 3,000 3,000

The company purchased a property in Santa Ponsa, Majorca for £34,950 during the period ended 30th June 1985. The company then entered into Licence Agreements under which all rights of occupancy were assigned in perpetuity for £31,950. In the Directors' opinion the residual value of the property investment (being subject to Licence Agreements) is £3,000. In arriving at their opinion the Directors have had regard to the possibility in the future of the company selling the property and thus having to repurchase the licences, if the licence should wish to sell, and to the terms under which they would expect such repurchase to take place.

5. RELATED PARTY DISCLOSURES

The company was not under the ultimate control of any individual throughout the current and previous year.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
XALOC (1-NO.406) 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Xaloc (1-no.406) Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Xaloc (1-no.406) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Xaloc (1-no.406) Limited and state those matters that we have agreed to state to the Board of Directors of Xaloc (1-no.406) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Xaloc (1-no.406) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Xaloc (1-no.406) Limited. You consider that Xaloc (1-no.406) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Xaloc (1-no.406) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Davidson & Workman
Chartered Accountants
16 Royal Terrace
GLASGOW
G3 7NY


29 January 2024