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REGISTERED NUMBER: 07686894 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

XTRAWIT LIMITED

XTRAWIT LIMITED (REGISTERED NUMBER: 07686894)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XTRAWIT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr J M Wynne





REGISTERED OFFICE: 27 Windermere Avenue
London
N3 3QX





REGISTERED NUMBER: 07686894 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

XTRAWIT LIMITED (REGISTERED NUMBER: 07686894)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,440 1,920
Investments 5 300,000 300,000
301,440 301,920

CURRENT ASSETS
Debtors 6 - 11,880
Cash at bank 85,115 100,955
85,115 112,835
CREDITORS
Amounts falling due within one year 7 (781 ) (26,438 )
NET CURRENT ASSETS 84,334 86,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

385,774

388,317

PROVISIONS FOR LIABILITIES 8 (273 ) (365 )
NET ASSETS 385,501 387,952

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 385,401 387,852
SHAREHOLDERS' FUNDS 385,501 387,952

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 director acknowledges his 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.

XTRAWIT LIMITED (REGISTERED NUMBER: 07686894)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 14 February 2024 and were signed by:





Mr J M Wynne - Director


XTRAWIT LIMITED (REGISTERED NUMBER: 07686894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Xtrawit 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.

Preparation of consolidated financial statements
The financial statements contain information about Xtrawit Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

XTRAWIT LIMITED (REGISTERED NUMBER: 07686894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 90 7,807 7,897
DEPRECIATION
At 1 July 2022 69 5,908 5,977
Charge for year 5 475 480
At 30 June 2023 74 6,383 6,457
NET BOOK VALUE
At 30 June 2023 16 1,424 1,440
At 30 June 2022 21 1,899 1,920

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2022
and 30 June 2023 300,000
NET BOOK VALUE
At 30 June 2023 300,000
At 30 June 2022 300,000

XTRAWIT LIMITED (REGISTERED NUMBER: 07686894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Brock Properties Ltd
Registered office: 40 Parkers Circus, Chipping Norton. England. OX7 5LZ.
Nature of business: Real estate investments
%
Class of shares: holding
Ordinary £0.1 shares 84.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 11,880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 256 25,203
Other creditors 525 1,235
781 26,438

8. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 273 365

Deferred
tax
£   
Balance at 1 July 2022 365
Credit to Income Statement during year (92 )
Balance at 30 June 2023 273

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 ordinary £1 100 100