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REGISTERED NUMBER: 13481017 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

XLINKS 1 LTD

XLINKS 1 LTD (REGISTERED NUMBER: 13481017)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


XLINKS 1 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: S Morrish
R J Hardy
R H Mcpherson





REGISTERED OFFICE: Kingfisher House
Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 13481017 (England and Wales)





AUDITORS: Haines Watts, Statutory Auditor
Chartered Accountants
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

XLINKS 1 LTD (REGISTERED NUMBER: 13481017)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - 5,662

CURRENT ASSETS
Debtors 5 2,343,810 -
Cash at bank and in hand 3,848,822 1
6,192,632 1
CREDITORS
Amounts falling due within one year 6 14,482,935 4,158,680
NET CURRENT LIABILITIES (8,290,303 ) (4,158,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,290,303

)

(4,153,017

)

CAPITAL AND RESERVES
Called up share capital 10 1
Share premium 9,088,101 -
Retained earnings (17,378,414 ) (4,153,018 )
(8,290,303 ) (4,153,017 )

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 and authorised for issue by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





S Morrish - Director


XLINKS 1 LTD (REGISTERED NUMBER: 13481017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Xlinks 1 Ltd 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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

The Group has also confirmed it will continue to support the entity for a period of at least 12 months from the date the accounts are approved.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

XLINKS 1 LTD (REGISTERED NUMBER: 13481017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 September 2022 5,662
Reclassification/transfer (5,662 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 5,662

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 2,343,810 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 139,483 -
Amounts owed to group undertakings 12,203,230 4,157,831
Other creditors 2,140,222 849
14,482,935 4,158,680

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jacqueline Biggs FCCA ACA (Senior Statutory Auditor)
for and on behalf of Haines Watts, Statutory Auditor

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year, the company made purchases of £2,100 (2022: £nil) from Future Motors Limited, a company under common directorship. At year end the amount outstanding was £nil (2022:£nil).

XLINKS 1 LTD (REGISTERED NUMBER: 13481017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


9. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Xlinks First Limited, a company incorporated in England.

The company's ultimate parent company is Xlinks Limited, a company incorporated in England.

The company is controlled by the shareholders. No individual shareholder has overall control.