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Registered number: 08135887

XAI UK Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

XAI UK Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
Brian Hogan
Jane Hogan
Graham Turner
SECRETARY
Julie Hogan
REGISTERED OFFICE
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke-on-Trent
Staffordshire
ST6 1DY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08135887
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

XAI UK Limited

ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

XAI UK Limited

BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Investment Assets4500500
CURRENT ASSETS
Debtors5-149,359
Cash at bank and in hand12,82428
12,824149,387
CREDITORS: Amounts falling due within one year61,4775,862
NET CURRENT ASSETS11,347143,525
TOTAL ASSETS LESS CURRENT LIABILITIES11,847144,025
CAPITAL AND RESERVES
Called up share capital71,0001,000
Profit and loss account10,847143,025
SHAREHOLDERS' FUNDS11,847144,025
For the year ending 31/07/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/03/2024 and signed on their behalf by
Brian Hogan
Director
Jane Hogan
Director
Graham Turner
Director

XAI UK Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate as the company has the resources to survive the present reduced income levels by reducing dividend payments in line with this.
The reserves of the company have reduced during the year, this was partially anticipated due to the Covid 19 pandemic.
There were no dividends received during the 2023 year due to the current trading conditions in the hospitality sector as a result of Covid 19 restrictions which were in place and the necessity to rebuild the business post Covid 19 restrictions. It is anticipated that the company will return to historical trading as restrictions are lifted.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1f. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

XAI UK Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/08/20224,5384,538
At 31/07/20234,5384,538
Depreciation
At 01/08/20224,5384,538
At 31/07/20234,5384,538
Net Book Amounts
At 31/07/2023--
4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/08/2022500500
At 31/07/2023500500
Amortisation
Net Book Amounts
At 31/07/2023500500
At 31/07/2022500500
The company holds 99.8% of the share capital of XAI Holdings a company incorporated in The Republic of Ireland. The aggregate amount of capital and reserves for this company as at 31 July 2023 were £5,769,961 (2022 - £4,585,051). The profit after tax of this company for the year ended 31 July 2023 was £1,082,338 (2022 - Loss £4,304).

XAI UK Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Amounts due from group companies-149,359
-149,359
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account433183
Bank loans and overdrafts-47
Trade creditors-4,588
Accruals1,0441,044
1,4775,862
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1,000 Ordinary shares of £1 each1,0001,000
1,0001,000
8. RELATED PARTY TRANSACTIONS
During the year, the director Brian Hogan received dividends in his capacity of shareholder totalling £128,278 (2022 - £21,759) from XAI UK Limited. During the year, the director Jane Hogan received dividends in her capacity of shareholder totalling £257 (2022 - £44) from XAI UK Limited.
XAI Holdings is a subsidiary of XAI UK Limited. During the year XAI UK Limited received dividends totalling £Nil (2022 - £Nil) from XAI Holdings.
At 31 July 2023 the amount outstanding from XAI Holdings was £Nil. (2022 £149,359). The loan was repaid in full during the year.