Registered number: 08135887 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Staffordshire | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 |
XAI UK Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
12,824 | 149,387 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 143,525 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 10,847 | 143,025 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
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 | ||||||||
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 | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
3. TANGIBLE FIXED ASSETS | ||||
Fixtures | ||||
and Fittings | Total | |||
£ | £ | |||
Cost | ||||
At 01/08/2022 | 4,538 | 4,538 | ||
At 31/07/2023 | 4,538 | 4,538 | ||
Depreciation | ||||
At 01/08/2022 | 4,538 | 4,538 | ||
At 31/07/2023 | 4,538 | 4,538 | ||
Net Book Amounts | ||||
At 31/07/2023 | - | |||
4. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/08/2022 | 500 | 500 | |||||||
At 31/07/2023 | 500 | 500 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/07/2023 | 500 | 500 | |||||||
At 31/07/2022 | 500 | 500 | |||||||
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 | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Amounts due from group companies | - | 149,359 | ||||||
- | 149,359 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Directors current account | 433 | 183 | ||||||
Bank loans and overdrafts | - | 47 | ||||||
Trade creditors | - | 4,588 | ||||||
Accruals | 1,044 | 1,044 | ||||||
1,477 | 5,862 | |||||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1,000 | 1,000 | |||||||
1,000 | 1,000 | |||||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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