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REGISTERED NUMBER: 13132261 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

XAGEN DEVELOPMENTS LIMITED

XAGEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13132261)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


XAGEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13132261)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 375 562

CURRENT ASSETS
Debtors 5 9,143 142
Cash at bank 2,529 18,553
11,672 18,695
CREDITORS
Amounts falling due within one year 6 (10,093 ) (12,075 )
NET CURRENT ASSETS 1,579 6,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,954

7,182

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,854 7,082
1,954 7,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





M C Onana - Director


XAGEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13132261)

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


1. STATUTORY INFORMATION

Xagen Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13132261

Registered office: 7 Bell Yard
London
WC2A 2JR

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.

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 each asset over its estimated useful life.

Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES

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

XAGEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13132261)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 750
DEPRECIATION
At 1 February 2022 188
Charge for year 187
At 31 January 2023 375
NET BOOK VALUE
At 31 January 2023 375
At 31 January 2022 562

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,143 142

Included within other debtors are £522 (2022: Nil) due from companies under common control. These amounts are provided interest free and are repayable upon demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 60 -
Taxation and social security 7,663 3,013
Other creditors 2,370 9,062
10,093 12,075

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
M C Onana
Balance outstanding at start of year (7,982 ) -
Amounts advanced 22,693 10,771
Amounts repaid (8,266 ) (18,753 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,445 (7,982 )

These loans are provided interest free and are repayable on demand.