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REGISTERED NUMBER: 09871167 (England and Wales)


Xiaoxue (UK) Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024






Xiaoxue (UK) Ltd (Registered number: 09871167)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Xiaoxue (UK) Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: Ms J Cheng





REGISTERED OFFICE: 25 Peartree Way
London
SE10 0XS





REGISTERED NUMBER: 09871167 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Xiaoxue (UK) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Xiaoxue (UK) Ltd for the year ended 31 March 2024 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Xiaoxue (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Xiaoxue (UK) Ltd and state those matters that we have agreed to state to the director of Xiaoxue (UK) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Xiaoxue (UK) Ltd and its director for our work or for this report.

It is your duty to ensure that Xiaoxue (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Xiaoxue (UK) Ltd. You consider that Xiaoxue (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Xiaoxue (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


1 August 2024

Xiaoxue (UK) Ltd (Registered number: 09871167)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,866 -
Investment property 5 2,588,785 2,588,785
2,592,651 2,588,785

CURRENT ASSETS
Debtors 6 17,009 6,993
Cash at bank 368,472 54,369
385,481 61,362
CREDITORS
Amounts falling due within one year 7 2,558,299 2,288,951
NET CURRENT LIABILITIES (2,172,818 ) (2,227,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,833

361,196

PROVISIONS FOR LIABILITIES 8 906 -
NET ASSETS 418,927 361,196

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 418,827 361,096
SHAREHOLDERS' FUNDS 418,927 361,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Xiaoxue (UK) Ltd (Registered number: 09871167)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 August 2024 and were signed by:





Ms J Cheng - Director


Xiaoxue (UK) Ltd (Registered number: 09871167)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Xiaoxue (UK) 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from investments in properties. The revenue is recognised on an accrual basis in accordance with the tenancy agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Investment property
No depreciation is charged on investment property and on the improvement cost under FRS102 standard.

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 statement of financial position date.


Xiaoxue (UK) Ltd (Registered number: 09871167)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 623
Additions 4,833
At 31 March 2024 5,456
DEPRECIATION
At 1 April 2023 623
Charge for year 967
At 31 March 2024 1,590
NET BOOK VALUE
At 31 March 2024 3,866

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,588,785
NET BOOK VALUE
At 31 March 2024 2,588,785
At 31 March 2023 2,588,785

Xiaoxue (UK) Ltd (Registered number: 09871167)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY - continued

The company directors, as required by FRS 102, assessed valuation of Investment properties to fair value as at balance sheet date. This was based on local knowledge with similar properties located in the same area. After assessment, it was concluded that there were no significant movement in the market price.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,009 6,993

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 14,569 13,935
Other creditors 2,543,730 2,275,016
2,558,299 2,288,951

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 906 -

Deferred
tax
£   
Charge to Income Statement during year 906
Balance at 31 March 2024 906

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Xiaoxue (UK) Ltd (Registered number: 09871167)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. RESERVES
Retained
earnings
£   

At 1 April 2023 361,096
Profit for the year 57,731
At 31 March 2024 418,827

11. RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

At balance sheet date, company owe £14,429 (2023:£14,667). An interest free loan payable on demand and is presented within creditors' note.


Shareholders' loan

At balance sheet date, company owe £2,522,260 (2023: £2,232,260). An interest free loan payable on demand and presented within creditors' note.