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Company Registration No. 13224509 (England and Wales)
XD Properties Limited Unaudited accounts for the year ended 31 March 2024
XD Properties Limited Unaudited accounts Contents
Page
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XD Properties Limited Company Information for the year ended 31 March 2024
Directors
Mr Dawid Gorny Mrs Xiaowen Pan
Company Number
13224509 (England and Wales)
Registered Office
30 Granby Way Wootton Bedford Bedfordshire MK43 9FP
Accountants
Advanced Tax Solutions Ltd t/a Tax Made Easy Unit 24, King Street Buildings Enderby Leicester Leicestershire LE19 4NT
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XD Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
173,795 
173,795 
Current assets
Debtors
2,009 
933 
Cash at bank and in hand
4,578 
1,762 
6,587 
2,695 
Creditors: amounts falling due within one year
(58,022)
(55,143)
Net current liabilities
(51,435)
(52,448)
Total assets less current liabilities
122,360 
121,347 
Creditors: amounts falling due after more than one year
(129,739)
(124,980)
Net liabilities
(7,379)
(3,633)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,479)
(3,733)
Shareholders' funds
(7,379)
(3,633)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by
Mr Dawid Gorny Director Company Registration No. 13224509
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XD Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
XD Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13224509. The registered office is 30 Granby Way, Wootton, Bedford, Bedfordshire, MK43 9FP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue is operational existence for the foreseeable future. Thus they adopt the going concern basis in the preparation of the annual financial statements.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
173,795 
At 31 March 2024
173,795 
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XD Properties Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
1,805 
933 
Amounts falling due after more than one year
Accrued income and prepayments
204 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
57,522 
54,643 
Accruals
500 
500 
58,022 
55,143 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
129,739 
124,980 
Aggregate of amounts that fall due for payment after five years
- 
124,980 
There is a mortgage of £124,980 secure on the investment property.
8
Deferred taxation
2024 
2023 
£ 
£ 
Tax losses carried forward
(1,805)
(933)
2024 
2023 
£ 
£ 
Provision at start of year
(933)
- 
Credited to the profit and loss account
(872)
(933)
Provision at end of year
(1,805)
(933)
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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