Company Registration No. 09693479 (England and Wales)
Xetrov Group Ltd
Unaudited accounts
for the year ended 31 December 2023
Xetrov Group Ltd
Unaudited accounts
Contents
Xetrov Group Ltd
Company Information
for the year ended 31 December 2023
Directors
Stephanie Amstutz
Richard John Anderson
Stephen Matthew Clarke
Ashleigh Jane Ruxton
Jacob Shields Ulrich
Company Number
09693479 (England and Wales)
Registered Office
90 JERMYN STREET
LONDON
SW1Y 6JD
UNITED KINGDOM
Xetrov Group Ltd
Statement of financial position
as at 31 December 2023
Investments
10,756,722
10,756,722
Debtors
6,623,892
5,177,814
Cash at bank and in hand
31
26
Creditors: amounts falling due within one year
(3,510,513)
(2,055,573)
Net current assets
3,113,410
3,122,267
Total assets less current liabilities
13,870,132
13,878,989
Creditors: amounts falling due after more than one year
(800,000)
(800,000)
Net assets
13,070,132
13,078,989
Called up share capital
35,513
32,116
Share premium
14,577,216
13,882,977
Capital contribution reserve
-
235,000
Profit and loss account
(1,542,597)
(1,071,104)
Shareholders' funds
13,070,132
13,078,989
For the year ending 31 December 2023 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 13 June 2024 and were signed on its behalf by
Ashleigh Jane Ruxton
Director
Company Registration No. 09693479
Xetrov Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
Xetrov Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 09693479. The registered office is 90 JERMYN STREET, LONDON, SW1Y 6JD, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including goodwill and patents) are included at cost less accumulated amortisation.
5
Investments
Subsidiary undertakings
Valuation at 1 January 2023
10,756,722
Valuation at 31 December 2023
10,756,722
There is deferred contingent consideration of up to £1,125,000, subject to property valuation, payable to the sellers of Burnham Landscapes Ltd, which is a wholly owned subsidiary renamed as Xetrov Property Ltd.
Amounts falling due within one year
Accrued income and prepayments
2,327
97,200
Other debtors
30,052
41,533
Amounts falling due after more than one year
Amounts due from group undertakings etc.
6,591,513
5,011,395
Xetrov Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
867,043
1,350,000
Trade creditors
30,611
100,168
Amounts owed to group undertakings and other participating interests
657,743
-
Other creditors
1,768,908
216,500
Loans from directors
99,047
47,549
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
800,000
800,000
There is deferred contingent consideration of up to £1,100,000, subject to company profitability, payable to the sellers of Xetrov Services Ltd, which is a wholly owned subsidiary.
There is deferred contingent consideration of up to £1,125,000, subject to property valuation, payable to the sellers of Burnham Landscapes Ltd, which is now a wholly owned subsidiary renamed as Xetrov Property Ltd.
10
Transactions with related parties
The company was owed £5,094,921 (31st December 2022 - £3,536,200) from Xetrov Energy Ltd, a wholly owned subsidiary of Xetrov Group Ltd.
The company was owed £472,181 (31st December 2022 - £32,791) from Xetrov Property Ltd, a wholly owned subsidiary of Xetrov Group Ltd.
The company was owed £1,496,464 (31st December 2022 - £1,442,311) from Clean 6 Ltd, a wholly owned subsidiary of Xetrov Group Ltd.
The company owed £185,563 (31st December 2022 - £100) to Xetrov Property 2 Ltd, a wholly owned subsidiary of Xetrov Group Ltd.
The company owed £1,728,908 (31st December 2022 - £176,500) to Carm Investments Ltd, a company under the significant control of Ashleigh Ruxton, director of Xetrov Group.
The company was owed £134 (31st December 2022 - £134) from Xetrov Services Ltd, a wholly owned subsidiary of Xetrov Group Ltd.
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).