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Company Registration No. 13208637 (England and Wales)
Xetrov Property 2 Ltd Unaudited accounts for the year ended 31 December 2023
Xetrov Property 2 Ltd Unaudited accounts Contents
Page
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Xetrov Property 2 Ltd Company Information for the year ended 31 December 2023
Director
Ashleigh Jane Ruxton
Company Number
13208637 (England and Wales)
Registered Office
Xetrov House Browns Road Daventry NN11 4NS United Kingdom
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Xetrov Property 2 Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
2,422,650 
2,322,650 
Current assets
Debtors
194,013 
549,460 
Cash at bank and in hand
8 
81 
194,021 
549,541 
Creditors: amounts falling due within one year
(5,000)
(473,181)
Net current assets
189,021 
76,360 
Total assets less current liabilities
2,611,671 
2,399,010 
Creditors: amounts falling due after more than one year
(2,920,418)
(2,476,045)
Net liabilities
(308,747)
(77,035)
Capital and reserves
Called up share capital
2,450 
2,450 
Profit and loss account
(311,197)
(79,485)
Shareholders' funds
(308,747)
(77,035)
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 director acknowledges her 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 and authorised for issue on 13 June 2024 and were signed on its behalf by
Ashleigh Jane Ruxton Director Company Registration No. 13208637
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Xetrov Property 2 Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Xetrov Property 2 Ltd is a private company, limited by shares, registered in England and Wales, registration number 13208637. The registered office is Xetrov House, Browns Road, Daventry, NN11 4NS, 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.
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.
Investment property
Investment property is included at the original purchase cost, which is currently considered to be a fair market value. There is a secured loan from Investbridge Capital (UK) Ltd on the property repayable on 21st April 2024. There is no expectation of sale of the property, so there is no deferred taxation provided.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
2,322,650 
Additions
100,000 
At 31 December 2023
2,422,650 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
445,727 
Accrued income and prepayments
6,000 
30,000 
Other debtors
2,450 
2,450 
8,450 
478,177 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
185,563 
71,283 
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Xetrov Property 2 Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,000 
- 
Trade creditors
- 
473,181 
5,000 
473,181 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
2,820,000 
2,400,000 
Amounts owed to group undertakings and other participating interests
- 
100 
Accruals
100,418 
75,945 
2,920,418 
2,476,045 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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