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
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
Xetrov Property 2 Ltd
Statement of financial position
as at 31 December 2023
Investment property
2,422,650
2,322,650
Cash at bank and in hand
8
81
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)
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
Xetrov Property 2 Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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.
Fair value at 1 January 2023
2,322,650
At 31 December 2023
2,422,650
Amounts falling due within one year
Accrued income and prepayments
6,000
30,000
Amounts falling due after more than one year
Amounts due from group undertakings etc.
185,563
71,283
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
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
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).