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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
Page
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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
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Xetrov Group Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
10,756,722 
10,756,722 
Current assets
Debtors
6,623,892 
5,177,814 
Cash at bank and in hand
31 
26 
6,623,923 
5,177,840 
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 
Capital and reserves
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
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Xetrov Group Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
27,686 
Accrued income and prepayments
2,327 
97,200 
Other debtors
30,052 
41,533 
32,379 
166,419 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
6,591,513 
5,011,395 
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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 
VAT
1,156 
- 
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 
Accruals
86,005 
341,356 
3,510,513 
2,055,573 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
800,000 
800,000 
9
Contingent liabilities
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).
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