Registered number
12138615
Xlio Ventures Limited
Filleted Accounts
31 August 2023
Xlio Ventures Limited
Registered number: 12138615
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,396 2,793
Current assets
Debtors 4 1,384,946 818,735
Cash at bank and in hand 182,570 498,184
1,567,516 1,316,919
Creditors: amounts falling due within one year 5 (16,478) (12,523)
Net current assets 1,551,038 1,304,396
Total assets less current liabilities 1,552,434 1,307,189
Creditors: amounts falling due after more than one year 6 (3,343,604) (2,878,722)
Net liabilities (1,791,170) (1,571,533)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,791,171) (1,571,534)
Shareholder's funds (1,791,170) (1,571,533)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gary N Berg
Director
Approved by the board on 19 August 2024
Xlio Ventures Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 4,190
At 31 August 2023 4,190
Depreciation
At 1 September 2022 1,397
Charge for the year 1,397
At 31 August 2023 2,794
Net book value
At 31 August 2023 1,396
At 31 August 2022 2,793
4 Debtors 2023 2022
£ £
Prepayments 27,996 27,283
Other debtors 1,356,950 791,452
1,384,946 818,735
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 6,079 1,046
Taxation and social security costs - 1,027
Other creditors 10,399 10,450
16,478 12,523
6 Creditors: amounts falling due after one year 2023 2022
£ £
Loans from related companies 3,343,604 2,878,722
7 Going Concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the forseeable future. The company therefore continues to adopt the going concern basis in preparing the financial statements.
8 Related party transactions
At the balance sheet date there is a balance due to the shareholder Whisper Creek Limited Partnership of £3,343,604 (2022:£2,878722).

Interest is charged on the loan principal based on the U.S long-term federal rate.
9 Other information
Xlio Ventures Limited is a private company limited by shares and incorporated in England. Its registered office is:
167 - 169 Great Portland Street
London
England
W1W 5PF
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