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REGISTERED NUMBER: 02547606 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

XBUILD LIMITED

XBUILD LIMITED (REGISTERED NUMBER: 02547606)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


XBUILD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: P Gubbay





SECRETARY: Ms S Zainuddin





REGISTERED OFFICE: 7 Praed Street
London
W2 1NJ





REGISTERED NUMBER: 02547606 (England and Wales)






XBUILD LIMITED (REGISTERED NUMBER: 02547606)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 165,000 165,000

CURRENT ASSETS
Debtors 5 131,617 73,731
Cash at bank 67,863 7,518
199,480 81,249
CREDITORS
Amounts falling due within one year 6 (24,165 ) (26,070 )
NET CURRENT ASSETS 175,315 55,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,315

220,179

PROVISIONS FOR LIABILITIES (37,500 ) (37,500 )
NET ASSETS 302,815 182,679

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 112,500 112,500
Retained earnings 190,215 70,079
SHAREHOLDERS' FUNDS 302,815 182,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2024 and were signed by:





P Gubbay - Director


XBUILD LIMITED (REGISTERED NUMBER: 02547606)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

XBuild Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable during the year.

Tangible fixed assets
Tangible fixed assets represent freehold properties held for investment purposes. Such properties are disclosed at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£
COST OR VALUATION
At 1st December 2022
and 30th November 2023 165,000
NET BOOK VALUE
At 30th November 2023 165,000
At 30th November 2022 165,000

XBUILD LIMITED (REGISTERED NUMBER: 02547606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30th November 2023 is represented by:

Freehold
property
£
Valuation in 2017 150,000
Cost 15,000
165,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 488 1,750
Other debtors 131,096 68,742
Prepayments and accrued income 33 3,239
131,617 73,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors - 2,100
Other creditors 88 -
Accrued expenses 24,077 23,970
24,165 26,070

7. RELATED PARTY DISCLOSURES

During the year, the company paid £720 (2022 - £660) for accountancy services to a company of which Mr P Gubbay is a director.

8. ULTIMATE CONTROLLING PARTY

The company was under the control of its majority shareholder, Mr P Gubbay, during the year.