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REGISTERED NUMBER: 09273165 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

X1 The Terrace Limited

X1 The Terrace Limited (Registered number: 09273165)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


X1 The Terrace Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs L Smith





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 09273165 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

X1 The Terrace Limited (Registered number: 09273165)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 1,006,371 1,006,371

CREDITORS
Amounts falling due within one year 5 986,686 986,686
NET CURRENT ASSETS 19,685 19,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,685

19,685

PROVISIONS FOR LIABILITIES 860,000 860,000
NET LIABILITIES (840,315 ) (840,315 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (840,316 ) (840,316 )
SHAREHOLDERS' FUNDS (840,315 ) (840,315 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 August 2024 and were signed by:





Mrs L Smith - Director


X1 The Terrace Limited (Registered number: 09273165)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

X1 The Terrace 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company was dormant throughout the year ended 31 December 2023. However, reference to information relating to the year ended 31 December 2022 has been made where appropriate.

Significant judgements and estimates
The judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements are stated below:

Provisions
The directors have recognised a provision for the costs of works that are required to be carried out to make safe the cladding of the property to comply with government regulations. The cost of the works has been assessed by a third party.

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 375,243 375,243
Amounts owed by participating interests 302,420 302,420
Other debtors 328,708 328,708
1,006,371 1,006,371

X1 The Terrace Limited (Registered number: 09273165)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed to group undertakings 678,915 678,915
Other creditors 307,771 307,771
986,686 986,686

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

7. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no controlling party.

The parent company is Lightoak Investments Limited, a company registered in the Isle Of Man, group accounts are not required.