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Company Registration No. 11314620 (England and Wales)
IXL Events Centre Limited Unaudited accounts for the year ended 31 December 2023
IXL Events Centre Limited Unaudited accounts Contents
Page
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IXL Events Centre Limited Company Information for the year ended 31 December 2023
Director
A Lakhani
Company Number
11314620 (England and Wales)
Registered Office
UNIT E BELGRAVE INDUSTRIAL CENTRE MACDONALD ROAD LEICESTER LEICESTERSHIRE LE4 5HD UNITED KINGDOM
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IXL Events Centre Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,060 
81,063 
Current assets
Cash at bank and in hand
382,667 
126,464 
Creditors: amounts falling due within one year
(758,224)
(564,097)
Net current liabilities
(375,557)
(437,633)
Total assets less current liabilities
(300,497)
(356,570)
Creditors: amounts falling due after more than one year
(18,410)
(28,333)
Net liabilities
(318,907)
(384,903)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(318,908)
(384,904)
Shareholders' funds
(318,907)
(384,903)
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 his 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 11 September 2024 and were signed on its behalf by
A Lakhani Director Company Registration No. 11314620
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IXL Events Centre Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
IXL Events Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 11314620. The registered office is UNIT E BELGRAVE INDUSTRIAL CENTRE, MACDONALD ROAD, LEICESTER, LEICESTERSHIRE, LE4 5HD, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
50,028 
75,019 
125,047 
Additions
956 
- 
956 
At 31 December 2023
50,984 
75,019 
126,003 
Depreciation
At 1 January 2023
- 
43,984 
43,984 
Charge for the year
- 
6,959 
6,959 
At 31 December 2023
- 
50,943 
50,943 
Net book value
At 31 December 2023
50,984 
24,076 
75,060 
At 31 December 2022
50,028 
31,035 
81,063 
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IXL Events Centre Limited Notes to the Accounts for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,923 
10,156 
Trade creditors
71,353 
151,488 
Amounts owed to group undertakings and other participating interests
362,427 
297,312 
Taxes and social security
24,986 
11,296 
Other creditors
195,690 
- 
Loans from directors
93,845 
93,845 
758,224 
564,097 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,410 
28,333 
7
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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