IRIS Accounts Production v24.2.0.383 04620989 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046209892022-12-31046209892023-12-31046209892023-01-012023-12-31046209892021-12-31046209892022-01-012022-12-31046209892022-12-3104620989ns15:EnglandWales2023-01-012023-12-3104620989ns14:PoundSterling2023-01-012023-12-3104620989ns10:Director12023-01-012023-12-3104620989ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104620989ns10:SmallEntities2023-01-012023-12-3104620989ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104620989ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104620989ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104620989ns10:FullAccounts2023-01-012023-12-3104620989ns10:Director32023-01-012023-12-3104620989ns10:Director42023-01-012023-12-3104620989ns10:CompanySecretary12023-01-012023-12-3104620989ns10:RegisteredOffice2023-01-012023-12-3104620989ns5:CurrentFinancialInstruments2023-12-3104620989ns5:CurrentFinancialInstruments2022-12-3104620989ns5:Non-currentFinancialInstruments2023-12-3104620989ns5:Non-currentFinancialInstruments2022-12-3104620989ns5:ShareCapital2023-12-3104620989ns5:ShareCapital2022-12-3104620989ns5:RevaluationReserve2023-12-3104620989ns5:RevaluationReserve2022-12-3104620989ns5:RetainedEarningsAccumulatedLosses2023-12-3104620989ns5:RetainedEarningsAccumulatedLosses2022-12-3104620989ns5:PlantMachinery2022-12-3104620989ns5:PlantMachinery2023-01-012023-12-3104620989ns5:PlantMachinery2023-12-3104620989ns5:PlantMachinery2022-12-3104620989ns5:AdditionsToInvestments2023-12-3104620989ns5:DisposalsRepaymentsInvestments2023-12-3104620989ns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3104620989ns5:CostValuation2023-12-3104620989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104620989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 04620989 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2023

FOR

XPAT LIMITED

XPAT LIMITED (REGISTERED NUMBER: 04620989)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


XPAT LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: D W Pohl
C Barnes
N Wilson





SECRETARY: N T Pohl





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 04620989 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

XPAT LIMITED (REGISTERED NUMBER: 04620989)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,542 2,097
Investments 5 54,402 -
56,944 2,097

CURRENT ASSETS
Debtors 6 109,395 171,917
Cash at bank 10,728 134,841
120,123 306,758
CREDITORS
Amounts falling due within one year 7 133,395 187,552
NET CURRENT (LIABILITIES)/ASSETS (13,272 ) 119,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,672

121,303

CREDITORS
Amounts falling due after more than one
year

8

-

(33,206

)

PROVISIONS FOR LIABILITIES (483 ) (399 )
NET ASSETS 43,189 87,698

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 2,104 -
Retained earnings 40,085 86,698
SHAREHOLDERS' FUNDS 43,189 87,698

The company is entitled to exemption from audit under Section 477 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 directors acknowledge their 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.

XPAT LIMITED (REGISTERED NUMBER: 04620989)

BALANCE SHEET - continued
31 December 2023


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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





D W Pohl - Director


XPAT LIMITED (REGISTERED NUMBER: 04620989)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

XPat 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

XPAT LIMITED (REGISTERED NUMBER: 04620989)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 8,163
Additions 1,591
At 31 December 2023 9,754
DEPRECIATION
At 1 January 2023 6,066
Charge for year 1,146
At 31 December 2023 7,212
NET BOOK VALUE
At 31 December 2023 2,542
At 31 December 2022 2,097

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 92,298
Disposals (40,000 )
Revaluations 2,104
At 31 December 2023 54,402
NET BOOK VALUE
At 31 December 2023 54,402

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2020 26,550
Valuation in 2021 93,179
Valuation in 2022 (119,729 )
Valuation in 2023 54,402
54,402

Fixed asset investments were valued on an open market basis on 31 December 2023 by Hargreaves Lansdown .

XPAT LIMITED (REGISTERED NUMBER: 04620989)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 48,240 10,182
Amounts owed by group undertakings 128 128
Other debtors 61,027 161,607
109,395 171,917

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 23,841
Trade creditors 13,123 56,814
Amounts owed to group undertakings 58,742 26,000
Taxation and social security 5,379 30,790
Other creditors 56,151 50,107
133,395 187,552

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 33,206