XVV Estates Ltd 12133159 false 2022-09-01 2023-12-31 2023-12-31 The principal activity of the company is that of buying, selling and management of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 12133159 2022-09-01 2023-12-31 12133159 2023-12-31 12133159 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-12-31 12133159 core:RetainedEarningsAccumulatedLosses 2023-12-31 12133159 core:RevaluationReserve 2023-12-31 12133159 core:ShareCapital 2023-12-31 12133159 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12133159 core:Non-currentFinancialInstruments 2023-12-31 12133159 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 12133159 core:FurnitureFittingsToolsEquipment 2023-12-31 12133159 bus:SmallEntities 2022-09-01 2023-12-31 12133159 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-12-31 12133159 bus:FilletedAccounts 2022-09-01 2023-12-31 12133159 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-12-31 12133159 bus:RegisteredOffice 2022-09-01 2023-12-31 12133159 bus:Director1 2022-09-01 2023-12-31 12133159 bus:Director2 2022-09-01 2023-12-31 12133159 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-09-01 2023-12-31 12133159 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-12-31 12133159 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-12-31 12133159 core:PlantMachinery 2022-09-01 2023-12-31 12133159 countries:England 2022-09-01 2023-12-31 12133159 2022-08-31 12133159 core:FurnitureFittingsToolsEquipment 2022-08-31 12133159 2021-09-01 2022-08-31 12133159 2022-08-31 12133159 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-08-31 12133159 core:RetainedEarningsAccumulatedLosses 2022-08-31 12133159 core:RevaluationReserve 2022-08-31 12133159 core:ShareCapital 2022-08-31 12133159 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 12133159 core:Non-currentFinancialInstruments 2022-08-31 12133159 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 12133159 core:FurnitureFittingsToolsEquipment 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12133159

XVV Estates Ltd

Unaudited Filleted Financial Statements

for the Period from 1 September 2022 to 31 December 2023

 

XVV Estates Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

XVV Estates Ltd

Company Information

Directors

Miss Gillian Astrella Crawford

Mr Joseph Robert Bennett

Registered office

Reservoir Lodge
Harrogate Road
Leeds
LS17 9JA

Accountants

Smith Butler
Accountants & Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

XVV Estates Ltd

(Registration number: 12133159)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

9,977

743

Investment property

5

1,917,472

1,061,238

 

1,927,449

1,061,981

Current assets

 

Cash at bank and in hand

 

42,989

87,208

Creditors: Amounts falling due within one year

6

(723,308)

(345,342)

Net current liabilities

 

(680,319)

(258,134)

Total assets less current liabilities

 

1,247,130

803,847

Creditors: Amounts falling due after more than one year

6

(1,118,976)

(660,710)

Net assets

 

128,154

143,137

Capital and reserves

 

Called up share capital

7

2

2

Revaluation reserve

170,774

170,774

Retained earnings

(42,622)

(27,639)

Shareholders' funds

 

128,154

143,137

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

XVV Estates Ltd

(Registration number: 12133159)
Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 15 September 2024 and signed on its behalf by:
 

.........................................
Miss Gillian Astrella Crawford
Director

.........................................
Mr Joseph Robert Bennett
Director

 

XVV Estates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Reservoir Lodge
Harrogate Road
Leeds
LS17 9JA

These financial statements were authorised for issue by the Board on 15 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

XVV Estates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 31 December 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

 

XVV Estates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

944

944

Additions

10,748

10,748

At 31 December 2023

11,692

11,692

Depreciation

At 1 September 2022

201

201

Charge for the period

1,514

1,514

At 31 December 2023

1,715

1,715

Carrying amount

At 31 December 2023

9,977

9,977

At 31 August 2022

743

743

5

Investment properties

2023
£

At 1 September

1,061,238

Additions

856,234

At 31 December

1,917,472

There has been no valuation of investment property by an independent valuer.

 

XVV Estates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2022 to 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

723,308

345,342

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

1,118,976

660,710

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

1,118,976

660,710