IRIS Accounts Production v24.2.0.383 07618723 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 0.01000 Redeemable A 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076187232022-12-31076187232023-12-31076187232023-01-012023-12-31076187232021-12-31076187232022-01-012022-12-31076187232022-12-3107618723ns15:EnglandWales2023-01-012023-12-3107618723ns14:PoundSterling2023-01-012023-12-3107618723ns10:Director12023-01-012023-12-3107618723ns10:Director22023-01-012023-12-3107618723ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107618723ns10:SmallEntities2023-01-012023-12-3107618723ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107618723ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107618723ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107618723ns10:FullAccounts2023-01-012023-12-3107618723ns10:OrdinaryShareClass12023-01-012023-12-3107618723ns10:OrdinaryShareClass22023-01-012023-12-3107618723ns10:Director32023-01-012023-12-3107618723ns10:RegisteredOffice2023-01-012023-12-3107618723ns5:CurrentFinancialInstruments2023-12-3107618723ns5:CurrentFinancialInstruments2022-12-3107618723ns5:ShareCapital2023-12-3107618723ns5:ShareCapital2022-12-3107618723ns5:SharePremium2023-12-3107618723ns5:SharePremium2022-12-3107618723ns5:CapitalRedemptionReserve2023-12-3107618723ns5:CapitalRedemptionReserve2022-12-3107618723ns5:RetainedEarningsAccumulatedLosses2023-12-3107618723ns5:RetainedEarningsAccumulatedLosses2022-12-3107618723ns5:PlantMachinery2022-12-3107618723ns5:PlantMachinery2023-01-012023-12-3107618723ns5:PlantMachinery2023-12-3107618723ns5:PlantMachinery2022-12-3107618723ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107618723ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3107618723ns10:OrdinaryShareClass12023-12-3107618723ns10:OrdinaryShareClass22023-12-3107618723ns5:RetainedEarningsAccumulatedLosses2022-12-3107618723ns5:SharePremium2022-12-3107618723ns5:CapitalRedemptionReserve2022-12-3107618723ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 07618723 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Xanadu Trading Limited

Xanadu Trading Limited (Registered number: 07618723)






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


Xanadu Trading Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs A P Burkart
A Parashar
F L Burkart





REGISTERED OFFICE: The Barn
Lambourne Road
Chigwell
Essex
IG7 6JB





REGISTERED NUMBER: 07618723 (England and Wales)





ACCOUNTANTS: Crossley and Co.
122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW

Xanadu Trading Limited (Registered number: 07618723)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 685

CURRENT ASSETS
Debtors 5 35,318 27,764
Investments 6 1,167,092 695,559
Cash at bank 147,372 313,852
1,349,782 1,037,175
CREDITORS
Amounts falling due within one year 7 - 6,180
NET CURRENT ASSETS 1,349,782 1,030,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,349,782

1,031,680

ACCRUALS AND DEFERRED INCOME (488 ) -
NET ASSETS 1,350,270 1,031,680

CAPITAL AND RESERVES
Called up share capital 9 141 141
Share premium 10 1,520,584 1,520,584
Capital redemption reserve 10 40 40
Retained earnings 10 (170,495 ) (489,085 )
SHAREHOLDERS' FUNDS 1,350,270 1,031,680

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.

Xanadu Trading Limited (Registered number: 07618723)

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 21 September 2024 and were signed on its behalf by:




F L Burkart - Director



A Parashar - Director


Xanadu Trading Limited (Registered number: 07618723)

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

1. STATUTORY INFORMATION

Xanadu Trading 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 gross trading profit/loss from derivatives trading and excludes 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Xanadu Trading Limited (Registered number: 07618723)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 685
Disposals (685 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 685

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 35,313 27,764
VAT 5 -
35,318 27,764

6. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Financial assets at fair value through profit or loss 1,167,092 695,559

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accrued expenses - 6,180

8. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS

Financial assets and liabilities at fair value through profit or loss are financial instruments held for trading. A financial instrument is classified in this category if acquired principally for the purpose of selling in the short term. Derivatives are also categorised as held for trading unless they are designated as hedges. Financial instruments in this category are classified as current instruments if expected to be settled within 12 months, otherwise, they are classified as non-current.

Financial instruments carried at fair value through profit or loss are initially recognised at fair value on trade date, and transaction costs are expensed in the income statement. Financial instruments are derecognised when the rights to receive cash flows from the investments have expired or have been transferred and the company has transferred substantially all risks and rewards of ownership.

Gains or losses arising from changes in the fair value of the financial instruments at fair value through profit or loss category are presented in the income statement within turnover.

Xanadu Trading Limited (Registered number: 07618723)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
6,000 Ordinary £0.01 61 60
8,055 Redeemable A 0.01 80 81
141 141

During the period ending 31st December 2021, the company bought back 4,000 Ordinary Shares for a total consideration of £1,417,880.

10. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 January 2023 (489,085 ) 1,520,584 40 1,031,539
Profit for the year 318,590 318,590
At 31 December 2023 (170,495 ) 1,520,584 40 1,350,129