0 26 June 2024 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 14,529,480 7,880,648 22,410,128 22,410,128 14,529,480 xbrli:pure xbrli:shares iso4217:GBP NI072792 2023-01-01 2023-12-31 NI072792 2023-12-31 NI072792 2022-12-31 NI072792 2022-01-01 2022-12-31 NI072792 2022-12-31 NI072792 2021-12-31 NI072792 bus:Director5 2023-01-01 2023-12-31 NI072792 core:WithinOneYear 2023-12-31 NI072792 core:WithinOneYear 2022-12-31 NI072792 core:AfterOneYear 2022-12-31 NI072792 core:ShareCapital 2023-12-31 NI072792 core:ShareCapital 2022-12-31 NI072792 core:SharePremium 2023-12-31 NI072792 core:SharePremium 2022-12-31 NI072792 core:CapitalRedemptionReserve 2023-12-31 NI072792 core:CapitalRedemptionReserve 2022-12-31 NI072792 core:RetainedEarningsAccumulatedLosses 2023-12-31 NI072792 core:RetainedEarningsAccumulatedLosses 2022-12-31 NI072792 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 NI072792 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 NI072792 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 NI072792 core:Non-currentFinancialInstruments 2023-12-31 NI072792 core:Non-currentFinancialInstruments 2022-12-31 NI072792 bus:SmallEntities 2023-01-01 2023-12-31 NI072792 bus:Audited 2023-01-01 2023-12-31 NI072792 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI072792 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI072792 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: NI072792
Xperience Group Holdings Limited
Filleted Financial Statements
31 December 2023
Xperience Group Holdings Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Xperience Group Holdings Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
4
22,410,128
14,529,480
Current assets
Debtors
5
3,202
Creditors: amounts falling due within one year
6
18,781,810
10,612,960
-------------
-------------
Net current liabilities
18,778,608
10,612,960
-------------
-------------
Total assets less current liabilities
3,631,520
3,916,520
Creditors: amounts falling due after more than one year
7
285,000
------------
------------
Net assets
3,631,520
3,631,520
------------
------------
Capital and reserves
Called up share capital
125,505
125,505
Share premium account
1,525,653
1,525,653
Capital redemption reserve
84,490
84,490
Profit and loss account
1,895,872
1,895,872
------------
------------
Shareholders funds
3,631,520
3,631,520
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 26 June 2024 , and are signed on behalf of the board by:
Mr I O'Kane
Director
Xperience Group Holdings Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 11 Ferguson Drive, Knockmore Hill Industrial Park, Lisburn, BT28 2EX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2023
14,529,480
Additions
7,880,648
-------------
At 31 December 2023
22,410,128
-------------
Impairment
At 1 January 2023 and 31 December 2023
-------------
Carrying amount
At 31 December 2023
22,410,128
-------------
At 31 December 2022
14,529,480
-------------
5. Debtors
2023
2022
£
£
Other debtors
3,202
-------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
17,670,788
10,327,960
Other creditors
1,111,022
285,000
-------------
-------------
18,781,810
10,612,960
-------------
-------------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
285,000
----
---------
8. Summary audit opinion
The auditor's report dated 26 June 2024 was unqualified .
The senior statutory auditor was Ms E Mulholland , for and on behalf of Johnston Graham Limited .