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REGISTERED NUMBER: SC352446 (Scotland)
















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Xpress Private Hire Limited

Xpress Private Hire Limited (Registered number: SC352446)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Xpress Private Hire Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J Cassidy
M Cassidy





SECRETARY: M Cassidy





REGISTERED OFFICE: 145 St. Vincent Street
GLASGOW
G2 5JF





REGISTERED NUMBER: SC352446 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Xpress Private Hire Limited (Registered number: SC352446)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Investments 4 2,254,665 2,254,665

CURRENT ASSETS
Debtors 5 15,131,080 14,987,080

CREDITORS
Amounts falling due within one year 6 (41,280 ) (41,280 )
NET CURRENT ASSETS 15,089,800 14,945,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,344,465

17,200,465

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 17,344,462 17,200,462
SHAREHOLDERS' FUNDS 17,344,465 17,200,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 8 October 2024 and were signed on its behalf by:





J Cassidy - Director


Xpress Private Hire Limited (Registered number: SC352446)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Xpress Private Hire Limited is a private company, limited by shares , registered in Scotland. 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 2,254,665
NET BOOK VALUE
At 30 November 2023 2,254,665
At 30 November 2022 2,254,665

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 15,131,080 14,987,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 41,280 41,280

Xpress Private Hire Limited (Registered number: SC352446)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. RELATED PARTY DISCLOSURES

£5,301,674 (2023: £5,366,167) was due by Xpress Transport Limited at the year end, a company in which M. Cassidy is a director.

£275,571 (2022: £275,571) was due by Meridian Property (Scotland) Limited at the year end, a company in which M. Cassidy is a director.

£3,962,213 (2022: £3,512,546) was due by Kasper Investments Limited, a company in which J. Cassidy is a director and shareholder.

£5,590,623 (2022: £5,831,797) was due by Rydil Management Limited, a company in which R. Baxter is a director and shareholder.