Company Registration No. 10684916 (England and Wales)
Xara International Ltd
Unaudited accounts
for the year ended 31 December 2023
Xara International Ltd
Unaudited accounts
Contents
Xara International Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr Abiola Adebayo
Mr Alexandre Dergatcheff
Company Number
10684916 (England and Wales)
Registered Office
4 Shandon Road
London
SW4 9HP
Accountants
Hampshire Accountancy Services
College Court
15 Bowen Lane
Petersfield
Hampshire
GU31 4DR
Xara International Ltd
Statement of financial position
as at 31 December 2023
Investments
538,650
538,650
Cash at bank and in hand
28,571
10,976
Creditors: amounts falling due within one year
66,132
52,287
Net current assets
151,924
120,484
Total assets less current liabilities
690,574
659,134
Creditors: amounts falling due after more than one year
(606,378)
(591,979)
Called up share capital
1,000
1,000
Profit and loss account
83,196
66,155
Shareholders' funds
84,196
67,155
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by
Mr Alexandre Dergatcheff
Director
Company Registration No. 10684916
Xara International Ltd
Notes to the Accounts
for the year ended 31 December 2023
Xara International Ltd is a private company, limited by shares, registered in England and Wales, registration number 10684916. The registered office is 4 Shandon Road, London, SW4 9HP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in shares are included at fair value.
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Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 January 2023
493,716
44,934
538,650
Valuation at 31 December 2023
493,716
44,934
538,650
Amounts falling due after more than one year
Other debtors
57,221
57,221
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Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
(176,376)
(162,423)
Other creditors
109,817
109,817
Xara International Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
606,378
591,979
8
Transactions with related parties
1)At the Balance Sheet date, AX Global Ltd (Parent Company) owed XARA International Ltd (Subsidiary) a total of 176,376gbp / 203,397euro's
2)At the Balance Sheet date, Xara International Ltd owed:
Fado two Ltd - 221,053gbp / 252,000euro's
Fado Three Ltd - 278,498gbp / 311,466euro's
Fado Four Ltd - 150,376gbp / 170,145euro's
Xara International Ltd is 100% owned by AX Global Ltd. Registered office is 161D Tower Road, Sliema, Malta, SLM 1603
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).