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Company Registration No. 12937845 (England and Wales)
XMD Property Ltd Unaudited accounts for the year ended 31 October 2023
XMD Property Ltd Unaudited accounts Contents
Page
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XMD Property Ltd Company Information for the year ended 31 October 2023
Director
Dale Andrew Watson
Company Number
12937845 (England and Wales)
Registered Office
23A BROAD LANE HUDDERSFIELD HD5 9BX ENGLAND
Accountants
HD Accountancy Services 23A, Broad Lane Moldgreen Huddersfield West Yorkshire HD5 9BX
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XMD Property Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,934 
8,667 
Investment property
215,493 
215,493 
222,427 
224,160 
Current assets
Debtors
- 
525 
Cash at bank and in hand
1,286 
5,149 
1,286 
5,674 
Creditors: amounts falling due within one year
(42,562)
(42,411)
Net current liabilities
(41,276)
(36,737)
Total assets less current liabilities
181,151 
187,423 
Creditors: amounts falling due after more than one year
(195,016)
(192,016)
Net liabilities
(13,865)
(4,593)
Capital and reserves
Share premium
1 
1 
Profit and loss account
(13,866)
(4,594)
Shareholders' funds
(13,865)
(4,593)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 28 October 2024 and were signed on its behalf by
Dale Andrew Watson Director Company Registration No. 12937845
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XMD Property Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
XMD Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12937845. The registered office is 23A BROAD LANE, HUDDERSFIELD, HD5 9BX, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2022
10,000 
At 31 October 2023
10,000 
Depreciation
At 1 November 2022
1,333 
Charge for the year
1,733 
At 31 October 2023
3,066 
Net book value
At 31 October 2023
6,934 
At 31 October 2022
8,667 
5
Investment property
2023 
£ 
Fair value at 1 November 2022
215,493 
At 31 October 2023
215,493 
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XMD Property Ltd Notes to the Accounts for the year ended 31 October 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
525 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
255 
Taxes and social security
- 
190 
Loans from directors
41,902 
40,966 
Accruals
660 
1,000 
42,562 
42,411 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
149,016 
149,016 
Other creditors
46,000 
43,000 
195,016 
192,016 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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