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Company Registration No. 10537682 (England and Wales)
XEN ACCOUNTANTS LTD Unaudited accounts for the year ended 29 November 2023
XEN ACCOUNTANTS LTD Unaudited accounts Contents
Page
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XEN ACCOUNTANTS LTD Company Information for the year ended 29 November 2023
Director
Muhammad Shahbaz Mukhtar
Company Number
10537682 (England and Wales)
Registered Office
102 A COMMERCIAL STREET NEWPORT NP20 1LU UNITED KINGDOM
Accountants
XEN ACCOUNTANTS LTD 102 A COMMERCIAL STREET NEWPORT NP20 1LU
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XEN ACCOUNTANTS LTD Statement of financial position as at 29 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,503 
2,904 
Investment property
42,000 
42,000 
43,503 
44,904 
Current assets
Debtors
6,550 
8,400 
Cash at bank and in hand
(9,770)
(9,397)
(3,220)
(997)
Creditors: amounts falling due within one year
(1,570)
(1,236)
Net current liabilities
(4,790)
(2,233)
Total assets less current liabilities
38,713 
42,671 
Creditors: amounts falling due after more than one year
(38,400)
(41,840)
Net assets
313 
831 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(687)
(169)
Shareholders' funds
313 
831 
For the year ending 29 November 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 19 November 2024 and were signed on its behalf by
Muhammad Shahbaz Mukhtar Director Company Registration No. 10537682
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XEN ACCOUNTANTS LTD Notes to the Accounts for the year ended 29 November 2023
1
Statutory information
XEN ACCOUNTANTS LTD is a private company, limited by shares, registered in England and Wales, registration number 10537682. The registered office is 102 A COMMERCIAL STREET, NEWPORT, NP20 1LU, UNITED KINGDOM.
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:
Fixtures & fittings
15% On Cost
Computer equipment
20% Reducing Balance Method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 30 November 2022
4,500 
3,630 
8,130 
At 29 November 2023
4,500 
3,630 
8,130 
Depreciation
At 30 November 2022
2,700 
2,526 
5,226 
Charge for the year
675 
726 
1,401 
At 29 November 2023
3,375 
3,252 
6,627 
Net book value
At 29 November 2023
1,125 
378 
1,503 
At 29 November 2022
1,800 
1,104 
2,904 
5
Investment property
2023 
£ 
Fair value at 30 November 2022
42,000 
At 29 November 2023
42,000 
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XEN ACCOUNTANTS LTD Notes to the Accounts for the year ended 29 November 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
6,550 
8,400 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,570 
1,236 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
37,650 
41,250 
Taxes and social security
750 
590 
38,400 
41,840 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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