Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09631408 Mr Xavier Sheriff Miss Gemma Ruse iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09631408 2023-04-30 09631408 2024-04-30 09631408 2023-05-01 2024-04-30 09631408 frs-core:CurrentFinancialInstruments 2024-04-30 09631408 frs-core:InvestmentPropertyIncludedWithinPPE 2024-04-30 09631408 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-30 09631408 frs-core:ShareCapital 2024-04-30 09631408 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09631408 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09631408 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09631408 frs-bus:SmallEntities 2023-05-01 2024-04-30 09631408 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09631408 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09631408 frs-bus:Director1 2023-05-01 2024-04-30 09631408 frs-bus:Director2 2023-05-01 2024-04-30 09631408 1 2023-05-01 2024-04-30 09631408 frs-countries:EnglandWales 2023-05-01 2024-04-30 09631408 2022-04-30 09631408 2023-04-30 09631408 2022-05-01 2023-04-30 09631408 frs-core:CurrentFinancialInstruments 2023-04-30 09631408 frs-core:ShareCapital 2023-04-30 09631408 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 09631408 1 2022-05-01 2023-04-30
Registered number: 09631408
XNG Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09631408
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,944,440 1,944,440
1,944,440 1,944,440
CURRENT ASSETS
Debtors 6 - 2,404
Cash at bank and in hand 63,056 132,504
63,056 134,908
Creditors: Amounts Falling Due Within One Year 7 (1,964,752 ) (2,063,051 )
NET CURRENT ASSETS (LIABILITIES) (1,901,696 ) (1,928,143 )
TOTAL ASSETS LESS CURRENT LIABILITIES 42,744 16,297
NET ASSETS 42,744 16,297
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 42,644 16,197
SHAREHOLDERS' FUNDS 42,744 16,297
Page 1
Page 2
For the year ending 30 April 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Xavier Sheriff
Director
16 January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
XNG Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 09631408 . The registered office is 5 Argall Avenue, London, England, E10 7QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
2.3. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising
from changes in fair value is recognised in profit or loss.
2.4. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 2 2
2 2
Page 3
Page 4
4. Prior Period Adjustment
During the preparation of the financial statements for the year ended 30 April 2024, it was identified that a loan from a related party previously classified as "falling due after more than one year" in the prior period financial statements should have been classified as "falling due within one year". This is to ensure consistency with the terms of the loan, as it is repayable on demand. 
The misclassification has been corrected by restating the comparative figures for the prior period. The impact of this restatement is as follows:
  • The loan previously reported under non-current liabilities has been reclassified to current liabilities.
  • This adjustment has no impact on the total net assets or profit & loss for the prior period.
  • The revised comparative figures are presented in these financial statements, ensuring compliance with FRS 102 Section 1A and providing a more accurate representation of the company's financial position as of the prior period's reporting date.
This restatement has been made to ensure consistency and transparency in the presentation of the company's financial statements. 
5. Tangible Assets
Investment Properties
£
Cost
As at 1 May 2023 1,944,440
As at 30 April 2024 1,944,440
Net Book Value
As at 30 April 2024 1,944,440
As at 1 May 2023 1,944,440
The company holds investment property which is measured at fair value in accordance with the requirements of FRS 102 Section 1A.
At the reporting date, the fair value of the investment property remains unchanged from the prior year. The valuation was based on management's assessment, considering market conditions and the current use of the property.
No independent external valuation was obtained during the year, as management believes there have been no material changes to the property or market conditions that would affect its fair value.
6. Debtors
2024 2023
as restated
£ £
Due within one year
Other debtors - 2,404
Page 4
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Amounts owed to group undertakings 1,850,440 1,848,640
Other creditors 107,328 214,411
Taxation and social security 6,984 -
1,964,752 2,063,051
8. Related Party Transactions
The amount due to a connected company under common control at the year end was £1,850,440 (2023: £1,848,640).
Interest has been charged at the rate of 1.8% per annum on the above loan and it is repayable on demand.
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