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COMPANY REGISTRATION NUMBER: 06659833
XL Asset Management Limited
Filleted Unaudited Financial Statements
31 July 2024
XL Asset Management Limited
Statement of Financial Position
31 July 2024
2024
2023
£
£
£
Fixed assets
472
658
----
----
Current assets
1,360,304
749,246
Prepayments and accrued income
9,168
7,500
------------
---------
1,369,472
756,746
Creditors: amounts falling due within one year
373,238
168,337
------------
---------
Net current assets
996,234
588,409
---------
---------
Total assets less current liabilities
996,706
589,067
Accruals and deferred income
1,460
5,390
---------
---------
995,246
583,677
---------
---------
Capital and reserves
995,246
583,677
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
2. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
S H Bowder
( 113,725)
( 20,011)
10,548
( 123,188)
---------
--------
--------
---------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
S H Bowder
( 124,337)
( 17,038)
27,650
( 113,725)
---------
--------
--------
---------
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 2 December 2024 , and are signed on behalf of the board by:
S H Bowder
Director
Company registration number: 06659833
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bridgedale Farm, Drayton Road, Medbourne, Leicestershire, LE16 8DW.