XR GLOBAL (UK) LIMITED

Company Registration Number:
04691908 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

XR GLOBAL (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

XR GLOBAL (UK) LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activities of XR GLOBAL (UK) LIMITED (‘the Company’) are: The provision of technology solutions to validate, transmit and provide intelligence on all forms of digital media from short form to long form content; and The provision of advice, outsourced services and technology solutions to the advertising industry to reduce the costs of the advertising supply chain. The company provides management services to other group companies which are recharged.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

M. Lee


The director shown below has held office during the period of
1 January 2023 to 30 May 2023

T. Conley


The director shown below has held office during the period of
1 January 2023 to 18 April 2023

S. Streeter


The directors shown below have held office during the period of
18 April 2023 to 31 December 2023

D. Mark
T. Emly


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 February 2025

And signed on behalf of the board by:
Name: M. Lee
Status: Director

XR GLOBAL (UK) LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 19,710,560 22,361,468
Cost of sales: ( 14,350,880 ) ( 15,454,867 )
Gross profit(or loss): 5,359,680 6,906,601
Distribution costs: ( 289,581 ) ( 243,778 )
Administrative expenses: ( 5,759,092 ) ( 5,974,766 )
Other operating income: 0
Operating profit(or loss): (688,993) 688,057
Interest receivable and similar income: 10,288 422,105
Interest payable and similar charges: ( 75,733 ) ( 61,917 )
Profit(or loss) before tax: (754,438) 1,048,245
Tax: ( 151,183 ) ( 10,581 )
Profit(or loss) for the financial year: (905,621) 1,037,664

XR GLOBAL (UK) LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 124,872 450,584
Tangible assets: 4 277,464 396,798
Investments: 5 2,588,371 2,588,371
Total fixed assets: 2,990,707 3,435,753
Current assets
Debtors: 6 11,489,045 12,604,125
Cash at bank and in hand: 677,762 666,013
Total current assets: 12,166,807 13,270,138
Creditors: amounts falling due within one year: 7 ( 15,556,306 ) ( 13,393,249 )
Net current assets (liabilities): (3,389,499) (123,111)
Total assets less current liabilities: (398,792) 3,312,642
Creditors: amounts falling due after more than one year: 8 ( 271,336 )
Provision for liabilities: ( 124,721 ) ( 473,652 )
Accruals and deferred income: ( 271,337 ) ( 650,392 )
Total net assets (liabilities): (794,850) 1,917,262
Capital and reserves
Called up share capital: 10,000 10,000
Other reserves: (1,806,491)
Profit and loss account: 1,001,641 1,907,262
Total Shareholders' funds: ( 794,850 ) 1,917,262

The notes form part of these financial statements

XR GLOBAL (UK) LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 27 February 2025
and signed on behalf of the board by:

Name: M. Lee
Status: Director

The notes form part of these financial statements

XR GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

XR GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 110 118

XR GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 1,608,278 1,608,278
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 1,608,278 1,608,278
Amortisation
At 1 January 2023 1,157,694 1,157,694
Charge for year 325,712 325,712
On disposals
Other adjustments
At 31 December 2023 1,483,406 1,483,406
Net book value
At 31 December 2023 124,872 124,872
At 31 December 2022 450,584 450,584

XR GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 1,093,738 6,764,256 7,857,994
Additions 4,640 83,090 87,730
Disposals
Revaluations
Transfers
At 31 December 2023 1,098,378 6,847,346 7,945,724
Depreciation
At 1 January 2023 924,845 6,536,351 7,461,196
Charge for year 107,112 99,952 207,064
On disposals
Other adjustments
At 31 December 2023 1,031,957 6,636,303 7,668,260
Net book value
At 31 December 2023 66,421 211,043 277,464
At 31 December 2022 168,893 227,905 396,798

XR GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed assets investments note

Property, plant and equipment is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to the income statement during the financial period in which they are incurred. The Company recognises right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Depreciation is calculated using the straight-line method to allocate their cost or revalued amounts, net of their residual values, over their estimated useful lives or, in the case of leasehold improvements and certain leased plant and equipment, the shorter lease term as follows: Leasehold property – 3 years or over the life of the lease, whichever is shorter Plant and machinery – 4 years The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. Right-of-use assets are depreciated over the shorter of the assets expected useful life and the lease term on a straight-line basis unless the lease is expected to transfer ownership of the underlying asset to the Company in which case the asset is depreciated to the end of the useful life of the asset. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount, and they are recognised within ‘Other (expense)/income’ in the income statement.

XR GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
£ £
Trade debtors 1,304,866 2,056,041
Prepayments and accrued income 1,405,474 1,314,903
Other debtors 8,778,705 9,233,181
Total 11,489,045 12,604,125

XR GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 760,551 400,985
Taxation and social security 367,176 498,817
Accruals and deferred income 1,033,879 1,014,080
Other creditors 13,394,700 11,479,367
Total 15,556,306 13,393,249

XR GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

  2022
  £
Other creditors 271,336
Total   271,336

XR GLOBAL (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

9. Financial Commitments

On 31 December, the Company had future minimum rentals payable under non-cancellable operating leases for operating and office equipment as set out below: Not later than one year: 2022: GBP 14,109 2023: GBP 0