Arrize XTech UK Limited |
Notes to the Accounts |
for the year ended 30 June 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Going concern |
|
The Company has net liabilities and is therefore dependent upon the continuing support of its creditors and director. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Other debtors |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other creditors |
1,467 |
|
917 |
|
|
|
|
|
|
|
|
|
|
5 |
Related party transactions |
|
|
At 30 June 2024, Arrize XTech UK Limited owed £1,202 (2023: £717) to Arrize Management (HK) Limited. |
|
|
6 |
Controlling party |
|
|
Arrize XTech UK Limited is owned 100% by Arrize xTech Fund I Limited, a Hong Kong registered company. |
|
|
7 |
Other information |
|
|
Arrize XTech UK Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
2 Hinksey Court |
|
Church Way |
|
Oxford |
|
Oxfordshire |
|
OX2 9SX |