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Registered number: 11175725
XX Advantage Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Ashfield Accountancy
C/O Ashfield Accountancy
First Floor, 33 Chertsey Road
Woking
Surrey
GU21 5AJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11175725
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18 27
Investments 5 179,401 111,314
179,419 111,341
CURRENT ASSETS
Cash at bank and in hand 202,966 254,593
202,966 254,593
Creditors: Amounts Falling Due Within One Year 6 (160,738 ) (146,360 )
NET CURRENT ASSETS (LIABILITIES) 42,228 108,233
TOTAL ASSETS LESS CURRENT LIABILITIES 221,647 219,574
NET ASSETS 221,647 219,574
CAPITAL AND RESERVES
Called up share capital 7 130 130
Revaluation reserve 8 16,181 -
Profit and Loss Account 205,336 219,444
SHAREHOLDERS' FUNDS 221,647 219,574
Page 1
Page 2
For the year ending 31 January 2025 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 Oday Abdul Latif
Director
Ms Melinda Wallman
Director
13 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
XX Advantage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11175725 . The registered office is c/o Ashfield Accountancy, First Floor 33 Chertsey Road, Woking, GU21 5AJ.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2024 300
As at 31 January 2025 300
Depreciation
As at 1 February 2024 273
Provided during the period 9
As at 31 January 2025 282
Net Book Value
As at 31 January 2025 18
As at 1 February 2024 27
5. Investments
Listed Unlisted Other Total
£ £ £ £
Cost
As at 1 February 2024 65,681 57,452 - 123,133
Additions - - 40,087 40,087
Revaluations - - 16,181 16,181
As at 31 January 2025 65,681 57,452 56,268 179,401
Provision
As at 1 February 2024 - - 11,819 11,819
Added in period - - (11,819 ) (11,819 )
As at 31 January 2025 - - - -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2025 65,681 57,452 56,268 179,401
As at 1 February 2024 65,681 57,452 (11,819 ) 111,314
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 40,752 37,767
Accruals and deferred income 1,554 1,554
Directors' loan accounts 118,432 107,039
160,738 146,360
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 130 130
8. Reserves
Revaluation Reserve
£
Surplus on revaluation 16,181
As at 31 January 2025 16,181
Page 4