ACCOUNTS - Final Accounts preparation

Company registration number: 13822413

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 JULY 2024

	XLP HOLDINGS LIMITED


XLP HOLDINGS LIMITED

COMPANY INFORMATION

Directors	Mr J C Lucas
	Mrs D Lucas


Company secretary	Mr J C Lucas


Registered number	13822413


Registered office	Elstead House
	Mill Lane
	Alton
	Hampshire
	GU34 2QJ


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor
	Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


XLP HOLDINGS LIMITED

CONTENTS

	Page
Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3 - 4


XLP HOLDINGS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF XLP HOLDINGS LIMITED
FOR THE PERIOD ENDED 31 JULY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of XLP Holdings Limited for the period ended 31 July 2024 which comprise the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given to us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at:
www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of XLP Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of XLP Holdings Limited and state those matters that we have agreed to state to the Board of Directors of XLP Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than XLP Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that XLP Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit or loss. You consider that XLP Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of XLP Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

$AccRepSigner

Menzies LLP

Chartered Accountants

2nd Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ

7 April 2025

$AccRepSignerDate

Page 1


XLP HOLDINGS LIMITED REGISTERED NUMBER:13822413

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		5,637,099		5,637,099
			5,637,099		5,637,099
Current assets
Debtors: amounts falling due within one year	5	4,384		4,384
		4,384		4,384
Total assets less current liabilities			5,641,483		5,641,483

Net assets			5,641,483		5,641,483

Capital and reserves
Called up share capital	5,641,483	5,641,483
	5,641,483	5,641,483

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr J C Lucas

Director

Date: 5 April 2025

The notes on pages 3 to 4 form part of these financial statements.

Page 2


XLP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2024

1.	General information

XLP Holdings Limited is a private company limited by shares, incorporated in the United Kingdom under the Companies Act 2006, and registered in England and Wales. The address of the registered office and principal place of activity can be found on the company Information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 August 2023 and at 31 July 2024	5,637,099

Page 3


XLP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2024

Debtors

					2024	2023
					£	£


Other debtors	4,384	4,384
	4,384	4,384

6.	Ultimate controlling party

The company was under the control of Mr J. C. Lucas throughout the current and previous year, by virtue of being
majority shareholder.

Page 4