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REGISTERED NUMBER: 06942051 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Xian Investments Limited

Xian Investments Limited (Registered number: 06942051)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Xian Investments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A Gear
S Gear
M Gear





REGISTERED OFFICE: 100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE





REGISTERED NUMBER: 06942051 (England and Wales)





ACCOUNTANTS: Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE

Xian Investments Limited (Registered number: 06942051)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 940,000 940,000

CURRENT ASSETS
Stocks 18,278 14,804
Cash at bank 10,807 3,654
29,085 18,458
CREDITORS
Amounts falling due within one year 5 210,463 209,047
NET CURRENT LIABILITIES (181,378 ) (190,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

758,622

749,411

CREDITORS
Amounts falling due after more than one
year

6

(121,710

)

(132,181

)

PROVISIONS FOR LIABILITIES 8 (81,723 ) (81,723 )
NET ASSETS 555,189 535,507

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non-distributable reserve 10 366,598 366,598
Retained earnings 188,491 168,809
SHAREHOLDERS' FUNDS 555,189 535,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Xian Investments Limited (Registered number: 06942051)

Balance Sheet - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





M Gear - Director


Xian Investments Limited (Registered number: 06942051)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Xian Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Xian Investments Limited (Registered number: 06942051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 940,000
NET BOOK VALUE
At 30 June 2024 940,000
At 30 June 2023 940,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2013 78,702
Valuation in 2014 129,620
Valuation in 2015 50,000
Valuation in 2016 35,000
Valuation in 2018 15,000
Valuation in 2019 25,000
Valuation in 2020 50,000
Valuation in 2021 30,000
Valuation in 2022 (5,000 )
Valuation in 2023 40,000
Cost 491,678
940,000

If Investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 491,678 491,678

Investment property was valued on an open market basis on 30 June 2024 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 11,586 11,368
Taxation and social security 4,617 4,136
Other creditors 194,260 193,543
210,463 209,047

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 121,710 132,181

Xian Investments Limited (Registered number: 06942051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.6.24 30.6.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 75,366 86,709

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 133,296 143,549

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 81,723 81,723

Deferred
tax
£   
Balance at 1 July 2023 81,723
Movement in year
Balance at 30 June 2024 81,723

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Non-distributable
reserve
£   
At 1 July 2023
and 30 June 2024 366,598

The transfer between reserves represents the reclassification of investment property valuation gains and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation gains are not available for distribution to shareholders.

Revaluations £448,321 less deferred tax £81,723, non-distributable reserve £366,598.

Xian Investments Limited (Registered number: 06942051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors are the following amounts due to the directors:

A Gear £92,634 (2023 - £ 92,634)
S Gear £81,706 (2023 - £ 81,106)
M Gear £8,408 (2023 - £ 7,290)

These loans are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Xian Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Xian Investments Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Xian Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Xian Investments Limited and state those matters that we have agreed to state to the Board of Directors of Xian Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Xian Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Xian Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Xian Investments Limited. You consider that Xian Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Xian Investments 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.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


Date: .............................................