Registered number
10854290
XDL Investment Ltd
Filleted Accounts
31 July 2024
23 Saltwick Avenue
Newcastle upon Tyne
NE13 9AW
XDL Investment Ltd
Registered number: 10854290
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 142,591 137,571
Current assets
Cash at bank and in hand 85,738 88,687
Creditors: amounts falling due within one year 4 (1,108) (401)
Net current assets 84,630 88,286
Total assets less current liabilities 227,221 225,857
Creditors: amounts falling due after more than one year 5 (218,881) (218,981)
Net assets 8,340 6,876
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,339 6,875
Shareholders' funds 8,340 6,876
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Runhua Xi and Mrs. Shan Shan
Director
Approved by the board on 29 April 2025
XDL Investment Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings no depreciation
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 136,853 897 137,750
Additions 5,200 - 5,200
At 31 July 2024 142,053 897 142,950
Depreciation
At 1 August 2023 - 179 179
Charge for the year - 180 180
At 31 July 2024 - 359 359
Net book value
At 31 July 2024 142,053 538 142,591
At 31 July 2023 136,853 718 137,571
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 400 400
Taxation and social security costs 708 -
Other creditors - 1
1,108 401
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 218,881 218,981
218,881 218,981
6 Other information
XDL Investment Ltd is a private company limited by shares and incorporated in England. Its registered office is:
23 Saltwick Avenue
Newcastle
NE13 9AW
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