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Company Registration No. 11469892 (England and Wales)
Xp Property Ltd Unaudited accounts for the year ended 31 July 2024
Xp Property Ltd Unaudited accounts Contents
Page
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Xp Property Ltd Company Information for the year ended 31 July 2024
Directors
Benjamin Richards Jack Jiggens
Company Number
11469892 (England and Wales)
Registered Office
Central Suites 12-14 Hart Street Henley-on-Thames Oxfordshire RG9 2AU England
Accountants
P10 Accountancy Ltd 77A Richmond Road Twickenham TW1 3AW
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Xp Property Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
344 
- 
Investment property
250,000 
- 
Investments
585,004 
585,000 
835,348 
585,000 
Current assets
Inventories
25,569 
43,106 
Debtors
406,756 
385,012 
Cash at bank and in hand
1,347 
2,779 
433,672 
430,897 
Creditors: amounts falling due within one year
(922,902)
(616,682)
Net current liabilities
(489,230)
(185,785)
Total assets less current liabilities
346,118 
399,215 
Creditors: amounts falling due after more than one year
(347,088)
(180,000)
Net (liabilities)/assets
(970)
219,215 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,070)
219,115 
Shareholders' funds
(970)
219,215 
For the year ending 31 July 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by
Benjamin Richards Director Company Registration No. 11469892
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Xp Property Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Xp Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11469892. The registered office is Central Suites, 12-14 Hart Street, Henley-on-Thames, Oxfordshire, RG9 2AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Cash & cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Xp Property Ltd Notes to the Accounts for the year ended 31 July 2024
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
- 
Additions
399 
At 31 July 2024
399 
Depreciation
Charge for the year
55 
At 31 July 2024
55 
Net book value
At 31 July 2024
344 
5
Investment property
2024 
£ 
Additions
211,220 
Net gain from fair value adjustments
38,780 
At 31 July 2024
250,000 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2023
585,000 
Additions
4 
Valuation at 31 July 2024
585,004 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
6,874 
Trade debtors
22,338 
10,680 
Amounts due from group undertakings etc.
242,232 
237,049 
Accrued income and prepayments
12,014 
237 
Other debtors
130,172 
130,172 
406,756 
385,012 
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Xp Property Ltd Notes to the Accounts for the year ended 31 July 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,222 
27,000 
VAT
3,124 
- 
Trade creditors
4,183 
9,000 
Amounts owed to group undertakings and other participating interests
364,033 
241,268 
Taxes and social security
11,445 
11,074 
Other creditors
438,478 
237,641 
Loans from directors
90,257 
90,257 
Accruals
2,160 
442 
922,902 
616,682 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
347,088 
180,000 
10
Transactions with related parties
At the balance sheet date the company/was owed the following amount from related party companies: At the balance sheet date the company was due £8 (2023: £0.50) from St Helens Milling Company At the balance sheet date the company was due £16,520 (2023: £15,980) from Hyde End Road Developments Ltd At the balance sheet date the company was due £2,316 (2023: £2,318) from XP 2 Developments Ltd At the balance sheet date the company was due £94,362 (2023: £8,225) from XP Surveys Ltd At the balance sheet date the company was due £20,000 (2023: £33,750) from XP 5 Developments Ltd At the balance sheet date the company was due £96 from XP Group Holdings Ltd At the balance sheet date the company was due £35,000 from XP 10 Development At the balance sheet date the company was due £5 from Central Suites Limited At the balance sheet date the company owed £4 (2023: £6,000) to XP 6 Developments Ltd At the balance sheet date the company owed £510 (2023: £510) to XP Sonnet Developments Ltd At the balance sheet date the company owed £101,966 (2023: £87,000) to Aura Homes Ltd At the balance sheet date the company owed £152,208 (2023: £146,862) to XP Estates Ltd At the balance sheet date the company owed £84,345 to XP 9 Developments Ltd At the balance sheet date the company owed £25,000 to XP 3 Developments Ltd
11
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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