Registered number
12164345
XENIA ESTATES LTD
Unaudited Filleted Accounts
31 August 2024
XENIA ESTATES LTD
Registered number: 12164345
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 37,956 38,186
Investments 4 998 998
38,954 39,184
Current assets
Debtors 5 1,171,104 989,417
Cash at bank and in hand 38,979 40,456
1,210,083 1,029,873
Creditors: amounts falling due within one year 6 (604,267) (658,392)
Net current assets 605,816 371,481
Total assets less current liabilities 644,770 410,665
Creditors: amounts falling due after more than one year 7 (24,948) (30,548)
Net assets 619,822 380,117
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 618,822 379,117
Shareholders' funds 619,822 380,117
The director is 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 director acknowledges his 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.
Paul Wright
Director
Approved by the board on 27 March 2025
XENIA ESTATES LTD
Notes to the Accounts
for the year ended 31 August 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.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 4 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 17
3 Tangible fixed assets
Leasehold Improvements Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 17,000 36,036 53,036
Additions 6,263 4,934 11,197
At 31 August 2024 23,263 40,970 64,233
Depreciation
At 1 September 2023 - 14,850 14,850
Charge for the year - 11,427 11,427
At 31 August 2024 - 26,277 26,277
Net book value
At 31 August 2024 23,263 14,693 37,956
At 31 August 2023 17,000 21,186 38,186
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2023 998
At 31 August 2024 998
5 Debtors 2024 2023
£ £
Trade debtors 375,539 451,801
Other debtors 795,565 537,616
1,171,104 989,417
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,210 6,210
Trade creditors 46,766 292,380
Taxation and social security costs 177,791 147,597
Other creditors 373,500 212,205
604,267 658,392
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,948 30,548
8 Other information
XENIA ESTATES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2rb Marsland House
Marsland Road
Sale
Manchester
M33 3AQ
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