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X PROPERTY NE LTD

Registered Number
15472367
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2025

X PROPERTY NE LTD
Company Information
for the period from 7 February 2024 to 28 February 2025

Directors

LORD, Jacqueline
LORD, John Gordon

Registered Address

15 Riverside Studios Amethyst Road
Newcastle Business Park
Newcastle Upon Tyne
NE4 7YL

Registered Number

15472367 (England and Wales)
X PROPERTY NE LTD
Statement of Financial Position
28 February 2025

Notes

2025

£

£

Fixed assets
Tangible assets3453,938
453,938
Current assets
Debtors2,402
Cash at bank and on hand3,115
5,517
Creditors amounts falling due within one year(89)
Net current assets (liabilities)5,428
Total assets less current liabilities459,366
Creditors amounts falling due after one year(499,044)
Net assets(39,678)
Capital and reserves
Called up share capital100
Profit and loss account(39,778)
Shareholders' funds(39,678)
The financial statements were approved and authorised for issue by the Board of Directors on 23 April 2025, and are signed on its behalf by:
LORD, John Gordon
Director
Registered Company No. 15472367
X PROPERTY NE LTD
Notes to the Financial Statements
for the period ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery4
2.Average number of employees

2025
Average number of employees during the year1
3.Tangible fixed assets

Total

£
Cost or valuation
Additions453,997
At 28 February 25453,997
Depreciation and impairment
Charge for year59
At 28 February 2559
Net book value
At 28 February 25453,938
At 06 February 24-