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REGISTERED NUMBER: 12429640 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Photon Trading Ltd

Photon Trading Ltd (Registered number: 12429640)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Photon Trading Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTOR: Mr M J Donlevey





SECRETARY:





REGISTERED OFFICE: 128 City Road
London
EC1V 2NX





REGISTERED NUMBER: 12429640 (England and Wales)





ACCOUNTANTS: Bracey's Accountants Limited
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW

Photon Trading Ltd (Registered number: 12429640)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,385 7,152

CURRENT ASSETS
Debtors 5 11,628 680
Cash and cash equivalents 595,162 625,827
606,790 626,507
CREDITORS
Amounts falling due within one year 6 277,676 20,509
NET CURRENT ASSETS 329,114 605,998
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,499

613,150

CREDITORS
Amounts falling due after more than one
year

7

-

(266,963

)

PROVISIONS FOR LIABILITIES (2,041 ) (1,788 )
NET ASSETS 332,458 344,399

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 332,457 344,398
332,458 344,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:





Mr M J Donlevey - Director


Photon Trading Ltd (Registered number: 12429640)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

Photon Trading Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Photon Trading Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, XCO Investments Ltd, 128 City Road, London, United Kingdom, EC1V 2NX.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business.
Trade debtors are recognised at the transaction price.

Photon Trading Ltd (Registered number: 12429640)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


2. ACCOUNTING POLICIES - continued

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 9,230
Additions 825
Disposals (1,832 )
At 31 January 2025 8,223
DEPRECIATION
At 1 February 2024 2,078
Charge for year 1,261
Eliminated on disposal (501 )
At 31 January 2025 2,838
NET BOOK VALUE
At 31 January 2025 5,385
At 31 January 2024 7,152

5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Other debtors 11,357 680

Amounts falling due after more than one year:
Trade debtors 271 -

Aggregate amounts 11,628 680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 132 -
Taxation and social security 178,441 17,561
Other creditors 99,103 2,948
277,676 20,509

Photon Trading Ltd (Registered number: 12429640)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Taxation and social security - 266,963

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £2,122 to the Director (2023: £1,688). The loan is provided interest free and is repayable upon demand.

Summary of transactions with parent
At the year end date the company was owed £528 (2023 - £nil) by its parent company XCO Investments Limited. The loan is repayable on demand and is provided interest free.

Summary of transactions with entities with joint control or significant interest
At the year end the company was owed £252 (2023 - £nil) by Dumont Capital Limited (a company under common control). The loan is repayable on demand and is provided interest free.

9. ULTIMATE CONTROLLING PARTY

The controlling party is XCO Investments Ltd.