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Registered Number: 07473282
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2024

for

XP GROUP LTD

Directors Iyas Anis ALQASEM
Philip Stephen GAULT
Liam MCDOWELL
Registered Number 07473282
Registered Office 42 York Street
Twickenham
TW1 3BW
Accountants TBLC Limited
Dunsford
Chapel Croft
Chipperfield
WD4 9EH
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3   21,697 
  21,697 
Current assets      
Debtors 4 67,147    10,799 
Cash at bank and in hand 19,848    26,173 
86,995    36,972 
Creditors: amount falling due within one year 5 (61,508)   (40,480)
Net current assets 25,487    (3,508)
 
Total assets less current liabilities 25,487    18,189 
Net assets 25,487    18,189 
 

Capital and reserves
     
Called up share capital 360    1 
Profit and loss account 25,127    18,188 
Shareholders' funds 25,487    18,189 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 May 2025 and were signed on its behalf by:


-------------------------------
Iyas Anis ALQASEM
Director
2
General Information
XP Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 07473282, registration address 42 York Street, Twickenham, TW1 3BW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25 Straight Line
Computer Equipment 50 Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 January 2024 41,990    4,000    45,990 
Additions    
Disposals (41,990)     (41,990)
At 31 December 2024   4,000    4,000 
Depreciation
At 01 January 2024 21,870    2,423    24,293 
Charge for year 4,374    1,577    5,951 
On disposals (26,244)     (26,244)
At 31 December 2024   4,000    4,000 
Net book values
Closing balance as at 31 December 2024    
Opening balance as at 01 January 2024 20,120    1,577    21,697 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 4,860    8,916 
Prepayments & Accrued Income 60,001   
Other Debtors 2,286    1,883 
67,147    10,799 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 8,640   
Taxation & Social Security 8,066    12,392 
Accrued Expenses 22,000    6,580 
Other Creditors 22,000    4,771 
Directors' Current Accounts 802    16,737 
61,508    40,480 

6.

Share Capital

On 1st October 2024 the company's shares were subdivided from £1 per share to 1p per share and an additional 35,900 shares of 1p each were issued at par.
3