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REGISTERED NUMBER: 08563165 (England and Wales)















Financial Statements for the Year Ended 29 June 2024

for

X1 Freeholders Limited

X1 Freeholders Limited (Registered number: 08563165)






Contents of the Financial Statements
for the Year Ended 29 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


X1 Freeholders Limited

Company Information
for the Year Ended 29 June 2024







DIRECTOR: Mrs L Smith





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 08563165 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

X1 Freeholders Limited (Registered number: 08563165)

Balance Sheet
29 June 2024

29.6.24 29.6.23
Notes £    £   
CURRENT ASSETS
Debtors 4 4,177,446 4,177,446
Cash at bank 1,930 1,930
4,179,376 4,179,376
CREDITORS
Amounts falling due within one year 5 4,151,829 4,151,829
NET CURRENT ASSETS 27,547 27,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,547

27,547

CREDITORS
Amounts falling due after more than one
year

6

33,510

33,510
NET LIABILITIES (5,963 ) (5,963 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (5,964 ) (5,964 )
SHAREHOLDERS' FUNDS (5,963 ) (5,963 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





Mrs L Smith - Director


X1 Freeholders Limited (Registered number: 08563165)

Notes to the Financial Statements
for the Year Ended 29 June 2024

1. STATUTORY INFORMATION

X1 Freeholders Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company was dormant throughout the year ended 29 June 2024. However, reference to information relating to the year ended 29 June 2023 has been made where appropriate.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Amounts owed by group undertakings 100,107 100,107
Other debtors 4,077,339 4,077,339
4,177,446 4,177,446

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.24 29.6.23
£    £   
Trade creditors 1,200 1,200
Other creditors 4,150,629 4,150,629
4,151,829 4,151,829

X1 Freeholders Limited (Registered number: 08563165)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.6.24 29.6.23
£    £   
Bank loans 33,510 33,510

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £834,097 by companies under common control and owed £130,404 to companies under common control. The loans are interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L Smith.