Company Registration No. 12456139 (England and Wales)
Xavi Management Limited
Unaudited accounts
for the year ended 31 January 2025
Xavi Management Limited
Unaudited accounts
Contents
Xavi Management Limited
Company Information
for the year ended 31 January 2025
Company Number
12456139 (England and Wales)
Registered Office
62 BROADLAND DRIVE
THORPE END
NORWICH
NR13 5BT
ENGLAND
Xavi Management Limited
Statement of financial position
as at 31 January 2025
Tangible assets
59,219
539
Cash at bank and in hand
2,136
11,943
Creditors: amounts falling due within one year
(7,769)
(12,071)
Net current (liabilities)/assets
(2,890)
440
Total assets less current liabilities
56,329
979
Creditors: amounts falling due after more than one year
(44,880)
-
Called up share capital
100
100
Profit and loss account
11,349
879
Shareholders' funds
11,449
979
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 July 2025 and were signed on its behalf by
M S Xavier
Director
Company Registration No. 12456139
Xavi Management Limited
Notes to the Accounts
for the year ended 31 January 2025
Xavi Management Limited is a private company, limited by shares, registered in England and Wales, registration number 12456139. The registered office is 62 BROADLAND DRIVE, THORPE END, NORWICH, NR13 5BT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The Directors have considered the Company's position at the time of signing of the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation the Company will have adequate resources to continue in operation existence for the foreseeable future and therefore continue to adopt the going concern basis in preparing these financial statements.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in ordinary shares.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash is represented by cash in hand and deposits with financial institutions repayable within penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible know amounts of cash with insignificant risk of change in value.
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transactions costs, and are measure subsequently at amortised cost using the effective interest method.
Xavi Management Limited
Notes to the Accounts
for the year ended 31 January 2025
Equity dividends are recognised when they become legally payable. Interim dividends are recognised when paid. Final dividends are recognised when approved by the shareholders.
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
-
1,623
1,623
At 31 January 2025
61,655
1,623
63,278
At 1 February 2024
-
1,084
1,084
Charge for the year
2,569
406
2,975
At 31 January 2025
2,569
1,490
4,059
At 31 January 2025
59,086
133
59,219
At 31 January 2024
-
539
539
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
100
100
Accrued income and prepayments
2,643
468
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
4,372
-
Taxes and social security
248
9,656
Loans from directors
1,264
1,415
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
44,880
-
The finance loan is secured against the asset to which it relates.
Xavi Management Limited
Notes to the Accounts
for the year ended 31 January 2025
8
Transactions with related parties
The company has taken advantage of the exemption in Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions with wholly owned companies within the group.
During the period the company received management charges of £2,280 (2024: £2,160) from an associated company Xavi Group Limited, by virtue of related directors.
The ultimate parent company is Xavi Properties Limited (12231180). The registered office is 62 Broadland Drive, Thorpe End, Norwich, England, NR13 5BT.
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Average number of employees
During the year the average number of employees was 1 (2024: 1).