Company Registration No. 12231180 (England and Wales)
Xavi Properties Limited
Unaudited accounts
for the year ended 31 January 2025
Xavi Properties Limited
Unaudited accounts
Contents
Xavi Properties Limited
Company Information
for the year ended 31 January 2025
Company Number
12231180 (England and Wales)
Registered Office
62 BROADLAND DRIVE
THORPE END
NORWICH
NR13 5BT
ENGLAND
Accountants
Accountancy Plus & Payroll People Ltd
9 Langley Street
Langley
Norwich
Norfolk
NR14 6DE
Xavi Properties Limited
Statement of financial position
as at 31 January 2025
Investment property
865,000
610,000
Cash at bank and in hand
1,470
723
Creditors: amounts falling due within one year
(51,602)
(43,881)
Net current liabilities
(49,108)
(43,003)
Total assets less current liabilities
815,992
567,097
Creditors: amounts falling due after more than one year
(578,339)
(412,152)
Provisions for liabilities
Deferred tax
(15,050)
(10,300)
Net assets
222,603
144,645
Called up share capital
100
100
Profit and loss account
222,503
144,545
Shareholders' funds
222,603
144,645
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 18 July 2025 and were signed on its behalf by
M S Xavier
Director
Company Registration No. 12231180
Xavi Properties Limited
Notes to the Accounts
for the year ended 31 January 2025
Xavi Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12231180. 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
Xavi Properties Limited
Notes to the Accounts
for the year ended 31 January 2025
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.
Fair value at 1 February 2024
610,000
Net gain from fair value adjustments
29,968
At 31 January 2025
865,000
The 2025 valuations were undertaken by the directors.
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Investments
Subsidiary undertakings
Valuation at 1 February 2024
100
Valuation at 31 January 2025
100
Amounts falling due within one year
Accrued income and prepayments
1,024
155
7
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
100
26,500
Taxes and social security
2,637
2,015
Loans from directors
47,026
13,951
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
578,339
412,152
Aggregate of amounts that fall due for payment after five years
578,339
412,152
The long term creditors represent borrowings against the properties owned by the company. The borrowings are secured against the property into which they relate.
Xavi Properties Limited
Notes to the Accounts
for the year ended 31 January 2025
9
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 £500 (2024: £nil) from Xavi Group Limited. The amount due at the year end was £Nil (2024: £26,400). Interest is charged on a monthly basis. Interest charged in the period was £885 (2024: £1,830). Xavi Group Limited is associated by virtue of related directors.
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Average number of employees
During the year the average number of employees was 1 (2024: 1).