Company Registration No. 10922957 (England and Wales)
Xavi Group Limited
Unaudited accounts
for the year ended 31 January 2025
Xavi Group Limited
Unaudited accounts
Contents
Xavi Group Limited
Company Information
for the year ended 31 January 2025
Company Number
10922957 (England and Wales)
Registered Office
62 BROADLAND DRIVE
THORPE END
NORWICH
NR13 5BT
ENGLAND
Xavi Group Limited
Statement of financial position
as at 31 January 2025
Investment property
810,000
440,000
Cash at bank and in hand
1,465
27,679
Creditors: amounts falling due within one year
(43,024)
(1,502)
Net current (liabilities)/assets
(40,711)
52,912
Total assets less current liabilities
769,289
492,912
Creditors: amounts falling due after more than one year
(574,091)
(308,952)
Provisions for liabilities
Deferred tax
(23,309)
(21,247)
Net assets
171,889
162,713
Called up share capital
2,000
2,000
Profit and loss account
169,889
160,713
Shareholders' funds
171,889
162,713
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. 10922957
Xavi Group Limited
Notes to the Accounts
for the year ended 31 January 2025
Xavi Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10922957. 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.
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:
Computer equipment
25% straight line
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.
Investments in subsidiaries are measured at cost less accumulated impairment.
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, loans to related parties and investments in non-puttable ordinary shares.
All borrowing costs are recognised in the Income Statement in the period in which they are incurre
Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without 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 to known amounts of cash with insignificant risk of change in value.
Xavi Group Limited
Notes to the Accounts
for the year ended 31 January 2025
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4
Tangible fixed assets
Computer equipment
Fair value at 1 February 2024
440,000
Net gain from fair value adjustments
10,853
At 31 January 2025
810,000
The 2025 valuations were made by the the mortgage provider, on an open market value for existing use basis.
Amounts falling due within one year
Accrued income and prepayments
848
335
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
207
510
Loans from directors
41,000
-
Xavi Group Limited
Notes to the Accounts
for the year ended 31 January 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
574,091
308,952
Aggregate of amounts that fall due for payment after five years
574,091
308,952
The long term creditors represent borrowings against the properties owned by the company. The borrowings are secured against the property into which they relate.
9
Transactions with related parties
During the period, the company advanced £500 (2024: £nil) to an associated company, Xavi Properties Limited. The amount outstanding at the period end was £Nil (2024: £26,400). Interest was charged monthly on the balance of the loan. During the period £885 (2024: £1,830) was received.
Furthermore, during the period, the company incurred management charges of £2,280 (2024: £2,160) from an associated company Xavi
Management Limited.
Both Xavi Properties Limited and Xavi Management Limites are 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).