IRIS Accounts Production v25.1.4.42 08563165 director 30.6.24 31.12.24 31.12.24 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08563165 2024-06-29 08563165 2024-12-31 08563165 2024-06-30 2024-12-31 08563165 2023-06-29 08563165 2023-06-30 2024-06-29 08563165 2024-06-29 08563165 ns15:EnglandWales 2024-06-30 2024-12-31 08563165 ns14:PoundSterling 2024-06-30 2024-12-31 08563165 ns10:Director1 2024-06-30 2024-12-31 08563165 ns10:PrivateLimitedCompanyLtd 2024-06-30 2024-12-31 08563165 ns10:SmallEntities 2024-06-30 2024-12-31 08563165 ns10:AuditExempt-NoAccountantsReport 2024-06-30 2024-12-31 08563165 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-30 2024-12-31 08563165 ns10:SmallCompaniesRegimeForAccounts 2024-06-30 2024-12-31 08563165 ns10:FullAccounts 2024-06-30 2024-12-31 08563165 ns10:EntityHasNeverTraded 2024-06-30 2024-12-31 08563165 ns10:RegisteredOffice 2024-06-30 2024-12-31 08563165 ns5:CurrentFinancialInstruments 2024-12-31 08563165 ns5:CurrentFinancialInstruments 2024-06-29 08563165 ns5:Non-currentFinancialInstruments 2024-12-31 08563165 ns5:Non-currentFinancialInstruments 2024-06-29 08563165 ns5:ShareCapital 2024-12-31 08563165 ns5:ShareCapital 2024-06-29 08563165 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 08563165 ns5:RetainedEarningsAccumulatedLosses 2024-06-29 08563165 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 08563165 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-29

REGISTERED NUMBER: 08563165 (England and Wales)

Financial Statements for the Period 30 June 2024 to 31 December 2024

for

X1 Freeholders Limited

| X1 Freeholders Limited (Registered number: 08563165) |

Contents of the Financial Statements

for the Period 30 June 2024 to 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| X1 Freeholders Limited |

Company Information

for the Period 30 June 2024 to 31 December 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

31 December 2024

| 31.12.24 |  | 29.6.24

| 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 | 4,169,679 |  | 4,151,829 |  |

NET CURRENT ASSETS | 9,697 |  | 27,547 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 9,697 |  | 27,547 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 17,218 |  | 33,510 |  |

NET LIABILITIES | (7,521 | ) | (5,963 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (7,522 | ) | (5,964 | ) |

SHAREHOLDERS' FUNDS | (7,521 | ) | (5,963 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 18 September 2025 and were signed by:

Mrs L Smith - Director

| X1 Freeholders Limited (Registered number: 08563165) |

Notes to the Financial Statements

for the Period 30 June 2024 to 31 December 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.

| 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.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL (2024 - NIL).

| X1 Freeholders Limited (Registered number: 08563165) |

Notes to the Financial Statements - continued

for the Period 30 June 2024 to 31 December 2024

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 29.6.24

£ | £ |

| 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 |

| 31.12.24 |  | 29.6.24

£ | £ |

| Trade creditors | 1,200 |  | 1,200 |  |

| Other creditors | 4,168,479 |  | 4,150,629 |  |

4,169,679 |  | 4,151,829 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 29.6.24

£ | £ |

| Bank loans | 17,218 |  | 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.