Xepics Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08499152

		2024		2023
	Notes	€	€	€	€
FIXED ASSETS
Investments	4		320,000		320,000

			320,000		320,000
CURRENT ASSETS
Debtors	5	1,413,530		2,064,818
Cash at bank and in hand		384,988		6,691

		1,798,518		2,071,509
Creditors: Amounts Falling Due Within One Year	6	(581 )		(560,132 )

NET CURRENT ASSETS (LIABILITIES)			1,797,937		1,511,377

TOTAL ASSETS LESS CURRENT LIABILITIES			2,117,937		1,831,377

NET ASSETS			2,117,937		1,831,377

CAPITAL AND RESERVES
Called up share capital	7		1,200		1,200
Profit and Loss Account			2,116,737		1,830,177

SHAREHOLDERS' FUNDS			2,117,937		1,831,377

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Xepics Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Nava

Director

24/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Xepics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08499152 . The registered office is Northern & Shell Building, 8th Floor, 10, Lower Thames Street, London, EC3R 6AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: NIL)

4. Investments

	Unlisted
	€
Cost
As at 1 January 2024	320,000

As at 31 December 2024	320,000

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	320,000

As at 1 January 2024	320,000

The company detains the following participations:

- 100% Xepics SA, Lugano, Switzerland

- 100% Xepics Italia SRL, Perugia, Italy

5. Debtors

	2024	2023
	€	€
Due within one year
Trade debtors	183,530	-
Prepayments and accrued income	-	407,971
Other debtors	-	126,847

	183,530	534,818
Due after more than one year
Amounts owed by subsidiaries	1,230,000	1,530,000

	1,413,530	2,064,818

The figure owed by subsidiaries are related to loan to Xepics Italia Srl; Interest rate is charged on a commercial base and inserted in the profit and loss.

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Xepics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	€	€
Trade creditors	581	-
Other taxes and social security	-	511
Net wages	-	2,618
Other creditors (1)	-	149,032
Accruals and deferred income	-	407,971

	581	560,132

7. Share Capital

	2024	2023
	€	€
Allotted, Called up and fully paid	1,200	1,200

8. Dividends

	2024	2023
	€	€
On equity shares:
Interim dividend paid	160,000	-

Dividends

During the year ended 31 December 2024, the company declared and paid dividends of €160,000 (2023: €nil).

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