REGISTERED NUMBER: 04620989 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

XPAT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W Pohl

C Barnes

SECRETARY:

N T Pohl

REGISTERED OFFICE:

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

REGISTERED NUMBER:

04620989 (England and Wales)

ACCOUNTANTS:

the dt group

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Tangible assets

4

1,426

2,542

Investments

5

37,554

54,402

38,980

56,944

CURRENT ASSETS

Debtors

6

58,104

109,395

Cash at bank

12,880

10,728

70,984

120,123

CREDITORS

Amounts falling due within one year

7

65,505

133,395

NET CURRENT ASSETS/(LIABILITIES)

5,479

(13,272

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,459

43,672

PROVISIONS FOR LIABILITIES

271

483

NET ASSETS

44,188

43,189

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

3,272

2,104

Retained earnings

39,916

40,085

SHAREHOLDERS' FUNDS

44,188

43,189

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

D W Pohl - Director

1.	STATUTORY INFORMATION

XPat 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 as modified by the revaluation of certain assets.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised 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 year 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

9,754

DEPRECIATION

At 1 January 2024

7,212

Charge for year

1,116

At 31 December 2024

8,328

NET BOOK VALUE

At 31 December 2024

1,426

At 31 December 2023

2,542

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

54,402

Additions

10,299

Disposals

(28,316

)

Revaluations

1,169

At 31 December 2024

37,554

NET BOOK VALUE

At 31 December 2024

37,554

At 31 December 2023

54,402

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2020

26,550

Valuation in 2021

93,179

Valuation in 2022

(119,729

)

Valuation in 2023

54,402

Valuation in 2024

(16,848

)

37,554

Fixed asset investments were valued on an open market basis on 31 December 2024 by Hargreaves Lansdown .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

48,240

Amounts owed by group undertakings

-

128

Other debtors

58,104

61,027

58,104

109,395

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

662

13,123

Amounts owed to group undertakings

-

58,742

Taxation and social security

1,706

5,379

Other creditors

63,137

56,151

65,505

133,395

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mendaq Limited.

The ultimate controlling party is D W Pohl.