SXI Holdings Limited - Filleted accounts

Registered number

10671672

SXI Holdings Limited

Filleted Accounts

31 December 2024

SXI Holdings Limited
Registered number:		10671672
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		575,157			575,157
Investments	4		67,995			67,915
			643,152			643,072

Current assets
Debtors	5	771,667			533,439
Cash at bank and in hand		95,670			164,014
		867,337			697,453

Creditors: amounts falling due within one year	6	(6,755)			(4,240)

Net current assets			860,582			693,213

Total assets less current liabilities			1,503,734			1,336,285

Creditors: amounts falling due after more than one year	7		(377,025)			(371,823)



Net assets			1,126,709			964,462

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,126,609			964,362

Shareholder's funds			1,126,709			964,462

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S X Ioannou
Director
Approved by the board on 30 September 2025

SXI Holdings Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	1		1


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 January 2024			575,157
	At 31 December 2024			575,157

	Depreciation
	At 31 December 2024			-

	Net book value
	At 31 December 2024			575,157
	At 31 December 2023			575,157


4	Investments

Other
investments
£
	Cost
	At 1 January 2024			67,915
	Additions			80

	At 31 December 2024			67,995


5	Debtors	2024		2023
£			£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest	771,667		533,439


6	Creditors: amounts falling due within one year	2024		2023
£			£

	Directors loan account	4,755		2,240
	Accruals	2,000		2,000
		6,755		4,240


7	Creditors: amounts falling due after one year	2024		2023
£			£

	Bank loans	377,025		371,823


8	Controlling party

	The controlling party is S X Ioannou, the sole director who owns 100% of the issued share capital.


9	Other information

	SXI Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Regent Suite ,1 Old Court Mews
	311a Chase Road
	London
	N14 6JS