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Company Registration No. 01783811 (England and Wales)
Xetrov Property Limited Unaudited accounts for the year ended 31 December 2024
Xetrov Property Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Xetrov Property Limited Company Information for the year ended 31 December 2024
Directors
Spencer Charles Burnham Ashleigh Ruxton
Company Number
01783811 (England and Wales)
Registered Office
Xetrov House Browns Road Daventry NN11 4NS
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Xetrov Property Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
15,584 
1,635 
Investment property
5
5,595,032 
5,595,032 
5,610,616 
5,596,667 
Current assets
Debtors
6
599,212 
512,710 
Creditors: amounts falling due within one year
7
(82,114)
(36,689)
Net current assets
517,098 
476,021 
Total assets less current liabilities
6,127,714 
6,072,688 
Creditors: amounts falling due after more than one year
8
(2,776,389)
(2,769,000)
Net assets
3,351,325 
3,303,688 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
3,228,860 
3,228,860 
Profit and loss account
122,365 
74,728 
Shareholders' funds
3,351,325 
3,303,688 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by
Ashleigh Ruxton Director Company Registration No. 01783811
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Xetrov Property Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Xetrov Property Limited is a private company, limited by shares, registered in England and Wales, registration number 01783811. The registered office is Xetrov House, Browns Road, Daventry, NN11 4NS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Grants received in the year are in relation to the Coronovirus Job Retention Scheme and have been recognised as income in the year.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. No deferred tax has been calculated on the assets as there is no intention to sell the investment property.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation has not been provided for as there is no intentional to sell the property.
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Xetrov Property Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
- 
18,835 
3,083 
21,918 
Additions
18,374 
- 
- 
18,374 
At 31 December 2024
18,374 
18,835 
3,083 
40,292 
Depreciation
At 1 January 2024
- 
18,118 
2,165 
20,283 
Charge for the year
3,369 
717 
339 
4,425 
At 31 December 2024
3,369 
18,835 
2,504 
24,708 
Net book value
At 31 December 2024
15,005 
- 
579 
15,584 
At 31 December 2023
- 
717 
918 
1,635 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
15,005 
- 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
5,595,032 
At 31 December 2024
5,595,032 
The property was valued at £3,290,000 on 24th August 2022. The valuation was carried out by Chris Monkhouse MRICS MCIWM, RICS Registered Valuer of Knight Frank.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
15,000 
Other debtors
22,997 
25,529 
22,997 
40,529 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
576,215 
472,181 
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Xetrov Property Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
23,080 
1,365 
VAT
28,777 
26,302 
Obligations under finance leases and hire purchase contracts
5,936 
- 
Other creditors
12,299 
- 
Accruals
12,022 
9,022 
82,114 
36,689 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,769,000 
2,769,000 
Obligations under finance leases and hire purchase contracts
7,389 
- 
2,776,389 
2,769,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Spencer Charles Burnham
Director's Loan Balance
23,649 
- 
1,113 
22,536 
23,649 
- 
1,113 
22,536 
At 1 January 2024 there was a net directors loan account balance owing of £25,659. There was a repayment of £1,113 in the year.
10
Transactions with related parties
The company charged rent and service charges of £183,166 to Xetrov Energy Ltd (2023 - £180,000), a fellow subsidiary within Xetrov Group Ltd. The company charged rent of £190,000 to Xetrov Group Ltd, the parent company (2023 - £129,727).
11
Controlling party
The entire share capital of the company is owned by Xetrov Group Ltd. Xetrov Group Ltd is a company registered in England No 09693479 and whose registered office is 90 Jermyn Street, London, SW1Y 6JD.
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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