REGISTERED NUMBER: 09381446 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

XWR Basement Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Singh

Mrs S Arenja

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

09381446 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

4

1,525,000

1,525,000

CURRENT ASSETS

Debtors

5

160,702

156,692

Cash at bank

18,848

3,328

179,550

160,020

CREDITORS

Amounts falling due within one year

6

37,281

36,931

NET CURRENT ASSETS

142,269

123,089

TOTAL ASSETS LESS CURRENT LIABILITIES

1,667,269

1,648,089

CREDITORS

Amounts falling due after more than one year

7

(700,972

)

(681,849

)

PROVISIONS FOR LIABILITIES

(248,279

)

(188,692

)

NET ASSETS

718,018

777,548

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

717,487

777,074

Retained earnings

9

431

374

SHAREHOLDERS' FUNDS

718,018

777,548

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

S Singh - Director

1.	STATUTORY INFORMATION

XWR Basement 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.

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 represents amounts invoiced during the year for rent receivable on investment properties. Rental income is accounted for in the year in which the property is rented.

Investment property

Investment property is not depreciated but is revalued annually at its market value in accordance with Section 1A "Small Entities' of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account and transferred to a fair value reserve.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,525,000

NET BOOK VALUE

At 31 December 2024

1,525,000

At 31 December 2023

1,525,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

1,525,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

559,234

559,234

Aggregate depreciation

(104,062

)

(92,877

)

Investment property was valued on a fair value basis on 31 December 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

2,027

Amounts owed by group undertakings

153,119

154,483

Prepayments

7,583

182

160,702

156,692

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

2,687

16,044

Trade creditors

331

59

Amounts owed to group undertakings

5,834

4,111

Amounts owed to related parties

2,401

-

Tax

16,186

11,520

Other creditors

500

500

Directors' current accounts

2,161

2,161

Accruals and deferred income

7,181

2,536

37,281

36,931

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

2,865

6,849

Bank loans - 2-5 years

698,107

-

Bank loans > 5 years

-

675,000

700,972

681,849

Amounts falling due in more than five years:

Repayable by instalments

Bank loans > 5 years

-

675,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

703,659

697,893

Debts are secured against the assets to which they relate to.

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

374

777,074

777,448

Deficit for the year

(11,030

)

(11,030

)

Dividends

(48,500

)

(48,500

)

Transfer of revaluation

59,587

(59,587

)

-

At 31 December 2024

431

717,487

717,918