REGISTERED NUMBER: 10370818 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

XWR 1 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:

10370818 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

4

1,800,000

1,800,000

CURRENT ASSETS

Debtors

5

27,856

18,582

Cash at bank

15,831

4,153

43,687

22,735

CREDITORS

Amounts falling due within one year

6

189,691

198,222

NET CURRENT LIABILITIES

(146,004

)

(175,487

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,653,996

1,624,513

CREDITORS

Amounts falling due after more than one year

7

(819,725

)

(790,000

)

PROVISIONS FOR LIABILITIES

(207,402

)

(157,625

)

NET ASSETS

626,869

676,888

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

626,384

676,160

Retained earnings

9

385

628

SHAREHOLDERS' FUNDS

626,869

676,888

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 1 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 period for rent receivable on investment properties. Rental income is accounted for in the period 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

1,800,000

NET BOOK VALUE

At 31 December 2024

1,800,000

At 31 December 2023

1,800,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

1,800,000

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

2024

2023

£

£

Cost

966,216

966,216

Aggregate depreciation

(133,335

)

(114,011

)

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

701

-

Amounts owed by group undertakings

18,293

18,377

Prepayments

8,862

205

27,856

18,582

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,428

26,035

Trade creditors

741

404

Amounts owed to group undertakings

161,820

153,427

Tax

20,252

13,867

Other creditors

1,615

1,615

Accruals and deferred income

1,835

2,874

189,691

198,222

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

3,369

-

Bank loans - 2-5 years

816,356

-

Bank loans > 5 years

-

790,000

819,725

790,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans > 5 years

-

790,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

13

-

Bank loans

823,140

816,035

823,153

816,035

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

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

628

676,160

676,788

Profit for the year

10,981

10,981

Dividends

(61,000

)

(61,000

)

Transfer of deferred tax

49,776

(49,776

)

-

At 31 December 2024

385

626,384

626,769