1 January 2024 false No description of principal activity Taxfiler 2024.6 13208637business:PrivateLimitedCompanyLtd2024-01-012024-12-31 132086372023-12-31 132086372024-01-012024-12-31 13208637business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 13208637business:FilletedAccounts2024-01-012024-12-31 132086372024-12-31 13208637business:Director12024-01-012024-12-31 13208637business:RegisteredOffice2024-01-012024-12-31 132086372023-12-31 13208637core:WithinOneYear2024-12-31 13208637core:WithinOneYear2023-12-31 13208637core:AfterOneYear2024-12-31 13208637core:AfterOneYear2023-12-31 13208637core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 13208637core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13208637core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 13208637core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13208637core:PreviouslyStatedAmount2024-12-31 13208637core:PreviouslyStatedAmount2023-12-31 13208637business:SmallEntities2024-01-012024-12-31 13208637countries:EnglandWales2024-01-012024-12-31 13208637core:AfterOneYear2024-01-012024-12-31 132086372023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13208637 (England and Wales)
Xetrov Property 2 Ltd Unaudited accounts for the year ended 31 December 2024
Xetrov Property 2 Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Xetrov Property 2 Ltd Company Information for the year ended 31 December 2024
Director
Ashleigh Jane Ruxton
Company Number
13208637 (England and Wales)
Registered Office
Xetrov House Browns Road Daventry NN11 4NS United Kingdom
- 3 -
Xetrov Property 2 Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
4
2,422,650 
2,422,650 
Current assets
Debtors
5
438,003 
194,013 
Cash at bank and in hand
61 
8 
438,064 
194,021 
Creditors: amounts falling due within one year
6
(3,452,801)
(11,000)
Net current (liabilities)/assets
(3,014,737)
183,021 
Total assets less current liabilities
(592,087)
2,605,671 
Creditors: amounts falling due after more than one year
7
- 
(2,914,418)
Net liabilities
(592,087)
(308,747)
Capital and reserves
Called up share capital
2,450 
2,450 
Profit and loss account
(594,537)
(311,197)
Shareholders' funds
(592,087)
(308,747)
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 director acknowledges her 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 and authorised for issue on 22 September 2025 and were signed on its behalf by
Ashleigh Jane Ruxton Director Company Registration No. 13208637
- 4 -
Xetrov Property 2 Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Xetrov Property 2 Ltd is a private company, limited by shares, registered in England and Wales, registration number 13208637. The registered office is Xetrov House, Browns Road, Daventry, NN11 4NS, United Kingdom.
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.
Investment property
Investment property is included at the original purchase cost, which is currently considered to be a fair market value. There is a secured loan from Investbridge Capital (UK) Ltd on the property repayable on 21st April 2024. There is no expectation of sale of the property, so there is no deferred taxation provided.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
2,422,650 
At 31 December 2024
2,422,650 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
6,000 
Other debtors
2,450 
2,450 
2,450 
8,450 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
435,553 
185,563 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,820,000 
- 
VAT
22,362 
5,000 
Accruals
610,439 
6,000 
3,452,801 
11,000 
- 5 -
Xetrov Property 2 Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
2,820,000 
Accruals
- 
94,418 
- 
2,914,418 
Loan outstanding of £3,315,000 (2023 - £2,820,000) to the Family Francis Fund, who are also shareholders in Xetrov Group Ltd. The loan is repayable 12 April 2025, and interest is at 17.5% per annum. The lender holds a debenture with fixed charge over the investment property and floating charge over the assets.
8
Transactions with related parties
The company charged rent to Xetrov Energy Ltd of £250,000 (2023 - £250,000), a fellow subsidiary within Xetrov Group Ltd. The company is owed £435,553 (2023 - £185,563) by the parent company, Xetrov Group Ltd.
9
Controlling party
The company is a wholly owned subsidiary of Xetrov Group Ltd, a company registered in England at 90 Jermyn Street, London, SW1Y 6JD.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -