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Company Registration No. 10684916 (England and Wales)
Xara International Ltd Unaudited accounts for the year ended 31 December 2024
Xara International Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Xara International Ltd Company Information for the year ended 31 December 2024
Directors
Mr Abiola Adebayo Mr Alexandre Dergatcheff
Company Number
10684916 (England and Wales)
Registered Office
4 Shandon Road London SW4 9HP
Accountants
Hampshire Accountancy Services College Court 15 Bowen Lane Petersfield Hampshire GU31 4DR
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Xara International Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
4
538,650 
538,650 
Current assets
Debtors
5
57,221 
57,221 
Cash at bank and in hand
1,659 
28,571 
58,880 
85,792 
Creditors: amounts falling due within one year
6
81,742 
66,132 
Net current assets
140,622 
151,924 
Total assets less current liabilities
679,272 
690,574 
Creditors: amounts falling due after more than one year
7
(605,691)
(606,378)
Net assets
73,581 
84,196 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
72,581 
83,196 
Shareholders' funds
73,581 
84,196 
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 15 May 2025 and were signed on its behalf by
Mr Alexandre Dergatcheff Director Company Registration No. 10684916
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Xara International Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Xara International Ltd is a private company, limited by shares, registered in England and Wales, registration number 10684916. The registered office is 4 Shandon Road, London, SW4 9HP.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
4
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 January 2024
493,716 
44,934 
538,650 
Valuation at 31 December 2024
493,716 
44,934 
538,650 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
57,221 
57,221 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
(191,761)
(176,376)
Other creditors
109,817 
109,817 
Accruals
202 
427 
(81,742)
(66,132)
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Xara International Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
605,691 
606,378 
8
Transactions with related parties
1)At the Balance Sheet date, AX Global Ltd (Parent Company) owed XARA International Ltd (Subsidiary) a total of 191,761gbp / 231,897euro's 2)At the Balance Sheet date, Xara International Ltd owed: Fado two Ltd - 221,053gbp / 252,000euro's Fado Three Ltd - 278,498gbp / 311,466euro's Fado Four Ltd - 150,376gbp / 170,145euro's
9
Controlling party
Xara International Ltd is 100% owned by AX Global Ltd. Registered office is 161D Tower Road, Sliema, Malta, SLM 1603
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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