REGISTERED NUMBER: 08432818 (England and Wales)

Xurix Limited

Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D K Rose

REGISTERED OFFICE:

The Engine House

77 Station Road

Petersfield

Hampshire

GU32 3FQ

REGISTERED NUMBER:

08432818 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

The Engine House

77 Station Road

Petersfield

Hampshire

GU32 3FQ

FIXED ASSETS

Investments

4

594,669

584,798

CURRENT ASSETS

Debtors: amounts falling due after more than one year

5

150,000

150,000

Cash at bank

20,724

434,430

170,724

584,430

CREDITORS

Amounts falling due within one year

6

2,982

14,215

NET CURRENT ASSETS

167,742

570,215

TOTAL ASSETS LESS CURRENT LIABILITIES

762,411

1,155,013

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

762,410

1,155,012

762,411

1,155,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th December 2025 and were signed by:

D K Rose - Director

1.	STATUTORY INFORMATION

Xurix 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Due to uncertainty of future profit and losses a deferred tax debtor has not been provided for.

Investments

Investments are stated at fair value. In the case of listed investments this being the quoted market price. In the case of unlisted investments this being the director's determination of market value. The movement each year is included in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

investments

Totals

£

£

£

COST OR VALUATION

At 1st April 2024

419,441

296,258

715,699

Additions

2,582

400,000

402,582

Disposals

(883

)

-

(883

)

Revaluations

7,127

(26,788

)

(19,661

)

At 31st March 2025

428,267

669,470

1,097,737

PROVISIONS

At 1st April 2024

6,096

124,805

130,901

Impairments

(715

)

372,882

372,167

At 31st March 2025

5,381

497,687

503,068

NET BOOK VALUE

At 31st March 2025

422,886

171,783

594,669

At 31st March 2024

413,345

171,453

584,798

The original cost of the investments is £1,006,654 (2024 - £604,955).

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

150,000

150,000

The company has advanced a loan of £150,000 (2024 - £150,000 to Voltloader Limited an associated company. The loan is interest free and repayable ten years from the loan advance or earlier at the borrowers discretion.

On 12 June 2025, an additional advance of £100,000 was made to Voltloader Limited. On 11 July 2025, it was agreed that £100,000 would be written off of the loan balance.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

11,413

Other creditors

2,982

2,802

2,982

14,215

7.	RELATED PARTY DISCLOSURES