REGISTERED NUMBER: 03359910 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

X LAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Williams

G V Williams

A Williams

P Williams

SECRETARY:

G V Williams

REGISTERED OFFICE:

55 Loudoun Road

St Johns Wood

London

NW8 0DL

REGISTERED NUMBER:

03359910 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

BANKERS:

Barclays Bank Plc

50 Pall Mall

PO Box 15162

London

SW1A 1QB

FIXED ASSETS

Tangible assets

4

1,418

1,891

Investments

5

891,789

805,056

893,207

806,947

CURRENT ASSETS

Debtors

6

977,383

441,888

Cash at bank

283,204

7,139

1,260,587

449,027

CREDITORS

Amounts falling due within one year

7

(1,330,278

)

(277,456

)

NET CURRENT (LIABILITIES)/ASSETS

(69,691

)

171,571

TOTAL ASSETS LESS CURRENT LIABILITIES

823,516

978,518

CREDITORS

Amounts falling due after more than one year

8

(575,672

)

(588,172

)

NET ASSETS

247,844

390,346

CAPITAL AND RESERVES

Called up share capital

10

50

50

Retained earnings

247,794

390,296

SHAREHOLDERS' FUNDS

247,844

390,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 16 December 2025 and were signed on its behalf by:

P Williams - Director

1.	COMPANY INFORMATION

X Land 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Accounting convention

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.

Turnover

Turnover represents amounts receivable on consultancy fees and profit shares from joint ventures net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Fixed asset investment are stated at cost less provision for diminution in value.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs

Cash and cash equivalents

Cash and cash equivalents are basis financial assets and include cash in hand and deposits held at call with banks.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 31 December 2023

and 30 December 2024

27,088

DEPRECIATION

At 31 December 2023

25,197

Charge for year

473

At 30 December 2024

25,670

NET BOOK VALUE

At 30 December 2024

1,418

At 30 December 2023

1,891

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 31 December 2023

805,056

Additions

144,525

Disposals

(57,792

)

At 30 December 2024

891,789

NET BOOK VALUE

At 30 December 2024

891,789

At 30 December 2023

805,056

6.

DEBTORS

30.12.24

30.12.23

£

£

Amounts falling due within one year:

Other debtors

867,524

360,029

Amounts falling due after more than one year:

Other debtors

109,859

81,859

Aggregate amounts

977,383

441,888

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

£

Trade creditors

-

4,151

Other creditors

1,330,278

273,305

1,330,278

277,456

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.12.24

30.12.23

£

£

Other creditors

575,672

588,172

9.

LOANS

An analysis of the maturity of loans is given below:

30.12.24

30.12.23

£

£

Amounts falling due within one year or on demand:

Other loans

300,000

-

Amounts falling due between one and two years:

Other loans - 1-2 years

575,672

588,172

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.12.24

30.12.23

value:

£

£

5,000

Ordinary

1p

50

50

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by P Williams by virtue of his shareholdings.