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Company Registration number: 7376664

Xanther Ltd
Unaudited Financial Statements
for the Year Ended 29 March 2025

Xanther Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

Xanther Ltd

(Registration number: 7376664)
Balance Sheet as at 29 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 450,031 | 457,443
Investment property | 5 | 920,565 | 920,565
|  | 1,370,596 | 1,378,008
Current assets |  |  |
Stocks | 6 | 32,924 | 36,223
Debtors | 7 | 77,759 | 53,953
Cash at bank and in hand |  | 35,042 | 51,732
|  | 145,725 | 141,908
Creditors: Amounts falling due within one year | 8 | (261,307) | (221,807)
Net current liabilities |  | (115,582) | (79,899)
Total assets less current liabilities |  | 1,255,014 | 1,298,109
Creditors: Amounts falling due after more than one year | 8 | (234,849) | (266,667)
Provisions for liabilities |  | (1,338) | (551)
Net assets |  | 1,018,827 | 1,030,891
Capital and reserves |  |  |
Called up share capital | 9 | 325,001 | 325,001
Retained earnings |  | 693,826 | 705,890
Shareholders' funds |  | 1,018,827 | 1,030,891

For the financial year ending 29 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Xanther Ltd

(Registration number: 7376664)
Balance Sheet as at 29 March 2025

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 15 April 2026

......................................... Mr M T Lewis Director |  |

Xanther Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Brynfro
67 Broadway
Llanblethiant
Cowbridge
Vale of Glamorgan
CF71 7EY

These financial statements were authorised for issue by the director on 15 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Xanther Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Kitchen equipment | 25% on cost
Fixtures & Fittings | 25% on cost
Motor vehicles | 25% on cost
Freehold property | 2% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Xanther Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 22 (2024 - 22).

Xanther Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Kitchen equipment £
Cost or valuation
At 30 March 2024 | 527,935 | 57,772 | 31,075 | 2,733
Additions | - | - | 4,000 | -
At 29 March 2025 | 527,935 | 57,772 | 35,075 | 2,733
Depreciation
At 30 March 2024 | 72,695 | 55,970 | 30,833 | 2,574
Charge for the year | 10,559 | 515 | 288 | 50
At 29 March 2025 | 83,254 | 56,485 | 31,121 | 2,624
Carrying amount
At 29 March 2025 | 444,681 | 1,287 | 3,954 | 109
At 29 March 2024 | 455,240 | 1,802 | 242 | 159

| Total £
Cost or valuation
At 30 March 2024 | 619,515
Additions | 4,000
At 29 March 2025 | 623,515
Depreciation
At 30 March 2024 | 162,072
Charge for the year | 11,412
At 29 March 2025 | 173,484
Carrying amount
At 29 March 2025 | 450,031
At 29 March 2024 | 457,443

Included within the net book value of land and buildings above is £444,681 (2024 - £455,240) in respect of freehold land and buildings.

5 | Investment properties

| 2025 £
At 30 March | 920,565
At 29 March | 920,565

There has been no valuation of investment property by an independent valuer.

Xanther Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 32,924 | 36,223

7 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 11 | 77,759 | 53,953
|  | 77,759 | 53,953

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 33,909 | 10,000
Trade creditors |  | 60,730 | 60,831
Taxation and social security |  | 121,407 | 111,060
Accruals and deferred income |  | 4,804 | 6,510
Other creditors |  | 40,457 | 33,406
|  | 261,307 | 221,807

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,909 (2024 - £nil).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 234,849 | 266,667

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £233,182 (2024 - £255,000).

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 325,001 | 325,001 | 325,001 | 325,001

Xanther Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 234,849 | 266,667

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 20,909 | 10,000
Other borrowings | 13,000 | -
| 33,909 | 10,000

Xanther Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 March 2025

11 | Related party transactions

Transactions with the director

2025 | At 30 March 2024 £ | Advances to director £ | Repayments by director £ | At 29 March 2025 £
Mr M T Lewis
Interest free loan | 27,023 | (93,979) | 103,873 | 36,917

2024 | At 30 March 2023 £ | Advances to director £ | Repayments by director £ | At 29 March 2024 £
Mr M T Lewis
Interest free loan | (338,386) | (159,591) | 525,000 | 27,023

These balances are unsecured and repayable on demand.

Summary of transactions with other related parties

During the year the company provided a loan to a related company, amounting to £77,759 (2024 - £53,953) which is included in other debtors. This loan was interest free, unsecured and repayable upon demand.
During the year, the company received an interest-free, unsecured loan from a close family member. The loan had no fixed repayment terms. The balance outstanding at the year end was £13,000 (2024 - £nil).