REGISTERED NUMBER: 14509431 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

XABIER & OCEAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S Z Chacon Llodio

REGISTERED OFFICE:

66 St. Michaels Way

Brackla

Bridgend

Pen-Y-Bont Ar Ogwr

CF31 2BE

REGISTERED NUMBER:

14509431 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

Unit 10

Bridgend Business Park

Bennett Street

Bridgend

Glamorgan

CF31 3SH

FIXED ASSETS

Tangible assets

4

215

339

Investment property

5

420,000

333,112

420,215

333,451

CURRENT ASSETS

Debtors

6

1,700

1,700

Cash at bank

15,653

18,543

17,353

20,243

CREDITORS

Amounts falling due within one year

7

3,783

3,637

NET CURRENT ASSETS

13,570

16,606

TOTAL ASSETS LESS CURRENT LIABILITIES

433,785

350,057

CREDITORS

Amounts falling due after more than one year

8

(340,297

)

(343,338

)

PROVISIONS FOR LIABILITIES

(17,925

)

(2,177

)

NET ASSETS

75,563

4,542

CAPITAL AND RESERVES

Called up share capital

1

1

Fair value reserve

10

76,240

9,281

Retained earnings

(678

)

(4,740

)

75,563

4,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2026 and were signed by:

Ms S Z Chacon Llodio - Director

1.	STATUTORY INFORMATION

Xabier & Ocean 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

494

DEPRECIATION

At 1 April 2025

155

Charge for year

124

At 31 March 2026

279

NET BOOK VALUE

At 31 March 2026

215

At 31 March 2025

339

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

333,112

Additions

4,222

Revaluations

82,666

At 31 March 2026

420,000

NET BOOK VALUE

At 31 March 2026

420,000

At 31 March 2025

333,112

Fair value at 31 March 2026 is represented by:

£

Valuation in 2025

11,458

Valuation in 2026

82,666

Cost

325,876

420,000

If investment property had not been revalued it would have been included at the following historical cost:

31/3/26

31/3/25

£

£

Cost

325,876

321,654

The investment properties were valued on an open market basis on 31 March 2026 by the director. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Other debtors

1,700

1,700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Taxation and social security

1,233

1,937

Other creditors

2,550

1,700

3,783

3,637

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans

158,891

158,891

Other creditors

181,406

184,447

340,297

343,338

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

158,891

158,891

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/26

31/3/25

£

£

Bank loans

158,891

158,891

10.

RESERVES

Fair

value

reserve

£

At 1 April 2025

9,281

Investment property gain

66,959

At 31 March 2026

76,240