REGISTERED NUMBER: 14629093 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

X-IT PLAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss M E Gallagher

REGISTERED OFFICE:

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

REGISTERED NUMBER:

14629093 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Investment property

4

201,000

202,000

CURRENT ASSETS

Cash at bank

13,165

14,702

CREDITORS

Amounts falling due within one year

5

88,304

87,817

NET CURRENT LIABILITIES

(75,139

)

(73,115

)

TOTAL ASSETS LESS CURRENT LIABILITIES

125,861

128,885

CREDITORS

Amounts falling due after more than one year

6

(96,186

)

(96,505

)

PROVISIONS FOR LIABILITIES

(6,579

)

(6,769

)

NET ASSETS

23,096

25,611

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

7

28,048

28,858

Retained earnings

(4,953

)

(3,248

)

23,096

25,611

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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:

Miss M E Gallagher - Director

1.	STATUTORY INFORMATION

X-It Plan 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.

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 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

202,000

Revaluations

(1,000

)

At 31 January 2026

201,000

NET BOOK VALUE

At 31 January 2026

201,000

At 31 January 2025

202,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2026

201,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

88,304

87,817

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other creditors

96,186

96,505

7.

RESERVES

Revaluation

reserve

£

At 1 February 2025

28,858

Revaluation

(810

)

At 31 January 2026

28,048

8.	RELATED PARTY DISCLOSURES

Other creditors include loans made to the company by the director totalling £2,689 (£2,557 as at 31st January 2025). These loans are interest free with no fixed date for repayment.

Other creditors also include loans made to the company by Onexis Limited (another company under the control of the director) totalling £78,964 (£78,964 as at 31st January 2025). These loans are also interest free with no fixed date for repayment.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss M E Gallagher.