XONAI LTD


Directors	Bilal Akbar Khan
	Ashraf Lotfi
	Leandro Francisco Pereira Pinto Vaz
	Graham York


Registered Address	86-90 Paul Street
	London
	EC2A 4NE


Registered Number	13293744 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		85		102
Tangible assets	5		1,005		5,196
			1,090		5,298
Current assets
Debtors		877		94,837
Cash at bank and on hand		522,633		444,142
		523,510		538,979
Creditors amounts falling due within one year	6	(12,314)		(22,324)
Net current assets (liabilities)			511,196		516,655
Total assets less current liabilities			512,286		521,953
Net assets			512,286		521,953
Capital and reserves
Called up share capital			260		211
Share premium			3,136,020		2,536,111
Profit and loss account			(2,623,994)		(2,014,369)
Shareholders' funds			512,286		521,953

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 August 2026, and are signed on its behalf by:

Leandro Francisco Pereira Pinto Vaz
Director
Registered Company No. 13293744

XONAI LTD

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2026		2025
	Average number of employees during the year	4		5

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 25	170	170
At 31 March 26	170	170
Amortisation and impairment
At 01 April 25	68	68
Charge for year	17	17
At 31 March 26	85	85
Net book value
At 31 March 26	85	85
At 31 March 25	102	102

4.	Useful life of intangible assets
	Intangible Assets have a useful life of 10 years.

5.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 25	23,031	23,031
Additions	450	450
At 31 March 26	23,481	23,481
Depreciation and impairment
At 01 April 25	17,835	17,835
Charge for year	4,641	4,641
At 31 March 26	22,476	22,476
Net book value
At 31 March 26	1,005	1,005
At 31 March 25	5,196	5,196

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	-	5,982
Taxation and social security	10,227	13,283
Other creditors	2,087	2,618
Accrued liabilities and deferred income	-	441
Total	12,314	22,324

7.	Contingent liabilities
	There were no financial guarantees or commitments, either ongoing or entered into during the period.

8.	Directors advances, credits and guarantees
	There were no advances, credits and guarantees granted to the directors during the period.

9.	Off-balance sheet arrangements
	The company had no off-balance sheet arrangements at year-end or at any stage during the period.