Company Registration No. 16336979 (England and Wales)
Xenet Ltd
Unaudited accounts
for the period from 24 March 2025 to 31 March 2026
Xenet Ltd
Unaudited accounts
Contents
Xenet Ltd
Company Information
for the period from 24 March 2025 to 31 March 2026
Directors
Gregory David CUSSELL
Andrew Babatunde OLOWUDE
Company Number
16336979 (England and Wales)
Registered Office
20
Wenlock Road
London
London
N1 7GU
England
Accountants
PRO ACCOUNTANTS
167-169 Great Portland Street
5th Floor
London
W1W 5PF
Xenet Ltd
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
92,534
Creditors: amounts falling due within one year
(38,946)
Called up share capital
1,000
Profit and loss account
55,088
Shareholders' funds
56,088
For the period ending 31 March 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by
Gregory David CUSSELL
Director
Company Registration No. 16336979
Xenet Ltd
Notes to the Accounts
for the period from 24 March 2025 to 31 March 2026
Xenet Ltd is a private company, limited by shares, registered in England and Wales, registration number 16336979. The registered office is 20, Wenlock Road, London, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2026
Taxes and social security
19,327
Xenet Ltd
Notes to the Accounts
for the period from 24 March 2025 to 31 March 2026
Allotted, called up and fully paid:
100,000 Ordinary shares of £0.01 each
1,000
7
Average number of employees
During the period the average number of employees was 2.