Company Registration No. 01783811 (England and Wales)
Xetrov Property Limited
Unaudited accounts
for the year ended 31 December 2025
Xetrov Property Limited
Unaudited accounts
Contents
Xetrov Property Limited
Company Information
for the year ended 31 December 2025
Directors
Spencer Charles Burnham
Ashleigh Ruxton
Company Number
01783811 (England and Wales)
Registered Office
Xetrov House
Browns Road
Daventry
NN11 4NS
Xetrov Property Limited
Statement of financial position
as at 31 December 2025
Tangible assets
11,330
15,584
Investment property
5,595,032
5,595,032
Creditors: amounts falling due within one year
(82,553)
(82,114)
Net current assets
572,396
517,098
Total assets less current liabilities
6,178,758
6,127,714
Creditors: amounts falling due after more than one year
(2,769,684)
(2,776,389)
Net assets
3,409,074
3,351,325
Called up share capital
100
100
Revaluation reserve
3,228,860
3,228,860
Profit and loss account
180,114
122,365
Shareholders' funds
3,409,074
3,351,325
For the year ending 31 December 2025 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 17 April 2026 and were signed on its behalf by
Ashleigh Ruxton
Director
Company Registration No. 01783811
Xetrov Property Limited
Notes to the Accounts
for the year ended 31 December 2025
Xetrov Property Limited is a private company, limited by shares, registered in England and Wales, registration number 01783811. The registered office is Xetrov House, Browns Road, Daventry, NN11 4NS.
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 remained unchanged from the previous year, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
20% on cost
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Grants received in the year are in relation to the Coronovirus Job Retention Scheme and have been recognised as income in the year.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
No deferred tax has been calculated on the assets as there is no intention to sell the investment property.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation has not been provided for as there is no intentional to sell the property.
Xetrov Property Limited
Notes to the Accounts
for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
18,374
18,835
3,083
40,292
Disposals
-
(18,835)
(3,083)
(21,918)
At 31 December 2025
18,374
-
-
18,374
At 1 January 2025
3,369
18,835
2,504
24,708
Charge for the year
3,675
-
-
3,675
On disposals
-
(18,835)
(2,504)
(21,339)
At 31 December 2025
7,044
-
-
7,044
At 31 December 2025
11,330
-
-
11,330
At 31 December 2024
15,005
-
579
15,584
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
-
15,005
Fair value at 1 January 2025
5,595,032
At 31 December 2025
5,595,032
The property was valued at £3,290,000 on 24th August 2022. The valuation was carried out by Chris Monkhouse MRICS MCIWM, RICS Registered Valuer of Knight Frank.
Amounts falling due within one year
Other debtors
22,540
22,997
Amounts falling due after more than one year
Amounts due from group undertakings etc.
632,409
576,215
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
25,000
23,080
Obligations under finance leases and hire purchase contracts
6,704
5,936
Trade creditors
14,730
12,299
Xetrov Property Limited
Notes to the Accounts
for the year ended 31 December 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
2,769,000
2,769,000
Obligations under finance leases and hire purchase contracts
684
7,389
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Balance
22,536
-
-
22,536
At 1 January 2024 there was a net directors loan account balance owing of £25,659. There was a repayment of £1,113 in the year.
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Transactions with related parties
The company charged rent and service charges of £180,000 to Xetrov Energy Ltd (2024 - £183,166), a fellow subsidiary within Xetrov Group Ltd.
The company charged rent of £190,000 to Xetrov Group Ltd, the parent company (2024 - £190,000).
The company was owed £632,409 by the parent company, Xetrov Group Ltd at 31st December 2025 (2024 - £576,215).
The entire share capital of the company is owned by Xetrov Group Ltd. Xetrov Group Ltd is a company registered in England No 09693479 and whose registered office is 90 Jermyn Street, London, SW1Y 6JD.
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Average number of employees
During the year the average number of employees was 0 (2024: 0).