Xplus Properties Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14627303

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		85,610		85,483

			85,610		85,483
CURRENT ASSETS
Debtors	5	87,470		120
Cash at bank and in hand		774		473

		88,244		593
Creditors: Amounts Falling Due Within One Year	6	(122,000 )		(17,260 )

NET CURRENT ASSETS (LIABILITIES)			(33,756 )		(16,667 )

TOTAL ASSETS LESS CURRENT LIABILITIES			51,854		68,816

Creditors: Amounts Falling Due After More Than One Year	7		(110,465 )		(110,465 )

NET LIABILITIES			(58,611 )		(41,649 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(58,613 )		(41,651 )

SHAREHOLDERS' FUNDS			(58,611)		(41,649)

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Xplus Properties Ltd

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Claire Payne

Director

26th October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Xplus Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14627303 . The registered office is 172 Rownhams Lane, North Baddesley, Southampton, SO52 9LQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

As at the statement of financial position date the Company had net liabilities.

The directors continue to support the business and have assessed whether the "going concern" basis of accounting is appropriate, considering all the available information about the future, which is at least, but not limited to,12 months from the date of approval. At this time, the directors can confirm that they can meet their obligations and therefore have prepared the Financial Statements on a "going concern" basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Plant & Machinery	25% straight line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

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Xplus Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 February 2025	85,483	-	85,483
Additions	-	163	163

As at 31 January 2026	85,483	163	85,646

Depreciation
As at 1 February 2025	-	-	-
Provided during the period	-	36	36

As at 31 January 2026	-	36	36

Net Book Value
As at 31 January 2026	85,483	127	85,610

As at 1 February 2025	85,483	-	85,483

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	87,470	120

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	-	68
Other loans	122,000	-
Other creditors	-	17,192

	122,000	17,260

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other loans	110,465	110,465

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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Xplus Properties Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mrs Claire Payne	-	43,735	-	-	43,735
Mr Terry Payne	-	43,735	-	-	43,735

The above loan is unsecured, interest free and repayable on demand.

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