XECUTIV RESORT SOLUTIONS LIMITED

XECUTIV RESORT SOLUTIONS LIMITED

XECUTIV RESORT SOLUTIONS LIMITED - Company Information

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Company Registration No. 05899849 (England and Wales)
XECUTIV RESORT SOLUTIONS LIMITED Unaudited accounts for the year ended 31 August 2021
XECUTIV RESORT SOLUTIONS LIMITED Unaudited accounts Contents
Page
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XECUTIV RESORT SOLUTIONS LIMITED Company Information for the year ended 31 August 2021
Director
Abimbola Afolabi
Secretary
Tunde Scott
Company Number
05899849 (England and Wales)
Registered Office
86-90 Paul Street London EC2A 4NE United Kingdom
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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XECUTIV RESORT SOLUTIONS LIMITED Accountants' report
Accountants' report to the director of XECUTIV RESORT SOLUTIONS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 August 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of XECUTIV RESORT SOLUTIONS LIMITED for the year ended 31 August 2021 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of XECUTIV RESORT SOLUTIONS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of XECUTIV RESORT SOLUTIONS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than XECUTIV RESORT SOLUTIONS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that XECUTIV RESORT SOLUTIONS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of XECUTIV RESORT SOLUTIONS LIMITED. You consider that XECUTIV RESORT SOLUTIONS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of XECUTIV RESORT SOLUTIONS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 30 May 2022
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XECUTIV RESORT SOLUTIONS LIMITED Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
211,073 
212,025 
Current assets
Debtors
5
57,199 
59,199 
Cash at bank and in hand
20,616 
27,184 
77,815 
86,383 
Creditors: amounts falling due within one year
6
(36,099)
(33,061)
Net current assets
41,716 
53,322 
Total assets less current liabilities
252,789 
265,347 
Creditors: amounts falling due after more than one year
7
(23,753)
(31,670)
Net assets
229,036 
233,677 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
228,936 
233,577 
Shareholders' funds
229,036 
233,677 
For the year ending 31 August 2021 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 director acknowledges his 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 and authorised for issue on 30 May 2022 and were signed on its behalf by
Abimbola Afolabi Director Company Registration No. 05899849
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XECUTIV RESORT SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
XECUTIV RESORT SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05899849. The registered office is 86-90, Paul Street, London, EC2A 4NE, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in sterling.
Turnover
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.
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:
Motor vehicles
25
Fixtures & fittings
20
Computer equipment
20
Other tangible fixed assets
10
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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XECUTIV RESORT SOLUTIONS LIMITED Notes to the Accounts for the year ended 31 August 2021
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2020
206,369 
32,000 
7,696 
20,086 
266,151 
At 31 August 2021
206,369 
32,000 
7,696 
20,086 
266,151 
Depreciation
At 1 September 2020
- 
31,270 
4,889 
17,967 
54,126 
Charge for the year
- 
182 
281 
489 
952 
At 31 August 2021
- 
31,452 
5,170 
18,456 
55,078 
Net book value
At 31 August 2021
206,369 
548 
2,526 
1,630 
211,073 
At 31 August 2020
206,369 
730 
2,807 
2,119 
212,025 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Amounts due from group undertakings etc.
57,199 
59,199 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Amounts owed to group undertakings and other participating interests
5,167 
2,100 
Taxes and social security
30,477 
29,761 
Other creditors
33 
1,200 
Accruals
422 
- 
36,099 
33,061 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
23,753 
31,670 
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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