Exikon Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 04802297

Exikon Limited

Filleted Financial Statements

30 April 2020

Exikon Limited

Statement of Financial Position

30 April 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	4		177,041	177,041

Current assets

Debtors	5	3,708,876	3,699,170
Cash at bank and in hand		95,835	79,934
		------------	------------
		3,804,711	3,779,104

Creditors: amounts falling due within one year	6	2,007,604		1,994,788
		------------		------------
Net current assets			1,797,107	1,784,316
			------------	------------
Total assets less current liabilities			1,974,148	1,961,357
			------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,974,048	1,961,257
	------------	------------
Shareholders funds	1,974,148	1,961,357
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 22 July 2021 , and are signed on behalf of the board by:

D Feldman

Director

Company registration number: 04802297

Exikon Limited

Notes to the Financial Statements

Year ended 30 April 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 May 2019 and 30 April 2020	177,041
	---------
Depreciation
At 1 May 2019 and 30 April 2020	–
	---------
Carrying amount
At 30 April 2020	177,041
	---------
At 30 April 2019	177,041
	---------

The directors considered that the cost price of the property represents the current market value.

5. Debtors

	2020	2019
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,698,974	3,698,974
Other debtors	9,902	196
	------------	------------
	3,708,876	3,699,170
	------------	------------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,815,804	1,790,523
Other creditors	191,800	204,265
	------------	------------
	2,007,604	1,994,788
	------------	------------

7. Summary audit opinion

The auditor's report for the year dated 22 July 2021 was unqualified. The statutory auditor was PHILLIP P SMULOVITCH .

8. Controlling party

The ultimate holding company is Rathdale Limited, a company incorporated in United Kingdom.