X44_Limited - Accounts


Company Registration No. 12619603 (England and Wales)
X44 Limited
Unaudited financial statements
for the year ended 31 December 2020
Pages for filing with the Registrar
X44 Limited
Statement of financial position
As at 31 December 2020
Page 1
2020
£
£
Fixed assets
4,972
Current assets
234,176
Prepayments and accrued income
273,194
Creditors: amounts falling due within one year
(702,221)
Net current liabilities
(194,851)
Total assets less current liabilities
(189,879)
Net liabilities
(189,879)
Capital and reserves
(189,879)
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2020
Number
Employees
1
2
Going Concern

The company's sole shareholder, Inday Rose Ltd, has agreed that they will make available sufficient resources to enable the company to continue in operational existence for the foreseeable future. Accordingly, the director has adopted the going concern basis in preparing the financial statements.

 

At the year end the sole shareholder has provided a loan of £500,000 which is interest free. The sole shareholder has also provided a rolling loan facility of up to £1,000,000.

X44 Limited
Statement of financial position (continued)
As at 31 December 2020
Page 2

X44 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71 Queen Victoria Street, London, EC4V 4BE.

For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 25 November 2021 and are signed on its behalf by:
Mark Hamlin
Director
Company Registration No. 12619603
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