Company Registration No. 09843865 (England and Wales)
XVA Solutions Ltd
Unaudited accounts
for the year ended 31 March 2022
XVA Solutions Ltd
Unaudited accounts
Contents
XVA Solutions Ltd
Company Information
for the year ended 31 March 2022
Director
Mr Giovanni Cesari
Company Number
09843865 (England and Wales)
Registered Office
9A Lavender Gardens
London
SW11 1DH
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
XVA Solutions Ltd
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
277,936
278,877
Creditors: amounts falling due within one year
(151)
(151)
Net current assets
277,860
278,801
Net assets
277,860
278,801
Called up share capital
100
100
Profit and loss account
277,760
278,701
Shareholders' funds
277,860
278,801
For the year ending 31 March 2022 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 5 April 2022 and were signed on its behalf by
Mr Giovanni Cesari
Director
Company Registration No. 09843865
XVA Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2022
XVA Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09843865. The registered office is 9A Lavender Gardens, London, SW11 1DH, 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.
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.
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:
Computer equipment
33% straight line
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.
XVA Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends.
At the reporting date the amount owed by the company to Mr Cesari was £26, a movement of £Nil from the £26 owed by the company at the beginning of the period.
Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
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Average number of employees
During the year the average number of employees was 0 (2021: 0).
